GFEBS and External Reporting Systems

FACTS - Answer- Federal Agencies' Centralized Trial Balance System GFRS - Answer- Government-wide Financial Reporting System SFIS - Answer- Standard Financial Information Structure DDRS - Answer- Defense Departmental Reporting System BEIS - Answer- Business Enterprise Information System TROR - Answer- Treasury Report on Receivables What is DDRS? - Answer- The automated reporting application maintained by BEIS that is used to prepare and review the Army General Fund financial statements and footnotes, and to prepare the Army's external required budgetary reports, including SF133, FACTS I, and FACTS II. Financial Statement - Answer- A formal record of the Army's financial activities for a period of time. These statements provide an overview of the Army's financial condition. Interface - Answer- The point of interconnection between two data systems. For example, an interface that enables GFEBS to communicate with and transfer data to an outside system, such as Defense Cash Accountability System (DCAS). Real-time - Answer- The capability in GFEBS of processing transactions the instant they are entered into the system. For instance, as soon as a financial document is posted, it is visible on the G/L. Trial Balance - Answer- A summary statement of all G/L debit and credit account balances in a double entry ledger on a given date. This preliminary balance is used to point out errors in the Period End closing process. On Demand Reports - Answer- GFEBS also enables you to run reports at any time. You do not need to wait for a nightly batch job or a Month-End close to view financial information. Select a report and click "execute" to produce the report. To run the report later, schedule the exact time that GFEBS should run the report. Customized Reports - Answer- GFEBS allows you to save different report layouts, customize individual report results screens, and more in an effort to put you in control of how your report results are displayed. Example of external reports - Answer- financial statements