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NetSuite Financial User Certification Sample Questions:

1. What is the simplest way to post incurred bank fees while using the Reconcile Bank Statement page?

A) Post a Journal Entry
B) Use the New Charges subtab
C) Post a Write Check transaction
D) Use the New Deposits subtab

2. How are fiscal calendars used by subsidiaries?

A) Parent-Child subsidiaries must use the same fiscal calendar
B) Each period may be closed separately in each subsidiary.
C) Each subsidiary may use its own fiscal calendar.
D) Each period must be locked in each subsidiary separately.

3. Which expense allocation use case requires the use of statistical accounts

A) Division of recruiting based on headcount
B) Predefined split of marketing costs among sales channels
C) Static division of rent based on location
D) Even 50/50 split of receptionist salary based on department

4. Which two statements are true about vendors and multicurrency (choose 2)

A) the currency on the purchase order can be changed at the point when purchase order is billed
B) currencies must be added to the Vendor before being used on transaction
C) the primary currency is used for the credit limit
D) to remove a currency from a vendor, you must first close any open transactions in that currency
E) vendors can have up to 5 currencies

5. Which three steps are required to prevent someone from accessing some accounts but not others?

A) Use the NetSuite default standard role
B) Customize the role to restrict access by segment
C) Designate Department | Class | Location on the account
D) Tag the Employee record to Department | Class | Location
E) Assign a Currency to the account

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