Page 29 - UNANET GOVCON: CLOSING A FISCAL PERIOD

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

4. What is the purpose of the Locked/Extracted document status in Unanet?
a) Timesheets and expense reports to be saved
b) Timesheets and expense reports to be approved
c) Timesheets and expense reports to be included in posting processes

5. In Unanet, what is the purpose of performing the Expense Report Cost Post for the
fiscal period?
a) To create journal entry transactions for expense report costs
b) To create journal entry transactions for timesheet costs
c) To create journal entry transactions for revenue

6. In the GL Details report, which Source code (Src) represents transactions from the
Expense Report Cost Post?
a) LC
b) EC
c) FA

LESSON 3: INVOICING AND POSTING Page 29
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