GCSS-ARMY FINANCE (SUSTAINMENT) EXAM REVIEW SOLUTION GUIDE QUESTIONS AND ANSWERS

GCSS-ARMY FINANCE (SUSTAINMENT) EXAM REVIEW SOLUTION GUIDE QUESTIONS AND ANSWERS 1. Financial Management tasks that are carried out in GCSS-Army fall under which of the following categories: 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): 3. An organizational unit of responsibility where costs can accumulate and be reported is known as a(n): 4. True or False? The GCSS-Army term for an organization that is authorized to receive funding is known as the Fund Center. 5. Which of the following is an example of how Finance affects Spending Chain events? 6. The reason(s) for maintaining the DoDAAC's account assignment table by creating customer fund codes (CFCs) is/are to: 7. The correct sequence of events for making budget available for execution is: 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? 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? 13. Which of the following causes an unmatched transaction?