Page 51 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)

Check Your Understanding

1. What could be a direct result of performing a bank reconciliation?
a) The need to record an adjusting journal entry to record a bank service
fees
b) The need to perform the Fixed Asset Post
c) The need to perform the Intercompany Post

2. For a Bank Reconciliation Report to be considered fully reconciled for the
period, what do the Unreconciled Balances PER BANK and PER GL both
need to be?
a) Offset – positive/negative
b) Negative
c) Zero

3. The Project Cost Summary (JSR) Report can be used to show a summary of
all costs and revenue of projects for a period of time. What defines the
specific data and rows that are included in the output of the report?
a) Cost Report definition created by the GL Viewer
b) Cost Report definition created by the Administrator
c) There is no report feature that determines the specific data and rows in
the output of the report

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

LESSON 6: RECONCILIATIONS
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