GFEBS L413E Financial Reporting Exam
Questions With Correct Answers
The |Defense |Departmental |Reporting |System |(DDRS) |takes |the |GFEBS |Trial |Balance |and |
produces |the |official |DoD |Financial |Statement |- |CORRECT |ANSWER✔✔-True
The |DDRS |Outbound |Trial |Balance |includes |Defense |Reporting |elements |- |CORRECT |
ANSWER✔✔-true
The |Business |Enterprise |Information |System |(BEIS) |- |CORRECT |ANSWER✔✔-Is |an |organization |
in |DoD |that |delivers |enterprise |business |services |to |enable |effective |financial |management |
throughout |DoD
The |Abnormal |Balance |Report |can |be |run |- |CORRECT |ANSWER✔✔-all |of |the |above
Which |of |the |following |statements |concerning |the |Federal |Agencies' |Centralized |Trial-Balance |
System |(FACTS) |is |true |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-true
Which |of |the |following |are |Line |Item |Reports |used |by |GFEBS |Financials |- |CORRECT |
ANSWER✔✔-all |of |the |above
Questions With Correct Answers
The |Defense |Departmental |Reporting |System |(DDRS) |takes |the |GFEBS |Trial |Balance |and |
produces |the |official |DoD |Financial |Statement |- |CORRECT |ANSWER✔✔-True
The |DDRS |Outbound |Trial |Balance |includes |Defense |Reporting |elements |- |CORRECT |
ANSWER✔✔-true
The |Business |Enterprise |Information |System |(BEIS) |- |CORRECT |ANSWER✔✔-Is |an |organization |
in |DoD |that |delivers |enterprise |business |services |to |enable |effective |financial |management |
throughout |DoD
The |Abnormal |Balance |Report |can |be |run |- |CORRECT |ANSWER✔✔-all |of |the |above
Which |of |the |following |statements |concerning |the |Federal |Agencies' |Centralized |Trial-Balance |
System |(FACTS) |is |true |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-true
Which |of |the |following |are |Line |Item |Reports |used |by |GFEBS |Financials |- |CORRECT |
ANSWER✔✔-all |of |the |above
