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Oracle NetSuite Financial User Sample Questions:
What are two differences between fixed and dynamic allocation schedules? (Choose two.)
- A. Fixed allocation schedules must have predefined weighting that does not change
- B. Dynamic allocation requires zeroing out the source account.
- C. Dynamic allocation schedules must use statistical accounts.
- D. Fixed allocation requires zeroing out the source account.
Correct Answer: A,C π³οΈ
Which statement is true about setting up NetSuite budgets?
- A. Budgets can be created for multiple criteria, but only one per parameter.
- B. Copying budgets is not recommended.
- C. Budgets can be imported into NetSuite using CSV.
- D. Budgets must be created manually in the NetSuite user interface.
Correct Answer: C π³οΈ
What is one characteristic of Elimination Journal Entries?
- A. They are posted to only one subsidiary.
- B. They are approved automatically when entered manually.
- C. They are used to transfer profit from one subsidiary to another
- D. They are the same as Intercompany Journal Entries.
Correct Answer: A π³οΈ
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What is the order of steps for the NetSuite standard accounts receivable process?
- A. Fulfill Sales Order > Approve Sales Order > Bill Sales Order
- B. Approve Sales Order > Fulfill Sales Order > Bill Sales Order
- C. Approve Sales Order > Bill Sales Order > Fulfill Sales Order
- D. Bill Sales Order > Approve Sales Order > Fulfill Sales Order
Correct Answer: B π³οΈ
What is true about multi-currency Customers?
- A. Customers are limited to the currency of the subsidiary they are linked to.
- B. Customers may use an unlimited number of currencies.
- C. Customers can choose to pay an invoice in any currency.
- D. Sub customers must transact in the currency of the Parent Customer.
Correct Answer: B π³οΈ
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