GFEBS L413E Financial Reporting 2025| COMPLETE EXAM
SET (questions and verified answers)frequently most tested
questions | already passed!!
The Defense Departmental Reporting System (DDRS) takes the GFEBS Trial Balance and
!@#$%%%%%
produces the official dod Financial Statement - (ANSWERS)True %%%%%%
The DDRS Outbound Trial Balance includes Defense Reporting elements - (ANSWERS)true
The Business Enterprise Information System (BEIS) - (ANSWERS)Is an organization in dod that
delivers enterprise business services to enable effective financial management throughout dod
The Abnormal Balance Report can be run - (ANSWERS)all of the above
Which of the following statements concerning the Federal Agencies' Centralized Trial-Balance
System (FACTS) is true - (ANSWERS)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 - (ANSWERS)true
Which of the following are Line Item Reports used by GFEBS Financials - (ANSWERS)all of the
above
Which of the following statements concerning the Government-wide Financial Reporting
System (GFRS) is false - (ANSWERS)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 - (ANSWERS)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 -
(ANSWERS)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. - (ANSWERS)true
The purpose of GFEBS Financial Reporting is to - (ANSWERS)all of the above
SET (questions and verified answers)frequently most tested
questions | already passed!!
The Defense Departmental Reporting System (DDRS) takes the GFEBS Trial Balance and
!@#$%%%%%
produces the official dod Financial Statement - (ANSWERS)True %%%%%%
The DDRS Outbound Trial Balance includes Defense Reporting elements - (ANSWERS)true
The Business Enterprise Information System (BEIS) - (ANSWERS)Is an organization in dod that
delivers enterprise business services to enable effective financial management throughout dod
The Abnormal Balance Report can be run - (ANSWERS)all of the above
Which of the following statements concerning the Federal Agencies' Centralized Trial-Balance
System (FACTS) is true - (ANSWERS)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 - (ANSWERS)true
Which of the following are Line Item Reports used by GFEBS Financials - (ANSWERS)all of the
above
Which of the following statements concerning the Government-wide Financial Reporting
System (GFRS) is false - (ANSWERS)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 - (ANSWERS)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 -
(ANSWERS)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. - (ANSWERS)true
The purpose of GFEBS Financial Reporting is to - (ANSWERS)all of the above
