Name: NetSuite Financial User Certification
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SKU: NetSuite-Financial-User
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Free NetSuite NetSuite-Financial-User Exam Actual Questions

The questions for NetSuite-Financial-User were last updated On Jan 16, 2025

Question No. 1

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

AVendors can have multiple currencies.

BThere is one Credit Limit value per Vendor.

CVendors can only be assigned to one subsidiary.

DVendors can be assigned to multiple subsidiaries.

Show Answer

Correct Answer: A, D

Question No. 2

Which two account types can be used to Pay Vendor Bills? (Choose two)

ABank

BAsset

CExpense

DCredit Card

ENon-Posting

Show Answer

Correct Answer: A, D

Question No. 3

Which statement is true about NetSuite Accounts Payable transactions?

AVendor Bills must be created from a Purchase Order.

BPurchase Orders must have a preceding Purchase Requisition.

CBill Purchase Orders page will allow you to generate bills from multiple vendors at once.

DPaying an Unapproved Bill will cause both Bill and Payment to post to the general ledger.

Show Answer

Correct Answer: C

Question No. 4

What is a characteristic of Intercompany JEs?

AAn elimination subsidiary must be one of the included subsidiaries

BThey require a minimum of 2 lines

CIf they are unbalanced between subsidiaries, they must balance within each subsidiary

DThe exchange rate can be set manually

Show Answer

Correct Answer: C

Question No. 5

Which statement is true about re-opening closed periods?

AThe period close checklist is only required the first time you close a period

BOnly administrator can re-open closed periods

CIf only one period is re-opened, no other periods are affected

DA justification must be entered to re-open a closed period

Show Answer

Correct Answer: D