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Financial Reporting Lifecycle

Annual Reporting

Federal entities must submit annual financial statements to the Bureau of the Fiscal Service (Fiscal Service) for the compilation of the Financial Report of the United States Government (Financial Report). These sections provide guidance to federal entities on what must be included in their annual financial statements in order to prepare an accurate and timely Financial Report.

Systems

This section provides the reporting and certification requirements for the Department of the Treasury (Treasury) financial reporting systems including Central Accounting Reporting System (CARS) and Governmentwide Treasury Account Symbol Adjusted Trial Balance System (GTAS).

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Reporting Requirements

This section provides the fourth quarter and year-end reporting requirements for the Financial Report.

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Foreign Reporting Requirements

This section addresses the unique reporting requirements for foreign transactions in the Financial Report.

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Audit and Assurance Reporting

This section identifies the requirements for the Management Representation Letter and the Legal Representation Letter that must accompany each federal entities audited financial statements used to develop the Financial Report.

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Related Content

Functions & Activities
FFMSR
Business Use Cases 
Business Data Elements

External Resources

Government Treasury Account
Symbol (GTAS)
Federal Accounting Standards
Advisory Board (FASAB) 
Treasury Statement 
Financial Report
of the US Government 
Intra-governmental Transaction
Accountability 
Intra-governmental
Working Group 
Intra-Governmental Payment and 
Collection System (IPAC)
G-Invoicing 
G-Invoicing Resources