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Introduction

GFEBS Spending Chain

 

Now that you have a better understanding of how the different processes in Spending Chain work, we will go over the following Key Concepts within Accounts Payable:

                  

•Key Terms

•Key Roles

•Accounts Payable Activities

 

Keep in mind the second part of the Acquisition process is primarily managed by DFAS.

 

Now let's review some key terms.