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NetSuite Financial User Certification Sample Questions:

1. What is the simplest way to post interest accrued while using the Reconcile Bank Statement page?

A) Post a Write Check transaction
B) Post a Journal Entry
C) Use the New Deposits subtab
D) Use the New Charges subtab

2. Which transaction requires a credit memo before a refund?

A) Customer Deposit
B) Invoice
C) Sales Order
D) Cash Sale

3. Which statement is true about inter-company journal entries?

A) Minimum of four lines
B) balance within each subsidiary, they need not balance between subsidiaries
C) maximum of six lines
D) used to log intercompany eliminations

4. Which two statements are true about Vendors in a One World account? (Choose two.)

A) Vendors can have multiple currencies.
B) There is one Credit Limit value per Vendor.
C) Vendors can be assigned to multiple subsidiaries.
D) Vendors can only be assigned to one subsidiary.

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

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

Solutions: