Page 12 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)

Check Your Understanding

1. Which system area needs to be configured prior to any financial transactions
being processed?
a) Budget Profiles
b) Customer Organizations
c) Fiscal Years (Periods)

2. What filter does the GL Details report provide the ability to filter on to view
transactions which affect the General Ledger?
a) Document Type
b) Person
c) There is no unique filter in the GL Details report

3. What report can help analyze the transactions and balances that have posted
and identify omissions of amounts not posted to the General Ledger at a
summarized level and can confirm DEBITS = CREDITS?
a) GL Details
b) GL Summary (Trial Balance)
c) Balance Sheet

Refer to Appendix A for answers to the Check Your Understanding questions

LESSON 1: FISCAL PERIOD CLOSE PROCESS
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