GCSS-ARMY FINANCE
(SUSTAINMENT)QUESTIONS &
ANSWERS CORRECT 100%
.1 Financial Management tasks that are carried out in GCSS-Army fall under which
of the following categories: - ANSWERd. 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): - ANSWERb. Obligation
3. An organizational unit of responsibility where costs can accumulate and be
reported is known as a(n): - ANSWERa. Funds Center
6. The reason(s) for maintaining the DoDAAC's account assignment table by
creating customer fund codes (CFCs) is/are to: - ANSWERd. All of the above
7. The correct sequence of events for making budget available for execution is: -
ANSWERc. 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 GCSS-
Army. The amount of the PO now appears in which column on a non-cumulative
status of funds report? - ANSWERb. 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? - ANSWERd. All open Purchase Orders
4. True or False? The GCSS-Army term for an organization that is authorized to
receive funding is known as the Fund Center. - ANSWERa. True
5. Which of the following is an example of how Finance affects Spending Chain
events? - ANSWERb. Finance ensures that budget is available for purchase
requisitions
13. Which of the following causes an unmatched transaction? - ANSWERc. 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
__________? - ANSWERd. Fund Identification Code
(SUSTAINMENT)QUESTIONS &
ANSWERS CORRECT 100%
.1 Financial Management tasks that are carried out in GCSS-Army fall under which
of the following categories: - ANSWERd. 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): - ANSWERb. Obligation
3. An organizational unit of responsibility where costs can accumulate and be
reported is known as a(n): - ANSWERa. Funds Center
6. The reason(s) for maintaining the DoDAAC's account assignment table by
creating customer fund codes (CFCs) is/are to: - ANSWERd. All of the above
7. The correct sequence of events for making budget available for execution is: -
ANSWERc. 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 GCSS-
Army. The amount of the PO now appears in which column on a non-cumulative
status of funds report? - ANSWERb. 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? - ANSWERd. All open Purchase Orders
4. True or False? The GCSS-Army term for an organization that is authorized to
receive funding is known as the Fund Center. - ANSWERa. True
5. Which of the following is an example of how Finance affects Spending Chain
events? - ANSWERb. Finance ensures that budget is available for purchase
requisitions
13. Which of the following causes an unmatched transaction? - ANSWERc. 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
__________? - ANSWERd. Fund Identification Code
