True or False: Invoices subject to PPA reference an obligation in the form of a Purchase Order and Goods Receipt/GA.

Invoices that are subject to the Purchase Price Analysis (PPA) indeed reference an obligation in the form of a Purchase Order and Goods Receipt/GA. A Purchase Order is created as a formal request for the acquisition of goods or services, which establishes an obligation on the part of the government to pay for those goods or services once they are received.

Following the receipt of goods or services, a Goods Receipt or Goods Acknowledgment (GA) is generated, which serves to confirm that the products or services have been delivered as per the terms specified in the Purchase Order. This linkage between the invoice and the corresponding obligations is crucial in maintaining accurate financial records and ensuring compliance with procurement processes.

Understanding this relationship is essential for successful navigation through the GFEBS Acquisition Process, as it supports effective financial management and accountability.