NetSuite Financial User Sample Test Questions with Correct Answers

What is the purpose of an elimination subsidiary? A. Entering non-posting transactions B. Posting non-auditable transactions C. Offsetting expenses between departments D. Offsetting intercompany transactions Correct Answer D. Offsetting intercompany transactions Match each classification with its common use. A. ___ Classes B. ___ Locations C. ___ Subsidiaries D. ___ Departments 1. Company 2. Types of sales or product lines 3. Internal Teams 4. Warehouses Correct Answer A. ___ Classes - 2. Types of sales or product lines B. ___ Locations - 4. Warehouses C. ___ Subsidiaries - 1. Company D. ___ Departments - 3. Internal Teams Which three steps are required to prevent someone from accessing some accounts but not others? (Choose three.) A. Assign a Currency to the account B. Use the NetSuite default standard role C. Customize the role to restrict access by segment D. Designate Department | Class | Location on the account E. Tag the Employee record to Department | Class | Location Correct Answer C. Customize the role to restrict access by segment D. Designate Department | Class | Location on the account E. Tag the Employee record to Department | Class | Location How does enabling Accounting features affect the chart of accounts? A. Accounts must be renumbered. B. Statistical accounts should be used for correct posting. C. The Administrator may need to create new accounts to use new features.