Page 63 - UNANET GOVCON: CLOSING A FISCAL PERIOD

b) SCA - The McNamara-O’Hara Service Contract Act (SCA) - This is the
correct response because it states the requirements that an employee receive
a minimum hourly value of health and welfare benefits. If the employer does
not provide any health and welfare benefits, or the benefits provided do not
meet the minimum value, the employer is obligated to provide pay in lieu of
benefits
c) FAR - This is an incorrect response because FAR stands for Federal
Acquisition Regulations

4. What is the purpose of the Locked/Extracted document status in Unanet?
a) Timesheets and expense reports to be saved - This is an incorrect response
because Saved documents are not ready for posting.
b) Timesheets and expense reports to be approved - This is an incorrect
response because Approval is the step that precedes a document becoming
Locked/Extracted.
c) Timesheets and expense reports to be included in posting processes -
This is the correct response because This status signifies that a document
has been finalized and approved, making it eligible to be picked up by the
financial 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 - This is the
correct response because This process takes the cost data from finalized
expense reports and creates the corresponding journal entries in the general
ledger.
b) To create journal entry transactions for timesheet costs - This is an incorrect
response because This is done by the Labor Cost Post.
c) To create journal entry transactions for revenue - This is an incorrect
response because This is done by the Billing & Revenue Post.

6. In the GL Details report, which Source code (Src) represents transactions from the
Expense Report Cost Post?
a) LC - This is an incorrect response because This represents the Labor Cost
Post.
b) EC - This is the correct response because “EC" is the standard Unanet
source code for transactions originating from an Expense Report Cost Post.
c) FA - This is an incorrect response because This represents the Fixed Asset
Post.

APPENDIX A: ANSWER KEY Page 63
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