Sage Intacct UPDATED ACTUAL QUESTIONS AND CORRECT
Answers
Sage Intacct Implementer Exam EXAM COVERAGE - Implementing Sage Intacct
The Implementing Sage Intacct exam evaluates knowledge and practical skills
required to successfully configure and deploy the Sage Intacct cloud financial
management system. Key topics include general ledger setup, chart of
accounts design, and financial dimensions configuration to meet organizational
reporting requirements.
The exam covers accounts payable and receivable processes, cash
management, order management, multi-entity and multi-currency
configurations, as well as budgeting, reporting, dashboards, and key
performance metrics. Candidates are tested on user roles and permissions,
workflow automation, system security, and maintaining data integrity during
migration.
True or False: Sub-accounts are included in the main GL False - sub-accounts provide a longer, more distinguishable GL account
account for reporting. number. Sub-accounts do not 'roll-up' to any other GL account for reporting.
What dimension status does NOT allow the dimension B & C - active non-posting and inactive cannot be used when creating
to be used in a transaction? (select all that apply). transactions. However, for reporting, both active and active non-posting can
be used. Inactive is not including in transactions or reporting.
A. Active
B. Active non-posting
C. Inactive
True or False: A company's fiscal year can be different True - fiscal year can be set to specific months according to company
from the calendar year structure. Does not have to align with conventional calendar year format of Jan
- Dec.
Which type of user can have administrative privileges? A. Business User
a. Business
b. Employee
c. Project Manager
d. Platform
How can you use the employee dimension? (select all B & C - you cannot assign permissions to employees. Permissions can only be
that apply) assigned to users. Also, employees are not granted login access to Sage
Intacct, this is only for users.
a. employees log in to Sage Intacct
b. Assign employees as department managers
c. transactions can be coded to employees
d. assign permissions to employees
True or False: You can assign multiple roles to a user True - users may be assigned as many roles as needed.
, How do you configure the User entities tab of the user A. Do not select any entities. It is advised not to specify all entities for granting
to grant access to all existing entities? users access to all entities, instead if no entities are selected for a user, they are
consider unrestricted and will have visibility to all entities and top-level.
a. do not select any entities
b. select each existing entity
c. select enable access to top-level
True or False: A Location can be assigned to multiple False - a location can be assigned to another location or a single entity, not
entities multiple.
True or False: When you post a transaction to the False - journal entries do not create items in subledgers. Only transactions
Accounts Payable Journal, the transaction also posts to entered in subledgers will create journal entries by default in specified GL
the Accounts Payable application. journals.
How do you post a journal entry to a closed period? B. Post an adjusting journal entry - only adjusting journal entries can be posted
to closed periods. If the period is also locked, no entries (including
a. assign permissions to post journal entries to closed adjustments) can be posted.
periods
b. post an adjusting journal entry
c. you cannot post entries to a closed period
What are the characteristics of a deleted journal entry? A. does not appear in the audit trail.
a. does not appear in the audit trail
b. can be recovered from trash bin and posted
c. creates an offset transaction so the 2 transactions net
to zero.
You try to add a transaction for the express bank credit A - credit card expiration date is in the past.
card, but that credit card does not show in the drop-
down menu. What could cause this? Note:
- expired credit cards cannot be used in transactions.
a. credit card expiration date is in the past - permissions cannot be assigned to individual credit cards
b. you do not have permission to that credit card - credit cards must have a vendor, but the vendor is selected when the credit
c. the credit card needs a vendor assigned. card is set up (would not cause this issue).
True or False: Each bank account must have a unique True - one GL account per bank account.
General Ledger Account.
You create a new bank account that needs to be B - on the bank account restrictions tab, select the locations/entities where you
available to 3 of your 4 entities. How can you do this? want to use the account. If you do not see the restrictions tab, go to Multi-
Entity Mgmt configuration and enable restrictions for checking accounts and
a. on the bank account restrictions tab, restrict to top saving accounts.
level only.
b. on the bank account restrictions tab, select the
locations/entities where you want to use the account.
c. on the entities, assign the bank accounts.
d. on the Multi-entity management configuration, assign
the bank accounts.
