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Reference: https://education.oracle.com/oracle-netsuite-financial-user/pexam_N16599GC10
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Oracle NetSuite Financial User Sample Questions:
Which statement is true about the Period Close Checklist?
- A. Customer-specific steps can be added.
- B. Tasks displayed depend upon features enabled.
- C. This is required for Year-End Close.
- D. Tasks may be completed in any order.
Correct Answer: B 🗳️
What are two characteristics of setting up Bank Accounts? (Choose 2)
- A. A bank account must be held in one currency only
- B. A bank account must belong to only one subsidiary
- C. A bank account can be held in multiple currencies
- D. A bank account can be shared by multiple subsidiaries
Correct Answer: A,B 🗳️
How does NetSuite set up a company record when you buy from and sell to the same company?
- A. NetSuite uses unrelated customer and vendor records to track these
- B. NetSuite tracks this using the "Other relationship" functions to link the customer and vendor records
- C. NetSuite uses a single company record to track this combined relationship
- D. either the vendor or the customer can be set as "Parent of" the other record to link them
Correct Answer: B 🗳️
Which two statements are true about Vendors in a One World account? (Choose two.)
- A. Vendors can only be assigned to one subsidiary.
- B. Vendors can be assigned to multiple subsidiaries.
- C. There is one Credit Limit value per Vendor.
- D. Vendors can have multiple currencies.
Correct Answer: B,D 🗳️
What are two considerations for managing multiple fiscal calendars? (Choose 2)
- A. Periods are shared across fiscal calendars
- B. A fiscal calendar can be used by multiple subsidiaries
- C. a subsidiary can have multiple fiscal calendars without multi-book
- D. Periods are created separately for each fiscal calendar
Correct Answer: A,B 🗳️
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