NetSuite Financial User Certification Questions with 100% Correct Answers

Subsidiary Correct Answer separate legal entity 125 Correct Answer max number of subs (new) elimination subsidiary Correct Answer where you balance out consolidation Yes Correct Answer Can different subsidiaries have different fiscal calendars? No Correct Answer Can subsidiaries be deleted after they have been created Department Correct Answer Usually assigned to teams 50 Correct Answer max # of locations allowed 3 types of financial statements Correct Answer Balance Sheet, Income Statement, Statement of Cash Flows Account Type Correct Answer How does NS group/categorize accounts? Inactive, non-posting Correct Answer 2 characteristics of summary accounts 1 Correct Answer How many subsidiaries can a bank account be linked to? Yes Correct Answer Can you create an invoice without a SO? Sales Order Correct Answer 1st step in A/R process Fulfillment Correct Answer When do SOs have a GL impact? Electronic Invoicing Suite App Correct Answer create e-invoices to comply/automate order to cash process Deposit Correct Answer Customer pre-payment Advanced Payment Correct Answer What