Page 40 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)

Questions Answers
Balance Sheet - What is the amount for Total Assets?
Balance Sheet – What is the amount for Total
Liabilities and Stockholders’ Equity?
Balance Sheet – Do Assets = Liabilities + Equity? YES or NO

Income Statement

Navigate: Reports > Dashboard > Financials > General Ledger > Income Statement

Activity for all Revenue and Expense account types formatted as an Income Statement
through a specific Fiscal Period. The report will display an account tree structure with all
accounts that have charges posted to the General Ledger.

Activity 5.2 Income Statement
Login as Glenda Manager (GL Manager) – glmanager / welcome

Activity Steps
1. Navigate: Reports > Dashboard > Financials > General Ledger > Income
Statement

2. Run the Income Statement using the following criteria:

FISCAL PERIOD Closing Fiscal Period
COLUMN OPTIONS Period-To-Date (PYD) and Year-To-Date
(YTD) Actuals
COMPARISON COLUMN OPTIONS Compare Actuals to Previous Year Actuals

3. View the report to answer the following questions:

Questions Answers
Income Statement – What is the amount for Total
Revenue for PTD?
Income Statement – What are the 4 main categories
of Indirect Expenses?
Income Statement – What is the amount for Total Net
Income/Loss for YTD?

LESSON 5: GENERATE FINANCIAL STATEMENTS
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