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Except for awards under SNAP and awards that require more frequent reporting, the FFR is required on an annual basis. When required on an annual basis, the report must be sub- mitted for each budget period no later than 90 days after the end of the calendar quarter in which the budget period ended.
The Federal Financial Report (FFR) is used to submit financial information about individual grant awards. The FFR is required on an annual basis, except for domestic awards under the Streamlined Noncompeting Award Process (SNAP) and awards that require more frequent reporting as indicated in the Notice of Award.
Final Financial Report means a contractor- prepared or grantee-prepared document that con- tains an accurate and complete disclosure of the financial results of the contract, grant, subcontract, or subgrant.
A: An interagency biographical and financial report, commonly referred to as IBFR or report form FR2081c, is used by individuals to provide supporting biographical, financial, and employment data.
A Federal Financial Report (FFR) is a statement of expenditures associated with a grant. Recipients of federal funds are required to report the status of funds for grants or assistance agreements to the sponsor of the grant using the Federal Financial Report expenditure data.

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The major difference between these two reports is that FFR 1 provides information on capital status, profit and loss, sales working capital, etc. whereas FFR 2 includes details of funds flow.

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