Exam Name: Oracle NetSuite Financial User
Certification Provider: Oracle
Corresponding Certification: NetSuite Exams
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Reference: https://education.oracle.com/oracle-netsuite-financial-user/pexam_N16599GC10
Oracle NetSuite Financial User Sample Questions:
Which account type is non-posting?
- A. Unbilled Receivable
- B. Deferred Expense
- C. Statistical Account-*Statistical accounts are non-monetary accounts that can be used to maintain statistical information for a variety of metrics. For example, a statistical account could be established to maintain the employee headcount by the department in an organization.
- D. Other Current Liability
Correct Answer: C 🗳️
How must a Bank Account be denominated when using the multi-currency feature?
- A. It may be denominated in any one currency.
- B. It may be denominated in multiple currencies.
- C. It must be denominated in the Base Currency of the subsidiary.
- D. It must be denominated in the Base Currency of the Root Subsidiary
Correct Answer: A 🗳️
Which two statements are true about setting up expense allocations? (Choose two.)
- A. The source must be one account.
- B. The source can be multiple accounts
- C. The target must be one account
- D. The target can be multiple accounts
Correct Answer: B,D 🗳️
Which statement is true about billing a purchase order in NetSuite?
- A. Only approved vendor bills post to the general ledger
- B. All bills must be created from a PO
- C. Vendor bills post to the general ledger, whether approved or not
- D. Standalone bills containing inventory line items have no inventory account impact
Correct Answer: A 🗳️
What are two characteristics of setting up Bank Accounts? (Choose 2)
- A. A bank account must belong to only one subsidiary
- B. A bank account must be held in one currency only
- C. A bank account can be shared by multiple subsidiaries
- D. A bank account can be held in multiple currencies
Correct Answer: A,B 🗳️
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