GFRS is a system that captures each agency's closing package information and links the agencies' comparative, audited consolidated, department-level financial statements to the FR and resolves material deficiencies identified by the Government Accountability Office (GAO).
Federal Agencies' Centralized Trial-Balance System (FACTS I)
FACTS I is a system that collects agency pre-closing adjusted trial balances at the fund group level using the Standard General Ledger (SGL) accounts in a numerical order with the required attributes. The attributes are modifiers that further describe a SGL account in order to meet a specific reporting requirement in the preparation of the Financial Report of the United States Government (FR). These resources provide guidance on operations and development issues associated with FACTS I reporting in preparation of the FR.
Intragovernmental Fiduciary Confirmation System (IFCS)
IFCS is the official confirmation system for Federal Program Agencies (FPAs) that engage in fiduciary intragovernmental transactions. FPAs are required to confirm and reconcile the following fiduciary transactions: Investments with the Bureau of the Public Debt (BPD), Borrowings from BPD or the Federal Financing Bank, Federal Employees' Compensation Act transactions with the Department of Labor, and Employee Benefit Program transactions with the Office of Personnel Management.
Quick links
Federal Intragovernmental Transactions Accounting Policies Guide MS Word File(Large File: 3,149 KB) PDF File(Large File: 2,105 KB)
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