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Specific domain that designates the type of financial activity, such as payments, collections, borrowings, etc, being reported in the Government-wide Accounting & Reporting (GWA) system. BETC in effect replaces the Treasury's transaction codes and standard sub-classes that are currently used on central accounting reports. New U.S. Treasury requirement effective 08/01/2006 per TFM Bulletin No. 2006-04, Volume I. Department of the Treasury, Financial Management Service, Governmentwide Accounting and Reporting Modernization (GWA) at: http://fms.treas.gov/gwa/factsheet_betc.html. |