1. Financial Management tasks that are carried out in GCSS-Army fall under which of
the following categories: - Correct Answer-d. All of the above
2. The amount of an order placed, contract awarded, service received, o
...
1. Financial Management tasks that are carried out in GCSS-Army fall under which of
the following categories: - Correct Answer-d. All of the above
2. The amount of an order placed, contract awarded, service received, or other
transaction which legally reserves a specific amount of an appropriation or fund for a
future expenditure is defined as a(n): - Correct Answer-b. Obligation
3. An organizational unit of responsibility where costs can accumulate and be reported
is known as a(n): - Correct Answer-a. Funds Center
4. True or False? The GCSS-Army term for an organization that is authorized to receive
funding is known as the Fund Center. - Correct Answer-a. True
5. Which of the following is an example of how Finance affects Spending Chain events?
- Correct Answer-b. Finance ensures that budget is available for purchase requisitions
6. The reason(s) for maintaining the DoDAAC's account assignment table by creating
customer fund codes (CFCs) is/are to: - Correct Answer-d. All of the above
7. The correct sequence of events for making budget available for execution is: -
Correct Answer-c. Verify that the budget has come in from GFEBS, maintain the
DoDAAC's account assignment tables, and then communicate the CFCs to the
Logisticians
11. A goods receipt for all materials on a Purchase Order has been posted to GCSSArmy. The amount of the PO now appears in which column on a non-cumulative status
of funds report? - Correct Answer-b. Expense
12. Monitoring obligations is an important part of monitoring budget execution. The
contents of the Obligation column on a non-cumulative status of funds report contains
which of the following? - Correct Answer-d. All open Purchase Orders
13. Which of the following causes an unmatched transaction? - Correct Answer-c. The
Interfund Bill cannot be matched to a document in GCSS-Army
14. An alphanumeric code created by Finance in GFEBS that represents a mission or
operation, an external customer, or other source of costs is known as __________? -
Correct Answer-d. Fund Identification Code
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