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NetSuite Financial User Certification Sample Questions:

1. Which two statement are true about setting up the intercompany expense allocation (choose 2)

A) The source must be one subsidiary
B) The target may be multiple subsidiaries
C) the target can only be one subsidiary
D) the source may be multiple subsidiary

2. What is true about multi-currency Customers?

A) Customers are limited to the currency of the subsidiary they are linked to.
B) Sub customers must transact in the currency of the Parent Customer.
C) Customers can choose to pay an invoice in any currency.
D) Customers may use an unlimited number of currencies.

3. How does enabling accounting features affect the chart of accounts?

A) Accounts must be renumbered.
B) The Administrator may need to create new accounts to use new features.
C) New accounts are automatically added to the chart of accounts when needed
D) Statistical accounts should be used for correct posting.

4. 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

5. What is the significance of the Account Type for any given account?

A) It controls access by users
B) It determines the default section in financial statements
C) It determines the exchange rate on posted transactions.
D) It affects the subsidiary assignment.

Solutions: