NetSuite Financial User Certification
victoriameiselNetSuite Financial User is certified and qualified to use accounting and financial features in NetSuite environments after implementation. To aid in the preparation for this certification, Passcert offers the most up-to-date and comprehensive NetSuite Financial User Certification Dumps, designed to thoroughly equip you with the necessary knowledge and skills to pass the exams. By immersing yourself in the detailed study provided by our NetSuite Financial User Certification Dumps, you will gain a deeper understanding of the subject matter, thus significantly improving your chances of clearing the NetSuite Financial User exam on your very first attempt.
Passing this exam confirms that you have the foundational knowledge necessary to navigate around the NetSuite system and understand core NetSuite accounting and finance functionality. The credential awarded for passing this exam is NetSuite Certified Financial User.
NetSuite Financial User Certification is intended for individuals who use NetSuite for day-to-day financial operations, such as accountants, financial analysts, bookkeepers, and controllers. It is a way for these professionals to demonstrate their expertise and proficiency in using NetSuite for financial management. Obtaining the NetSuite Financial User Certification can enhance a professional's resume, increase their job prospects, and demonstrate their commitment to staying up-to-date with the latest technology and best practices in financial management.
Exam Details
Number of Questions: 30 questions
Registration Fee: $150
Retake Fee: $150
Duration: 60 minutes
Format: multiple-choice and matching questions
Description of a Qualified Candidate:
The candidate can navigate all finance/accounting parts of the NS application, and understands where to find resources. They can articulate the features and standard modules related to accounting. They understand NetSuite release cycles and can find information about the product. They can articulate NetSuite standard accounting process flows.
Subject Areas Covered by Exam:
Subsidiaries, Classifications, Chart of Accounts
Accounts Receivable
Billing Schedules
Accounts Payable
Banking and Payment Processing
Journal Entries
Budgeting
Expense Allocations
Financial Reports and KPIs
Period and Year-End Close
Share NetSuite Financial User Certification Free Dumps
1. Which three statements are true about using Parent Accounts in NetSuite? (Choose three.)
A. Checking the Summary box on the account record prevents anyone from posting activity to the account.
B. Parent accounts can be posting or non-posting.
C. Checking the Summary box allows the posting of reversing journal entries to this account.
D. Parent accounts are created by setting the "Parent of" field.
E. Child accounts are created by setting the ''Subaccount of'' field.
Answer: ADE
2. Which account feature determines in which financial report section an account appears by default?
A. Department | Class | Location classification
B. Account type
C. Account number
D. Currency
Answer: B
3. How does NetSuite set up a company record when you buy from and sell to the same company?
A. NetSuite uses a single Company record to track this combined relationship.
B. NetSuite uses unrelated Customer and Vendor records to track these.
C. Either the Vendor or the Customer can be set as "Parent of" the other record to link them
D. NetSuite tracks this using the "Other Relationships" function to link the Customer and Vendor records.
Answer: A
4. Which two settings are needed for billable items to appear on the Customer Invoice? (Choose two.)
A. Billable checkbox
B. Memo
C. Invoice Number
D. Customer
Answer: AD
5. Which two record types can be applied to a customer payment? (Choose two.)
A. Refund
B. Cash Sale
C. Customer Deposit
D. Credit Memo
Answer: BC
6. Which transaction transfers the Customer Deposit liability to offset the Invoice Accounts Receivable GL Impact?
A. Deposit Application
B. Credit Memo
C. Journal Entry
D. Sales Order
Answer: A
7. A Sales Order should be billed when certain key project tasks have been completed.
Which type of Billing Schedule should be used?
A. Fixed Bid Milestone
B. Standard
C. Time and Material
D. Charge Based
Answer: A
8. Which statement is true about assigning a Billing Schedule to an Item record?
A. It forces all the lines on a Sales Orders to have a Billing Schedule.
B. It ensures the Item will always have the Billing Schedule default in correctly on the Sales Order.
C. It requires that all Items on the same Sales Order have a Billing Schedule of some kind.
D. It requires that all Items on the same Sales Order use the same Billing Schedule.
Answer: B
9. Which two statements are true about vendors and multi-currency? (Choose two.)
A. The currency on the purchase order can be changed at the point when the purchase order is billed.
B. Currencies must be added to the Vendor before being used on a transaction.
C. The primary currency is used for the credit limit.
D. To remove a currency from a vendor you must first close any open transactions in that currency.
E. Vendors can have up to five currencies.
Answer: BD
10. What is a characteristic of Purchase Orders in NetSuite?
A. Purchase Orders must be in the primary currency of the Vendor.
B. Purchase Orders have no accounting impact.
C. Purchase Requisition is required before creating a Purchase Order.
D. Purchase Orders must be in the currency of the Vendor's primary subsidiary.
Answer: B
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