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During fiscal year end closeout who serves as the liaison between base level major players and DFAS?
Financial Analysis Office (FMA)
Who is responsible for providing fiscal year end guidance procedures to bases and executing closeout checklists?
DFAS
What is the difference between Fiscal Month and Calendar Month?
Calendar month is taken into account from January to December, whereas Fiscal month or the Financial month is taken into account from April to March. Fiscal month varies with the Companies to what they try to adapt to.
When are closing entries prepared?
At year end (fiscal or calendar).
How does a fiscal year differ from a calendar year?
A calendar year, by definition, starts on January 1 and ends on December 31. A fiscal year does not need to do that. Many companies, and organizations including Universities and Colleges, start their fiscal year on July 1.
What RC duties performed during end-of-year closeout on Calendar and Fiscal Year records except?
The RC performs all of the normal duties at the end of year closeout on calendar and fiscal year records. The only exception is the transferring of records to inactive file areas with a disposition of less than one year.
RC duties performed during end-of-year closeout on Calendar and Fiscal Year records except?
Transfer records to inactive files area (hard copy or electronic) with a disposition of less than 1 year
During fiscal year end closeout who serves as the liaison between base level major players and DFAS?
Financial Analysis Office (FMA)
During fiscal year-end closeout Who serves as a liaisn between base-level major players and defense finance and accouting service?
ncial analysis office FMA
Who is responsible for providing fiscal year end guidance procedures to bases executing closeout checklists?
DFAS
Who is responsible for providing fiscal year end guidance procedures to bases and executing closeout checklists?
DFAS
WHO SERVES AS A LIAISON BETWEEN BASE LEVEL MAJOR PLAYERS AND DEFENSE FINANCE ACCOUNTING SERVICES DURING FISCAL YEAR END CLOSEOUT?
The liaison between base level major players and Defense Finance Accounting Services (DFAS) during fiscal year-end closeout is typically the Financial Management Officer (FMO) or the designated financial liaison officer. This individual coordinates communication, ensures compliance with financial regulations, and facilitates the timely submission of necessary documentation and reports. Their role is crucial in aligning the activities of various stakeholders to ensure a smooth and accurate closeout process.
In addition to ras rcms and ccms what offices are normally involved in fiscal year end closeout?
Contracting Supply ALO FMA
When does the Russian fiscal year begin?
Calendar year
What is a good effection day for a bill?
First of the calendar month or first of the calendar or fiscal year.
What is the difference between Fiscal Month and Calendar Month?
Calendar month is taken into account from January to December, whereas Fiscal month or the Financial month is taken into account from April to March. Fiscal month varies with the Companies to what they try to adapt to.
There are four summary records based on the level of necessary fiscal or management control Which is the highest level of fiscal control?
a. Control Summary Records
