Page 37 - UNANET GOVCON: CLOSING A FISCAL PERIOD

Questions Answers
What is the Indirect Rate calculated for the
Cost Pool of Fringe Client Site?

What is the Indirect Rate calculated for the
Cost Pool of Overhead Client Site?

What is the Indirect Rate calculated for the
Cost Pool of G&A?

Which Cost Pools are set to have the
Actual Indirect Rates updated in the Cost
Structure (UPDATE RATES)?

Which Cost Pool is the only one to be
Posted to the GL? (POST TO GL)

5. Click Back to Cost Pool Calculation List

View Statement of Indirect Rates

To analyze the calculation of the company’s indirect rates, view The Statement of
Indirect Rates report. The Statement of Indirect Rates shows the expenses incurred
during a fiscal year, how they were allocated, and details of the indirect rate
calculations. Summary and Details can be viewed in the Cost Pool List or GL Admin has
access to run this report from the Reports Dashboard.

Activity 4.5 Review Statement of Indirect Rates
Login as Glenda Manager (GL Manager) – glmanager

Activity Steps:
1. From the Cost Pool Calculation List, View (use scroll icon) the Statement of
Indirect Rates

2. View the report. Are the Indirect Rates the same as the previous activity for all:
• FRINGE CLIENT SITE?
• OVERHEAD CLIENT SITE? YES or NO
• G&A?
3. Select Close

OPTIONAL: Navigate: Reports > Dashboard > Financials > General Ledger > Statement of
Indirect Rates. Then Run Statement of Indirect Rates on the Standard COST POOL GROUP for
the Closing Fiscal Period.

LESSON 4: GENERAL LEDGER Page 37
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