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NetSuite Financial User Certification Sample Questions:

1. 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

2. What is an example of a subsidiary?

A) A wholly owned company
B) A warehouse
C) The direct sales division
D) A clearing account

3. Which expense allocation use case requires the use of statistical accounts?

A) even 50/50 split of receptionist salary based on department
B) Division of recruiting based upon headcount
C) static division of rent-based location
D) predefined split of marketing costs among sales channels

4. Which statement is true about the Memorized Transactions feature?

A) The Update Prices checkbox allows manual review of the transaction before it is posted.
B) The Remind Forever setting sends notice to the Customer that a new Invoice has been created.
C) The Number Remaining refers to the quantity of Item ordered remaining to be billed or shipped.
D) The Remind Me setting allows manual review of the transaction before it is posted.

5. What are two differences between fixed and dynamic allocation schedules? (Choose two.)

A) Fixed allocation requires zeroing out the source account.
B) Fixed allocation schedules must have predefined weighting that does not change
C) Dynamic allocation requires zeroing out the source account.
D) Dynamic allocation schedules must use statistical accounts.

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