Answers
Sage Intacct Implementer Exam EXAM COVERAGE - Implementing Sage Intacct
The Implementing Sage Intacct exam evaluates knowledge and practical skills
required to successfully configure and deploy the Sage Intacct cloud financial
management system. Key topics include general ledger setup, chart of
accounts design, and financial dimensions configuration to meet organizational
reporting requirements.
The exam covers accounts payable and receivable processes, cash
management, order management, multi-entity and multi-currency
configurations, as well as budgeting, reporting, dashboards, and key
performance metrics. Candidates are tested on user roles and permissions,
workflow automation, system security, and maintaining data integrity during
migration.
True or False: Sub-accounts are included in the main GL False - sub-accounts provide a longer, more distinguishable GL account
account for reporting. number. Sub-accounts do not 'roll-up' to any other GL account for reporting.
What dimension status does NOT allow the dimension B & C - active non-posting and inactive cannot be used when creating
to be used in a transaction? (select all that apply). transactions. However, for reporting, both active and active non-posting can
be used. Inactive is not including in transactions or reporting.
A. Active
B. Active non-posting
C. Inactive
True or False: A company's fiscal year can be different True - fiscal year can be set to specific months according to company
from the calendar year structure. Does not have to align with conventional calendar year format of Jan
- Dec.
Which type of user can have administrative privileges? A. Business User
a. Business
b. Employee
c. Project Manager
d. Platform
How can you use the employee dimension? (select all B & C - you cannot assign permissions to employees. Permissions can only be
that apply) assigned to users. Also, employees are not granted login access to Sage
Intacct, this is only for users.
a. employees log in to Sage Intacct
b. Assign employees as department managers
c. transactions can be coded to employees
d. assign permissions to employees
True or False: You can assign multiple roles to a user True - users may be assigned as many roles as needed.
, How do you configure the User entities tab of the user A. Do not select any entities. It is advised not to specify all entities for granting
to grant access to all existing entities? users access to all entities, instead if no entities are selected for a user, they are
consider unrestricted and will have visibility to all entities and top-level.
a. do not select any entities
b. select each existing entity
c. select enable access to top-level
True or False: A Location can be assigned to multiple False - a location can be assigned to another location or a single entity, not
entities multiple.
True or False: When you post a transaction to the False - journal entries do not create items in subledgers. Only transactions
Accounts Payable Journal, the transaction also posts to entered in subledgers will create journal entries by default in specified GL
the Accounts Payable application. journals.
How do you post a journal entry to a closed period? B. Post an adjusting journal entry - only adjusting journal entries can be posted
to closed periods. If the period is also locked, no entries (including
a. assign permissions to post journal entries to closed adjustments) can be posted.
periods
b. post an adjusting journal entry
c. you cannot post entries to a closed period
What are the characteristics of a deleted journal entry? A. does not appear in the audit trail.
a. does not appear in the audit trail
b. can be recovered from trash bin and posted
c. creates an offset transaction so the 2 transactions net
to zero.
You try to add a transaction for the express bank credit A - credit card expiration date is in the past.
card, but that credit card does not show in the drop-
down menu. What could cause this? Note:
- expired credit cards cannot be used in transactions.
a. credit card expiration date is in the past - permissions cannot be assigned to individual credit cards
b. you do not have permission to that credit card - credit cards must have a vendor, but the vendor is selected when the credit
c. the credit card needs a vendor assigned. card is set up (would not cause this issue).
True or False: Each bank account must have a unique True - one GL account per bank account.
General Ledger Account.
You create a new bank account that needs to be B - on the bank account restrictions tab, select the locations/entities where you
available to 3 of your 4 entities. How can you do this? want to use the account. If you do not see the restrictions tab, go to Multi-
Entity Mgmt configuration and enable restrictions for checking accounts and
a. on the bank account restrictions tab, restrict to top saving accounts.
level only.
b. on the bank account restrictions tab, select the
locations/entities where you want to use the account.
c. on the entities, assign the bank accounts.
d. on the Multi-entity management configuration, assign
the bank accounts.
