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NetSuite Financial User Certification Exam
Certification Provider: NetSuite
Exam Name: NetSuite Financial User Certification
Number of questions in our database: 86
Exam Version: Apr. 16, 2024
Exam Official Topics:
- Topic 1: Subsidiaries, Classifications, Chart of Accounts: It focuses on what a subsidiary is, types of subsidiaries, and how they are used. Moreover, the topic identifies the general functionality of classifications, implications of set up and restricting access to chart of accounts, and the impact of setting the account type.
- Topic 2: Accounts Receivable: This topic discusses identifying different steps in creating NetSuite Invoices, accepting customer payments, accepting customer deposits, credit and refund process. Moreover, it also recognizes various steps in NetSuite standard Accounts Receivable process flow.
- Topic 3: Billing Schedules: It focuses on identifying different steps in setting up and applying billing schedules.
- Topic 4: Accounts Payable: The topic has sub-topics that discuss how to identify considerations when setting up Vendor records, identify steps creating NetSuite purchase orders and bill, identify steps that are related to paying vendors.
- Topic 5: Banking and Payment Processing: This topic discusses different steps that can be taken to reconcile monthly bank and credit card statements in NetSuite. Moreover, it identifies various implications in setting up cash and bank accounts. Lastly, the topic highlights steps that are involved in NetSuite default banking transactions.
- Topic 6: Journal Entries: It is about journal entries and differences between elimination and intercompany journal entries appear.
- Topic 7: Budgeting: The topic of Budgeting focuses on pointing out different steps to create and report on budgets in NetSuite.
- Topic 8: Expense Allocations: This topic is all about steps related to applying expense allocations in NetSuite. It also discusses the difference between fixed and dynamic allocation modes.
- Topic 9: Financial Reports and KPIs: Sub-topics are about identifying different elements unique to Financial Report Builder Interface. It also covers impact of NetSuite transactions on financial reports.
- Topic 10: Period and YearEnd Close: It measures candidates? knowledge about recognizing NetSuite recommending practices around period close and accounting/tax period structure. Lastly, it focuses on different options for managing multiple subsidiaries and multiple fiscal calendars separately.
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Free NetSuite NetSuite Financial User Certification Exam Actual Questions
The questions for NetSuite Financial User Certification were last updated On Apr. 16, 2024
Question #1
Which two account types can be used to Pay Vendor Bills? (Choose two)
Correct Answer:
A, D
Question #2
How can an Expense Allocation Schedule be set up to dynamically recalculate weighting each time it is applied?
Correct Answer:
D
Question #3
Which expense allocation use case requires the use of statistical accounts
Correct Answer:
B
Question #4
Which row type in a Financial Report allows display of the same unmodified data from another row?
Correct Answer:
D
Question #5
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