SAGE IMPLEMENTATION STUDY
GUIDE EXAM QUESTIONS AND
ANSWERS
Cash basis - Answer-Accounting method based on recognizing revenue and expenses
when received or paid
User Defined Books - Answer-Custom books for reporting purposes
Cash Management Credit Cards - Answer-Credit cards used for cash management
Transaction allocations - Answer-Assigning amounts to dimensions in a transaction
Exact Amount - Answer-Allocating a specific amount to a dimension
Fixed amount with over/under logic - Answer-Allocating a fixed amount with adjustment
for over or under allocation
Dynamic allocations - Answer-Allocating amounts based on changing criteria
Enable accounting sequence - Answer-Assigning sequential numbers to transactions
Transaction allocations - Answer-Assigning amounts to dimensions in a transaction
Enable allocations - Answer-Enabling the use of allocations in specific applications
Accounts Payable - Answer-Tracking and managing money owed to vendors
Accounts Receivable - Answer-Tracking and managing money owed by customers
Order Entry - Answer-Process of accepting and processing customer orders
Purchasing - Answer-Process of buying goods or services
Dimensions - Answer-Categories or attributes used to classify data
Percentage - Answer-A proportion or share of a whole expressed as a percentage
Exact Amount - Answer-A specific and precise amount
, Fixed amount with over/under logic - Answer-A predetermined amount with adjustment
for over or under allocation
Dynamic allocations - Answer-Allocations based on changing criteria or conditions
GL - Answer-Abbreviation for General Ledger
AP - Answer-Abbreviation for Accounts Payable
AR - Answer-Abbreviation for Accounts Receivable
Management application - Answer-Software application for managing specific tasks or
processes
User Defined Books - Answer-Custom books for reporting purposes
Cash basis - Answer-Accounting method based on recognizing revenue and expenses
when received or paid
Accrual basis - Answer-Accounting method based on recognizing revenue and
expenses when earned or incurred
Transaction allocations - Answer-Assigning amounts to dimensions in a transaction
GL - Answer-Abbreviation for General Ledger
AP - Answer-Abbreviation for Accounts Payable
AR - Answer-Abbreviation for Accounts Receivable
Cash Management - Answer-Management of cash flow and liquidity
Accounts Payable - Answer-Tracking and managing money owed to vendors
Accounts Receivable - Answer-Tracking and managing money owed by customers
Transaction allocations - Answer-Assigning amounts to dimensions in a transaction
Percentage - Answer-A proportion or share of a whole expressed as a percentage
Exact Amount - Answer-A specific and precise amount
Fixed amount with over/under logic - Answer-A predetermined amount with adjustment
for over or under allocation
Dynamic allocations - Answer-Allocations based on changing criteria or conditions
GUIDE EXAM QUESTIONS AND
ANSWERS
Cash basis - Answer-Accounting method based on recognizing revenue and expenses
when received or paid
User Defined Books - Answer-Custom books for reporting purposes
Cash Management Credit Cards - Answer-Credit cards used for cash management
Transaction allocations - Answer-Assigning amounts to dimensions in a transaction
Exact Amount - Answer-Allocating a specific amount to a dimension
Fixed amount with over/under logic - Answer-Allocating a fixed amount with adjustment
for over or under allocation
Dynamic allocations - Answer-Allocating amounts based on changing criteria
Enable accounting sequence - Answer-Assigning sequential numbers to transactions
Transaction allocations - Answer-Assigning amounts to dimensions in a transaction
Enable allocations - Answer-Enabling the use of allocations in specific applications
Accounts Payable - Answer-Tracking and managing money owed to vendors
Accounts Receivable - Answer-Tracking and managing money owed by customers
Order Entry - Answer-Process of accepting and processing customer orders
Purchasing - Answer-Process of buying goods or services
Dimensions - Answer-Categories or attributes used to classify data
Percentage - Answer-A proportion or share of a whole expressed as a percentage
Exact Amount - Answer-A specific and precise amount
, Fixed amount with over/under logic - Answer-A predetermined amount with adjustment
for over or under allocation
Dynamic allocations - Answer-Allocations based on changing criteria or conditions
GL - Answer-Abbreviation for General Ledger
AP - Answer-Abbreviation for Accounts Payable
AR - Answer-Abbreviation for Accounts Receivable
Management application - Answer-Software application for managing specific tasks or
processes
User Defined Books - Answer-Custom books for reporting purposes
Cash basis - Answer-Accounting method based on recognizing revenue and expenses
when received or paid
Accrual basis - Answer-Accounting method based on recognizing revenue and
expenses when earned or incurred
Transaction allocations - Answer-Assigning amounts to dimensions in a transaction
GL - Answer-Abbreviation for General Ledger
AP - Answer-Abbreviation for Accounts Payable
AR - Answer-Abbreviation for Accounts Receivable
Cash Management - Answer-Management of cash flow and liquidity
Accounts Payable - Answer-Tracking and managing money owed to vendors
Accounts Receivable - Answer-Tracking and managing money owed by customers
Transaction allocations - Answer-Assigning amounts to dimensions in a transaction
Percentage - Answer-A proportion or share of a whole expressed as a percentage
Exact Amount - Answer-A specific and precise amount
Fixed amount with over/under logic - Answer-A predetermined amount with adjustment
for over or under allocation
Dynamic allocations - Answer-Allocations based on changing criteria or conditions
