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NetSuite Financial User Certification Sample Questions:

1. which statement is true about assigning a billing schedule to an item record?

A) it ensures that item will always have the billing default in correctly on the sales order
B) it forces all the lines on sales order to have billing schedule
C) it requires that items on the same sales order have billing schedule of some kind
D) it requires that all items on the sales order used same billing schedule

2. Which 3 statements are true about parent accounts in NetSuite (choose 3)?

A) child accounts are created by setting the subaccount of field
B) parent accounts are created by setting the "parent of" field
C) checking the summary box on the account record prevents anyone from posting activity to the account
D) parent accounts can be posting or not posting
E) checking the summary box allows the posting of reversing journal entries to this account

3. What does the setting "Accept Payment at Top Level Customer" allow for?

A) Allows Refunds and Credits at parent level.
B) Customers may pay the bills of Sub customers
C) Sub customers cannot pay their own bills
D) Sub customers may pay the bills of their parent

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

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

5. Which three steps are required to prevent someone from accessing some accounts but not others?

A) Use the NetSuite default standard role
B) Tag the Employee record to Department | Class | Location
C) Designate Department | Class | Location on the account
D) Assign a Currency to the account
E) Customize the role to restrict access by segment

Solutions: