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GCSS-Army Finance (Sustainment) questions and answers already passed_.pdf
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9/4/24, 3:58 AMGCSS-Army Finance (Sustainment)
Jeremiah
Terms in this set (20)
1. Financial Management tasks that are d. All of the above
carried out in GCSS-Army fall under which
of the following categories:
2. The amount of an order placed, contract b. Obligation
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):
3. An organizational unit of responsibility a. Funds Center
where costs can accumulate and be
reported is known as a(n):
4. True or False? The GCSS-Army term for an a. True
organization that is authorized to receive
funding is known as the Fund Center.
5. Which of the following is an example of b. Finance ensures that budget is available for purchase requisitions
how Finance affects Spending Chain events?
6. The reason(s) for maintaining the d. All of the above
DoDAAC's account assignment table by
creating customer fund codes (CFCs) is/are
to:
7. The correct sequence of events for making c. Verify that the budget has come in from GFEBS, maintain the DoDAAC's account
budget available for execution is: assignment tables, and then communicate the CFCs to the Logisticians
11. A goods receipt for all materials on a b. Expense
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?
12. Monitoring obligations is an important d. All open Purchase Orders
part of monitoring budget execution. The
contents of the Obligation column on a non-
GCSS-Army Finance (Sustainment)
13. Which of the following causes an c. The Interfund Bill cannot be matched to a document in GCSS-Army
unmatched transaction?
14. An alphanumeric code created by d. Fund Identification Code
Finance in GFEBS that represents a mission
or operation, an external customer, or other
source of costs is known as ___ ?
15. Army supply depots, warehouses, supply c. Distribution Centers
support activities (SSAs) and the like that
furnish operating supplies and parts for
tactical equipment repairs to Army
organizations are known as ___?
cumulative status of funds report contains
which of the following?
1/2
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