Page 55 - UNANET GOVCON: CLOSING A FISCAL PERIOD

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 fee
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

4. Which role creates Cost Report Definitions to be selected for the Project Cost
Summary (JSR) Report in Unanet?
a) System Administrator
b) GL Admin
c) Project Manager

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

LESSON 6: RECONCILIATIONS Page 55
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