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NetSuite Financial User Certification Sample Questions:

1. Which are 2 elements unto to setting up financial sections in NetSuite financial report? (Choose 2)

A) Each financial section has its own header and summary row
B) formula rows calculate from the row immediately above
C) custom sections are restricted to one account type
D) Each section can be customized to have multiple account types

2. Which statement is true about recording customer payments?

A) Undeposited Funds is not necessary if all your customers pay by credit card.
B) Accept Customer Payment offsets Accounts Receivable posting
C) Electronic payments SuiteApp is required to record customer payments by credit card
D) Customer payments must match paid invoices 1:1

3. Where can invoices that have already been generated be seen from the sales order screen?

A) Next to each line item
B) Under related records
C) Under the billing tab, on the billing schedule
D) Click the bill remaining button

4. When entering a journal, which two boxes must be used to reverse the journal entry next month, so that the reversal is not created until then? (Choose Two)

A) Memo
B) Defer Entry
C) Pending Approval
D) Do Not Post Until
E) Reversal Date

5. What are two considerations for managing multiple fiscal calendars? (Choose 2)

A) Periods are created separately for each fiscal calendar
B) Periods are shared across fiscal calendars
C) A fiscal calendar can be used by multiple subsidiaries
D) a subsidiary can have multiple fiscal calendars without multi-book

Solutions: