Page 27 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)

Check Your Understanding

1. Which posting process is typically in alignment with a company’s pay period?
a) Labor Cost Post
b) Billing & Revenue Post
c) Expense Report Cost Post

2. What Document Type filter is used to view the impact to the GL from the Paid
in Lieu Benefit Cost Post?
a) EC
b) LC
c) PILOB

3. What states the requirements that an employee receive a minimum hourly
value of health and welfare benefits?
a) GAAP
b) SCA
c) FAR

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

LESSON 3: INVOICING AND POSTING
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