Page 66 - UNANET GOVCON: CLOSING A FISCAL PERIOD

c) Accounts Receivable - This is an incorrect response because This account
tracks money owed by customers.

5. What is the purpose of performing the Fixed Asset Post (FA) in Unanet?
a) To create journal entry transactions for revenue - This is an incorrect
response because This is handled by the Billing and Revenue Post.
b) To create journal entry transactions for depreciation expense - This is
the correct response because This process calculates the depreciation for the
period on assets in the system and creates the necessary journal entry to
record depreciation expense and accumulated depreciation.
c) To create journal entry transactions for timesheets - This is an incorrect
response because This is handled by the Labor Cost Post.

6. What is the purpose of the Cost Pool Calculation in Unanet?
a) To calculate the Actual Indirect Rates for a fiscal period - This is the
correct response because This process allocates all pooled indirect costs
across the appropriate allocation bases (like direct labor or total costs) to
compute the final, actual indirect rates for the period.
b) To calculate the Provisional Indirect Rates for a fiscal period - This is an
incorrect response because Provisional rates are forward-looking estimates
set up manually.
c) To calculate the Actual Direct Rates for a fiscal period - This is an incorrect
response because Direct costs are charged directly to projects and do not
have "rates" in this context.

7. Where are the Indirect Rates located in Unanet?
a) Financials > Set up> Cost Elements - This is an incorrect response because
Cost Elements define the types of costs, but the rate structure is located
elsewhere.
b) Admin > Set up> Cost Structure - This is the correct response because The
entire framework for indirect cost allocation, including pools, bases, and the
rates themselves, is configured under the Cost Structure menu in the Admin
section.
c) Financials > Indirect Rates - This is an incorrect response because This is not
a valid menu path in Unanet.

APPENDIX A: ANSWER KEY Page 66
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