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GCSS-Finance Quizzes Answers 2023/2024: Understanding Financial Management in GCSS-Army, Exams of Nursing

The answers to various quiz questions related to financial management tasks carried out in gcss-army. Topics covered include the conversion of reservations to prs, cost centers, fund centers, and the sequence of events for making budget available for execution. Useful for students and professionals looking to understand the financial aspects of gcss-army.

Typology: Exams

2023/2024

Available from 04/02/2024

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Download GCSS-Finance Quizzes Answers 2023/2024: Understanding Financial Management in GCSS-Army and more Exams Nursing in PDF only on Docsity! 1 GCSS-Finance Sustainment (Quizzes well Answered)2023/2024 Latest Update. Assured Success(A+) 1. Financial Management tasks that are carried out in GCSS-Army fall under which of the following categories: - Correct answer d. All of the Above 2. MRP automatically converts _________ to _________ - Correct answer c. Reservations, PRs 3. An organizational unit of responsibility where costs can accumulate and be reported is known as a(n): - Correct answer b. Cost Center 4. True or False? The GCSS-Army term for an organization that is authorized to receive funding is known as the Fund Center - Correct answer a. True 5. Which of the following is an example of how Finance affects Spending Chain events? - Correct answer 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: - Correct answer d. All of the Above 7. The correct sequence of events for making budget available for execution is: - Correct answer c. Verify that the budget has come in from GFEBS, maintain the DoDAAC's account assignment tables, and then communicate the CCs to the Logisticians Page 1 of 2
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