Sage Intacct Implementation Exam
Questions With Complete Solutions
General Ledger: What rolls an account's ending balance, for each
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reporting period into the retained earnings accounts, effectively making
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the balance forward for the account zero? - CORRECT ANSWER✔✔-
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Non-closing accounts |
General Ledger: What GL configuration option prevents users from
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entering a journal entry or other transaction that does not balance for
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the current dimension? - CORRECT ANSWER✔✔-Enforce JE balancing
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General Ledger: What does an entity translate to for transacting in a
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multi-entity shared environment? - CORRECT ANSWER✔✔-Location
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General Ledger: What would cause a JL journal entry to fail? - CORRECT
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ANSWER✔✔-Modifying template header titles | | |
General Ledger: What do you enable to require approvals for all
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transactions in a particular journal? - CORRECT ANSWER✔✔-Journal
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Entry approvals
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, General Ledger: What records are used to track non financial data, such
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as employee headcount or the number of members? - CORRECT
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ANSWER✔✔-Statistical Accounts |
General Ledger: What process prevents entries and/or changes to a
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ledger for a specific period? - CORRECT ANSWER✔✔-Closing the books
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General Ledger: Which type of journal entry is used for posting to a
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closed period? - CORRECT ANSWER✔✔-Adjusting
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Purchasing: What enables to categorize items for the purpose of posting
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to specific GL Accounts when using Advanced Workflows in the
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purchasing application? - CORRECT ANSWER✔✔-Item GL Group
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Purchasing: PO for a certain qty of item, need to pay for lesser qty. What
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setting in the PO transaction definition controls how you would process
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this transaction? - CORRECT ANSWER✔✔-Partial Conversion Handling
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Purchasing: What dimension represents goods or services purchased
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from a vendor? - CORRECT ANSWER✔✔-Item
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Purchasing: How does the system determine what type of transactions
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require aproval, what approvals are required, and the sequence of
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approvals? - CORRECT ANSWER✔✔-Approval Policies
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Questions With Complete Solutions
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? - CORRECT ANSWER✔✔-
| | | | | | | | |
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? - CORRECT ANSWER✔✔-Enforce JE balancing
| | | | | | |
General Ledger: What does an entity translate to for transacting in a
| | | | | | | | | | | |
multi-entity shared environment? - CORRECT ANSWER✔✔-Location
| | | | |
General Ledger: What would cause a JL journal entry to fail? - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-Modifying template header titles | | |
General Ledger: What do you enable to require approvals for all
| | | | | | | | | | |
transactions in a particular journal? - CORRECT ANSWER✔✔-Journal
| | | | | | | |
Entry approvals
|
, General Ledger: What records are used to track non financial data, such
| | | | | | | | | | | |
as employee headcount or the number of members? - CORRECT
| | | | | | | | | |
ANSWER✔✔-Statistical Accounts |
General Ledger: What process prevents entries and/or changes to a
| | | | | | | | | |
ledger for a specific period? - CORRECT ANSWER✔✔-Closing the books
| | | | | | | | |
General Ledger: Which type of journal entry is used for posting to a
| | | | | | | | | | | | |
closed period? - CORRECT ANSWER✔✔-Adjusting
| | | |
Purchasing: What enables to categorize items for the purpose of posting
| | | | | | | | | |
to specific GL Accounts when using Advanced Workflows in the
| | | | | | | | | | |
purchasing application? - CORRECT ANSWER✔✔-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? - CORRECT ANSWER✔✔-Partial Conversion Handling
| | | | | |
Purchasing: What dimension represents goods or services purchased
| | | | | | | |
from a vendor? - CORRECT ANSWER✔✔-Item
| | | | |
Purchasing: How does the system determine what type of transactions
| | | | | | | | | |
require aproval, what approvals are required, and the sequence of
| | | | | | | | | |
approvals? - CORRECT ANSWER✔✔-Approval Policies
| | | |
