Docsity
Log inSign up
Docsity
Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity

Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips
Guidelines and tips
Sell on Docsity
Sell on Docsity
Log inSign up

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search Store documents

The best documents sold by students who completed their studies

Search through all study resources
Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents
download point icon20 Points

For each uploaded document

Answer questions
download point icon5 Points

For each given answer (max 1 per day)

All the ways to get free points
Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

From our blog

Exams and Study
Go to the blog

NetSuite Financial User Certification: Questions and Answers, Exams of Computer Applications

Computer Technologies Program (CTP)Computer Applications

A comprehensive set of questions and answers related to the netsuite financial user certification. It covers a wide range of topics, including the maximum number of subsidiaries that can be linked to a bank account, the types of financial statements, the maximum number of locations allowed, the number of standard kpis, the process of accepting payments at the top-level customer, the different ways to close a period, the characteristics of summary accounts, the types of inventory-related transactions that post to cogs, the different types of budgets, and the process of reopening a closed period, among other relevant financial management concepts in the netsuite platform. This document can be a valuable resource for individuals preparing for the netsuite financial user certification exam or seeking to deepen their understanding of netsuite's financial management capabilities.

Typology: Exams

2023/2024

Available from 08/13/2024

Examproff
Examproff 🇺🇸

1

(1)

6K documents

1 / 3

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
NetSuite Financial User Certification
Questions and Answers
1 - ANS-How many subsidiaries can a bank account be linked to?
125 - ANS-max number of subs (new)
3 types of financial statements - ANS-Balance Sheet, Income Statement, Statement of
Cash Flows
50 - ANS-max # of locations allowed
75 - ANS-# of standard KPIs
Accept Payment at Top Level Customer - ANS-customer may pay bills of subcustomers
Account Type - ANS-How does NS group/categorize accounts?
Advanced Payment - ANS-What must be enabled to accept customer deposits?
Auto-apply - ANS-Credit is applied to oldest vendor bill
Automatic, Manual - ANS-2 ways a period can be closed
Balance - ANS-In NS, JE must always ____
Bill - ANS-This can be created without a PO
Bill Sales Order, Sales Order - ANS-2 ways to bill sales order: from the _____ page,
and the ____
Charge Based - ANS-Billing schedule that includes billing rates
Close - ANS-Last task in the close period checklist
Department - ANS-Usually assigned to teams
Deposit - ANS-Customer pre-payment
Electronic Invoicing Suite App - ANS-create e-invoices to comply/automate order to
cash process
elimination subsidiary - ANS-where you balance out consolidation
pf3

Partial preview of the text

Download NetSuite Financial User Certification: Questions and Answers and more Exams Computer Applications in PDF only on Docsity!

NetSuite Financial User Certification

Questions and Answers

1 - ANS-How many subsidiaries can a bank account be linked to? 125 - ANS-max number of subs (new) 3 types of financial statements - ANS-Balance Sheet, Income Statement, Statement of Cash Flows 50 - ANS-max # of locations allowed 75 - ANS-# of standard KPIs Accept Payment at Top Level Customer - ANS-customer may pay bills of subcustomers Account Type - ANS-How does NS group/categorize accounts? Advanced Payment - ANS-What must be enabled to accept customer deposits? Auto-apply - ANS-Credit is applied to oldest vendor bill Automatic, Manual - ANS-2 ways a period can be closed Balance - ANS-In NS, JE must always ____ Bill - ANS-This can be created without a PO Bill Sales Order, Sales Order - ANS-2 ways to bill sales order: from the _____ page, and the ____ Charge Based - ANS-Billing schedule that includes billing rates Close - ANS-Last task in the close period checklist Department - ANS-Usually assigned to teams Deposit - ANS-Customer pre-payment Electronic Invoicing Suite App - ANS-create e-invoices to comply/automate order to cash process elimination subsidiary - ANS-where you balance out consolidation

Expense allocation - ANS-Automatic process of dividing overhead False - ANS-T/F: Subcustomers have to transact in the same currency as the parent Fixed Bid Milestone - ANS-Billing Schedule that triggers billing as tasks in project are completed Fulfillment - ANS-When do SOs have a GL impact? GL, AR, AP - ANS-What does Lock All lock? (3) Inactive, non-posting - ANS-2 characteristics of summary accounts Invoice - ANS-Record of a sale to a customer Item fulfillment, standalone invoices - ANS-2 types of inventory related transactions that post to COGS Item Receipt - ANS-When does a PO have a GL Impact? Justification - ANS-needs to be provided to reopen a period Local, Global - ANS-Two types of budgets Multiple budgets - ANS-Must be enabled to have more than one budget No - ANS-Can subsidiaries be deleted after they have been created Original - ANS-Reverse JEs are linked to ____ Overlap - ANS-You can have unlimited budgets, but they can't ____ Periods - ANS-(financial reporting) ____ are shared between subsidiaries Quarter - ANS-Closing all periods closes the Reopen - ANS-How do you post to a closed period? Sales Order - ANS-1st step in A/R process Subsidiary - ANS-separate legal entity Time and Material - ANS-Billing schedule that's based on actual costs Voided - ANS-When a check is _____, the amount is set to 0