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GFEBS L413E Financial Reporting Exam Study Guide $9.99   Add to cart

Exam (elaborations)

GFEBS L413E Financial Reporting Exam Study Guide

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GFEBS L413E Financial Reporting Exam Study Guide The Defense Departmental Reporting System (DDRS) takes the GFEBS Trial Balance and produces the official DoD Financial Statement - Correct Answer️️ -True The DDRS Outbound Trial Balance includes Defense Reporting elements - Correct Answer️...

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  • September 25, 2024
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  • 2024/2025
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EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
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FIRST PUBLISHED: SEPTEMBER 2024

GFEBS L413E Financial Reporting Exam
Study Guide


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


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