FMO FINAL EXAM QUESTIONS AND CORRECT ANSWERS

FMO FINAL EXAM QUESTIONS AND CORRECT
ANSWERS
Planning Stage of Creating Announcements - CORRECT ANSWERS Creating and funding
financial accounts are typically done in what stage?



What is the Financial Management Officer responsible for? - CORRECT
ANSWERS Creating, managing, deleting, and funding Financial Accounts in
GrantSolutions.



What are External Accounting Systems? - CORRECT ANSWERS Accounting systems used by
Partners that interact with GrantSolutions.



Do external accounting systems vary by partner? - CORRECT ANSWERS Yes



Financial Accounts or Common Account Numbers (CANs) - CORRECT ANSWERS Program
Office monies are tracked through "bank accounts" called what?



Financial Accounts - CORRECT ANSWERS These are used to commit, obligate, and de-
obligate funds.



Manage Funds Planning - CORRECT ANSWERS After you create a financial account or CAN,
you can add money into it by clicking what submenu option?



An internal accounting system used to track funds in GrantSolutions (similar to a checkbook
ledger) - CORRECT ANSWERS Mange Funds Planning is like what?