Fb assignment 3 Study guides, Study notes & Summaries

GFEBS QUESTIONS AND ANSWERS Objectives for GFEBS Implementation Ans- 1. Enable the automation and integration of the majority of the Army's business processes. 2. Use of common data and business practices across the Army and throughout DoD by using the Standard Financial Information Structure (SFIS) to standardize data. 3. Enable users to produce and access information in a real-time environment. systems replaced Ans- two major systems replaced were the Standard Finance System (STANFINS...

What is the minimum required for presentation of external financial statements in order to conform with GAAP? - Correct Answer-Only the basic financial statements What makes up the RSI information in the ACFR - Correct Answer-MD&A & Other RSI What is included in the mandatory reporting? - Correct Answer-MD&A Basic financial statements Other RSI What is included in the basic financial statements? - Correct Answer-Government-wide Funds - Governmental, Proprietary, Fiduciary Notes to t...