Page 12 - UNANET GOVCON: CLOSING A FISCAL PERIOD

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 been 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

4. What is used in Unanet to prevent further postings in the current fiscal period?
a) Close Posting Features
b) Post transactions
c) Change Posting Options

5. What are the column names in the GL Summary (Trial Balance) report?
a) Account, Beginning Balance, Debit Activity, Credit Activity, Ending Balance
b) Asset, Liability, Revenue, Expense
c) Account, Days Past Due, Total

6. In the GL Details report, which Source code (Src) represents transactions from
posting Vendor Invoices?
a) VI
b) VP
c) CI

LESSON 1: FISCAL PERIOD CLOSE PROCESS Page 12
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