Sage Intacct Implementation Exam Questions
And Correct Answers
General Ledger: What rolls an account's ending balance, for each reporting
period into the retained earnings accounts, effectively making the balance
forward for the account zero?
Non-closing accounts
General Ledger: What GL configuration option prevents users from entering a
journal entry or other transaction that does not balance for the current
dimension?
Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity
shared environment?
Location
General Ledger: What would cause a JL journal entry to fail?
Modifying template header titles
,General Ledger: What do you enable to require approvals for all transactions in
a particular journal?
Journal Entry approvals
General Ledger: What records are used to track non financial data, such as
employee headcount or the number of members?
Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a
specific period?
Closing the books
General Ledger: Which type of journal entry is used for posting to a closed
period?
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to
specific GL Accounts when using Advanced Workflows in the purchasing
application?
Item GL Group
, Purchasing: PO for a certain qty of item, need to pay for lesser qty. What setting
in the PO transaction definition controls how you would process this transaction?
Partial Conversion Handling
Purchasing: What dimension represents goods or services purchased from a
vendor?
Item
Purchasing: How does the system determine what type of transactions require
approval, what approvals are required, and the sequence of approvals?
Approval Policies
Purchasing: What transaction definition setting requires at least one
debit/credit account pair defined?
Transaction Posting set to Accounts Payable
Accounts Receivables: What Would You View To See All Of The Following
Information: Customer Aging Info, Amount Due And Amount Paid, And Total
Payments Received?
And Correct Answers
General Ledger: What rolls an account's ending balance, for each reporting
period into the retained earnings accounts, effectively making the balance
forward for the account zero?
Non-closing accounts
General Ledger: What GL configuration option prevents users from entering a
journal entry or other transaction that does not balance for the current
dimension?
Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity
shared environment?
Location
General Ledger: What would cause a JL journal entry to fail?
Modifying template header titles
,General Ledger: What do you enable to require approvals for all transactions in
a particular journal?
Journal Entry approvals
General Ledger: What records are used to track non financial data, such as
employee headcount or the number of members?
Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a
specific period?
Closing the books
General Ledger: Which type of journal entry is used for posting to a closed
period?
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to
specific GL Accounts when using Advanced Workflows in the purchasing
application?
Item GL Group
, Purchasing: PO for a certain qty of item, need to pay for lesser qty. What setting
in the PO transaction definition controls how you would process this transaction?
Partial Conversion Handling
Purchasing: What dimension represents goods or services purchased from a
vendor?
Item
Purchasing: How does the system determine what type of transactions require
approval, what approvals are required, and the sequence of approvals?
Approval Policies
Purchasing: What transaction definition setting requires at least one
debit/credit account pair defined?
Transaction Posting set to Accounts Payable
Accounts Receivables: What Would You View To See All Of The Following
Information: Customer Aging Info, Amount Due And Amount Paid, And Total
Payments Received?
