Page 35 - Participant Guide ebook - Unanet GovCon Using General Ledger

APPENDIX A: CHECK YOUR UNDERSTANDING ANSWER KEY

Lesson 1: GENERAL LEDGER

1. What role(s) are needed to create, edit, save, and submit GL journal
entries, and to view GL reports?
a) GL Admin - This is an incorrect answer because this role cannot
create GL journal entries or view GL reports
b) GL Poster, GL Budget Manager, and GL Viewer - This is an
incorrect answer because the GL Budget Manager role cannot
create GL journal entries or view GL reports
c) GL User and GL Viewer - This is the correct answer because GL
User create, edit, save, and submit GL journal entries and GL
Viewer to view GL reports

2. What role(s) are needed to create and modify Organizations, Accounts,
and Fiscal years?
a) GL Admin - This is the correct answer because this role can create
and modify Organizations, Accounts, and Fiscal years
b) GL Poster, GL Budget Manager, and GL Viewer - This is an
incorrect answer because none of these roles can create and
modify Organizations, Accounts, and Fiscal years
c) GL User and GL Viewer - This is an incorrect answer because none
of these roles can create and modify Organizations, Accounts, and
Fiscal years

3. Which report presents posted transactions and balances at a summarized
level and can confirm DEBITS = CREDITS?
a) GL Summary (Trial Balance) - This is the correct answer because
a Trial Balance the posted Debit and Credit transactions
b) Balance Sheet - This is an incorrect answer because a Balance
Sheet presents the balances of Asset, Liability, and Equity
c) Income Statement - This is an incorrect answer because an Income
Statement presents the balances of Revenue and Expenses

APPENDIX A: CHECK YOUR UNDERSTANDING ANSWER KEY
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