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NetSuite Financial User Certification Sample Questions:

1. Which two boxes must be used to reverse the journal entry next month (choose 2)

A) Defer entry
B) memo
C) do not post until
D) Reversal date
E) pending approval

2. Bank accounts interact with subsidiaries?

A) can be linked up to 2 subsidiaries
B) Must be linked with 1 subsidiary
C) can be linked with no limit to multiple subsidiary
D) can be linked with any number of subsidiaries in parent: child relationship

3. How can the financial reports be kept separate when tracking finances for two wholly owned but distinct legal entities in one NetSuite account?

A) use subsidiaries
B) use classes
C) use separate fiscal calendars
D) use the multi-book accounting feature

4. Which statement is true about setting up NetSuite budgets?

A) Budgets can be imported into NetSuite using CSV.
B) Budgets must be created manually in the NetSuite user interface.
C) Copying budgets is not recommended.
D) Budgets can be created for multiple criteria, but only one per parameter.

5. A sales order should be billed when certain key project tasks have been completed

A) standard
B) time and material
C) charge based
D) fixed bid milestone

Solutions: