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NetSuite Financial User Certification Sample Questions:

1. Which statement is true about budgets in NetSuite?

A) Multiple budgets can be created for the same year and criteria
B) budgets can only be created for income and expense accounts
C) budgets must be entered manually
D) budgets hold setting for expenses will prevent overspending

2. Which statement is true about inter-company journal entries?

A) Minimum of four lines
B) maximum of six lines
C) used to log intercompany eliminations
D) balance within each subsidiary, they need not balance between subsidiaries

3. which 2 record types can be applied to customer payment (choose 2)

A) credit memo
B) refund
C) cash sales
D) customer deposit

4. Which Two accounts have dedicated reconciliation page in NS?

A) Sales Tax Liability
B) Credit Card
C) Bank
D) Fixed Asset

5. Which two account types can be used to Pay Vendor Bills? (Choose two)

A) Non-Posting
B) Expense
C) Asset
D) Credit Card
E) Bank

Solutions: