NetSuite Financial User Certification Questions And Answers A+ Graded 2024 update

Subsidiary - Answer-separate legal entity 125 - Answer-max number of subs (new) elimination subsidiary - Answer-where you balance out consolidation Yes - Answer-Can different subsidiaries have different fiscal calendars? No - Answer-Can subsidiaries be deleted after they have been created Department - Answer-Usually assigned to teams 50 - Answer-max # of locations allowed 3 types of financial statements - Answer-Balance Sheet, Income Statement, Statement of Cash Flows Account Type - Answer-How does NS group/categorize accounts? Inactive, non-posting - Answer-2 characteristics of summary accounts 1 - Answer-How many subsidiaries can a bank account be linked to? Yes - Answer-Can you create an invoice without a SO? Sales Order - Answer-1st step in A/R process Fulfillment - Answer-When do SOs have a GL impact? Electronic Invoicing Suite App - Answer-create e-invoices to comply/automate order to cash processDeposit - Answer-Customer pre-payment Advanced Payment - Answer-What must be enabled to accept customer deposits? Invoice - Answer-Record of a sale to a customer Yes - Answer-Can you set payment terms on a Vendor record? Bill - Answer-This can be created without a PO Item Receipt - Answer-When does a PO have a GL Impact? Auto-apply - Answer-Credit is applied to oldest vendor bill