What report is generated for outstanding debts in GFEBS?

What report is generated for outstanding debts in GFEBS?

• A. Cash Flow Summary Report
• B. Accounts Receivable Aging Report
• C. Budget Execution Report
• D. Financial Forecast Report

Answer: (B)

The correct report for outstanding debts in GFEBS is the Accounts Receivable Aging Report. This report specifically focuses on the status of accounts receivable, detailing how long debts have been outstanding and categorizing them based on the length of time they have remained unpaid. It is essential for debt management as it allows organizations to identify overdue accounts, prioritize collections, and manage cash flow more effectively. By tracking accounts receivable through this report, organizations can maintain a clear understanding of their financial health and address potential cash flow issues stemming from outstanding debts. This aids in strategic planning and decision-making related to collections and credit management. In contrast, the other reports serve different purposes. The Cash Flow Summary Report provides an overview of the cash inflows and outflows, while the Budget Execution Report focuses on how budgeted resources are allocated and spent. The Financial Forecast Report provides projections based on historical data and trends, but does not specifically address outstanding debts. Thus, the Accounts Receivable Aging Report is the tool specifically designed to manage and monitor outstanding debts effectively.

The correct report for outstanding debts in GFEBS is the Accounts Receivable Aging Report. This report specifically focuses on the status of accounts receivable, detailing how long debts have been outstanding and categorizing them based on the length of time they have remained unpaid. It is essential for debt management as it allows organizations to identify overdue accounts, prioritize collections, and manage cash flow more effectively.

By tracking accounts receivable through this report, organizations can maintain a clear understanding of their financial health and address potential cash flow issues stemming from outstanding debts. This aids in strategic planning and decision-making related to collections and credit management.

In contrast, the other reports serve different purposes. The Cash Flow Summary Report provides an overview of the cash inflows and outflows, while the Budget Execution Report focuses on how budgeted resources are allocated and spent. The Financial Forecast Report provides projections based on historical data and trends, but does not specifically address outstanding debts. Thus, the Accounts Receivable Aging Report is the tool specifically designed to manage and monitor outstanding debts effectively.