GCSS-Army Finance (Sustainment)
Questions and Answers 100% Pass
1. Financial Management tasks that are carried out in GCSS-Army fall under which of the
following categories: ✔✔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): ✔✔b. Obligation
3. An organizational unit of responsibility where costs can accumulate and be reported is known
as a(n): ✔✔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. ✔✔a. True
5. Which of the following is an example of how Finance affects Spending Chain events? ✔✔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: ✔✔d. All of the above
7. The correct sequence of events for making budget available for execution is: ✔✔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 GCSS-Army. The
amount of the PO now appears in which column on a non-cumulative status of funds report? ✔✔b.
Expense
Questions and Answers 100% Pass
1. Financial Management tasks that are carried out in GCSS-Army fall under which of the
following categories: ✔✔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): ✔✔b. Obligation
3. An organizational unit of responsibility where costs can accumulate and be reported is known
as a(n): ✔✔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. ✔✔a. True
5. Which of the following is an example of how Finance affects Spending Chain events? ✔✔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: ✔✔d. All of the above
7. The correct sequence of events for making budget available for execution is: ✔✔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 GCSS-Army. The
amount of the PO now appears in which column on a non-cumulative status of funds report? ✔✔b.
Expense
