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...
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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