SAGE INTACCT IMPLEMENTATION EXAM
ACTUAL EXAM ALL 73 QUESTIONS AND
CORRECT DETAILED SOLUTIONS
1. 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
2. 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
3. General Ledger: What does an entity translate to for transacting in
a mul-ti-entity shared environment?: Location
4. General Ledger: What would cause a JL journal entry to fail?: Modifying
template header titles
5. General Ledger: What do you enable to require approvals for all
transactions in a particular journal?: Journal Entry approvals
6. General Ledger: What records are used to track non financial data,
such as employee headcount or the number of members?: Statistical
Accounts
7. General Ledger: What process prevents entries and/or changes to a
ledger for a specific period?: Closing the books
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, 8. General Ledger: Which type of journal entry is used for posting to a
closed period?: Adjusting
9. 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
10. 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
11. Purchasing: What dimension represents goods or services
purchased from a vendor?: Item
12. Purchasing: How does the system determine what type of
transactions require aproval, what approvals are required, and the
sequence of approvals?-
: Approval Policies
13. Purchasing: What transaction definition setting requires at least one
deb-it/credit account pair defined?: Transaction Posting set to Accounts Payable
mailto:https://www.stuvia.com/user/Wisdoms
ACTUAL EXAM ALL 73 QUESTIONS AND
CORRECT DETAILED SOLUTIONS
1. 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
2. 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
3. General Ledger: What does an entity translate to for transacting in
a mul-ti-entity shared environment?: Location
4. General Ledger: What would cause a JL journal entry to fail?: Modifying
template header titles
5. General Ledger: What do you enable to require approvals for all
transactions in a particular journal?: Journal Entry approvals
6. General Ledger: What records are used to track non financial data,
such as employee headcount or the number of members?: Statistical
Accounts
7. General Ledger: What process prevents entries and/or changes to a
ledger for a specific period?: Closing the books
mailto:https://www.stuvia.com/user/Wisdoms
, 8. General Ledger: Which type of journal entry is used for posting to a
closed period?: Adjusting
9. 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
10. 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
11. Purchasing: What dimension represents goods or services
purchased from a vendor?: Item
12. Purchasing: How does the system determine what type of
transactions require aproval, what approvals are required, and the
sequence of approvals?-
: Approval Policies
13. Purchasing: What transaction definition setting requires at least one
deb-it/credit account pair defined?: Transaction Posting set to Accounts Payable
mailto:https://www.stuvia.com/user/Wisdoms
