208k views
1 vote
The amounts in the today column of the end-of-month DD Form 2657 will be the amounts used to prepare the Monthly Statement of Accountability SF-1219.

a) True
b) False

User GeReV
by
7.7k points

1 Answer

2 votes

Final Answer:

No, the amounts in the "today" column of the end-of-month DD Form 2657 are not used directly to prepare the Monthly Statement of Accountability SF-1219.

Step-by-step explanation:

The "today" column in the end-of-month DD Form 2657 signifies the current status of financial data at the end of each month. However, the SF-1219 requires more comprehensive information for the preparation of the Monthly Statement of Accountability. The SF-1219 necessitates an overview of both beginning and ending balances, along with any transactions or changes that occurred during the month.

To elaborate, the DD Form 2657 represents the current state of finances, including any recent transactions and adjustments. However, the SF-1219 requires a detailed breakdown, encompassing starting balances, any incoming funds, expenditures, transfers, and the resulting closing balances. Therefore, while the DD Form 2657 provides a snapshot of current financial standing, it lacks the complete picture necessary for the SF-1219, which demands a comprehensive overview of the entire month's financial activities.

In essence, the amounts in the "today" column of the DD Form 2657 serve as a point-in-time status report and aren't exhaustive enough to directly fulfill the requirements for the SF-1219, which mandates a detailed summary of financial activity throughout the month. As a result, further data analysis and reconciliation from multiple sources are needed to prepare the SF-1219 accurately.

User Anton Matosov
by
7.5k points