GFEBS L413E Financial Reporting
Latest 2022
The Defense Departmental Reporting System (DDRS) takes the GFEBS Trial Balance and
produces the official DoD Financial Statement ✔✔True
The DDRS Outbound Trial Balance incl
...
GFEBS L413E Financial Reporting
Latest 2022
The Defense Departmental Reporting System (DDRS) takes the GFEBS Trial Balance and
produces the official DoD Financial Statement ✔✔True
The DDRS Outbound Trial Balance includes Defense Reporting elements ✔✔true
The Business Enterprise Information System (BEIS) ✔✔Is an organization in DoD that delivers
enterprise business services to enable effective financial management throughout DoD
The Abnormal Balance Report can be run ✔✔all of the above
Which of the following statements concerning the Federal Agencies' Centralized Trial-Balance
System (FACTS) is true ✔✔It collects proprietary USSGL account balance information that is
used to produce the government-wide consolidated financial statement
GFEBS formats its Trial Balance according to the Government-wide Financial Reporting System
(GFRS) requirements so that the DoD does not need to restructure data to make it GFRS
compatible ✔✔true
Which of the following are Line Item Reports used by GFEBS Financials ✔✔all of the above
Which of the following statements concerning the Government-wide Financial Reporting System
(GFRS) is false ✔✔GFRS receives the Trial Balance sent by GFEBS and prepares the Army's
external Financial Statements based on the GFEBS Trial Balance.
Which of the following statements concerning Federal Agencies' Centralized Trial-Balance
System (FACTS) II is false ✔✔FACTS II collects proprietary USSGL account balance
information that is used to produce the government-wide consolidated financial statement
GFEBS complies with Standard Financial Information Structure (SFIS) standards by ✔✔Linking
each GFEBS point account to the appropriate SFIS attribute and DoD reporting Chart of Account
number
The Standard Financial Information Structure (SFIS) is a standard for categorizing financial
information to support financial management and reporting systems with consistency across the
DoD. ✔✔true
The purpose of GFEBS Financial Reporting is to ✔✔all of the above
At the end of each period, GFEBS sends its Trial Balance to the Defense Departmental
Reporting System (DDRS) which requires GFEBS to ✔✔Format its Trial Balance according to
SFIS standards
Line Item Reports can be run to show items that are ✔✔all of the above
The Federal Transaction Register Report is used to ✔✔Review debit and credit budgetary
postings
Internal reports used by business process areas in GFEBS include ✔✔all of the above
GFEBS creates the Army's actual external financial statements ✔✔false
One of the benefits of Financial Reporting in GFEBS is that it allows you to run reports at any
time ✔✔true
Which of the following statements about the TROR is false? ✔✔*The information contained in
the TROR is not available to the public.
-The information contained in the TROR report is sent to Congress, the OMB, the Agency of
Chief Financial Officers, and to other officials and representatives of Federal and State
organizations
Which report is required by the U.S. Treasury from U.S. Government Agencies to provide a
status of debt due from the public? ✔✔-Treasury Report on Receivables (TROR
-None of the above
The G/L Account Balances report is ✔✔all of the above
Benefits of Financial Reporting in GFEBS include ✔✔all of the above
In GFEBS, the Trial Balance at the Full Account level includes ✔✔Both SGL and Point
accounts combined into the GFEBS GL Account numbers
The Standard Financial Information Structure (SFIS) is a standard for categorizing financial
information in order to ✔✔all of the above
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