Sage Intacct Implementation Exam 2024 |
Implementing Sage Intacct Exam Update
Latest 2024 Questions and Correct
Answers Rated A+
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? -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? -ANSWER-Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a
multi-entity shared environment? -ANSWER-Location
General Ledger: What would cause a JL journal entry to fail? -
ANSWER-Modifying template header titles
General Ledger: What do you enable to require approvals for all
transactions in a particular journal? -ANSWER-Journal Entry
approvals
General Ledger: What records are used to track non financial data,
such as employee headcount or the number of members? -ANSWER-
Statistical Accounts
General Ledger: What process prevents entries and/or changes to a
ledger for a specific period? -ANSWER-Closing the books
, General Ledger: Which type of journal entry is used for posting to a
closed period? -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? -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? -ANSWER-Partial Conversion Handling
Purchasing: What dimension represents goods or services purchased
from a vendor? -ANSWER-Item
Purchasing: How does the system determine what type of transactions
require aproval, what approvals are required, and the sequence of
approvals? -ANSWER-Approval Policies
Purchasing: What transaction definition setting requires at least one
debit/credit account pair defined? -ANSWER-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? -ANSWER-Statement
Accounts Receivables: What transaction type decreases the amount a
customer owes you? -ANSWER-Credit memo
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