The GMAT will require factorials in the context of Combination and Permutation problems. The way those formulas are set up to divide factorials before you actually calculate them.
For example:
8_C_3 = 8!/ [3!(8-3)!] = 8*7*6*5*4*3*2*1 / 3*2*1 * 5*4*3*2*1
Here the 5 through 1 factors in the numerator and denominator cancel to 1 leaving:
8*7*6 / 3*2*1
and the 3*2 in the denominator cancel the 6 factor in the numerator. That leaves simply 8*7, or 56.
I have lots of students who want to calculate 8! then divide it by 5! and 3! but canceling common factors in the numerator and denominator is WAY faster and less prone to error.
This is the manner in which factorials are tested on the GMAT.