GFEBS and External Reporting Systems
Exam 2025 Questions and Answers
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.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, 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
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
Exam 2025 Questions and Answers
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.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, 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
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
