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NetSuite Financial User Certification Sample Questions:

1. Which two statements are true about budgets in NetSuite? (Choose two.)

A) Budgets can use statistical accounts
B) Budgets set to "Enforce" prevent overspending.
C) Local budget amounts may fluctuate when consolidated to parent subsidiary view.
D) Global budget amounts may fluctuate when viewed in root parent currency.

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

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

3. What account is used when you want to accumulate all customer payments to make a consolidated deposit at the end of a given day?
Undeposited accounts
Which statement is true about Customer Deposits?

A) Customer Deposits must be created from a Sales Order.
B) Customer Deposits are recorded as a liability.
C) Customer Deposits post to Accounts Receivable.
D) Customer Deposits can be linked to an unapproved Sales Order.

4. Which 3 statements are true about parent accounts in NetSuite (choose 3)?

A) parent accounts can be posting or not posting
B) checking the summary box allows the posting of reversing journal entries to this account
C) child accounts are created by setting the subaccount of field
D) parent accounts are created by setting the "parent of" field
E) checking the summary box on the account record prevents anyone from posting activity to the account

5. What is the simplest way to post interest accrued while using the Reconcile Bank Statement page?

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

Solutions: