GCSS-ARMY FINANCE (SUSTAINMENT) QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS 100% CORRECT!!!

GCSS-ARMY FINANCE (SUSTAINMENT)
QUESTIONS AND ANSWERS WITH
VERIFIED SOLUTIONS 100%
CORRECT!!!
GCSS-Army Financial Management Study Guide
General Financial Management Concepts
1. Financial management tasks performed in GCSS-Army fall under which
categories?
✔ D. All of the above

2. What term describes the amount of an order, contract, or service that legally
reserves a specific portion of funds for future expenditure?
✔ B. Obligation

3. In GCSS-Army, what is an organizational unit responsible for accumulating and
reporting costs?
✔ A. Funds Center

4. True or False: A Fund Center is an organization authorized to receive funding.
✔ A. True

Spending Chain & Budget Execution
5. How does Finance impact Spending Chain events?
✔ B. Finance ensures that budget is available for purchase requisitions

6. Why is it necessary to maintain a DoDAAC’s account assignment table by
creating Customer Fund Codes (CFCs)?
✔ D. All of the above

7. What is the correct sequence of events for making a budget available for
execution?
✔ C. Verify budget entry from GFEBS → Maintain DoDAAC account assignment
tables → Communicate CFCs to logisticians