NetSuite ERP Consultant Exam Prep
1. Take the sample exam online here.:
https://www.classroomclip-
board.com/876109/Test/99219B4D-BED8-4606-A82A-
5CB05BFE3B98
Access Code: D7THL2E
2. Revenue Recognition - Revenue Commitment: Separates the billing
and rev- enue recognition functions, enabling you to recognize
revenue and bill customers at different times and to recognize
revenue in amounts that differ from the amounts billed to customers.
A revenue commitment is a non-posting transaction. It serves as the
placeholder for the revenue recognition schedule that generates the
posting revenue recognition journal entries
3. Revenue Recognition - VSOE: Vendor-Specific Objective Evidence
(VSOE) feature to ensure that your company properly recognizes
revenue for products and services sold as part of a bundle.
4. Revenue Recognition - Revenue Recognition Schedule: Determined
the journal entries that need to be generated to record the impact
of item sales.
,5. Revenue Recognition - Revenue Recognition Template: Indicate how
rev- enue from associated items should be posted
6. Landed Cost - Landed Cost can be by: Weight, Cost, Quantity, or
manual
7. Item Pricing - Pricing applied according to the quantity included in the
line item: By Line Quantity
8. Item Pricing - Pricing is applied for all line items for the same item on
a transaction: By Overall Item Quantity
9. Item Pricing - Pricing is applied for all items in the same hierarchy:
by Overall Parent Quantity
10.SQL Functions : NULLIF: To avoid divide by zero errors; if the results
is zero, replace with null
11.SQL Functions : CASE: Returns value based on different conditions
12.SQL Functions : IS NULL: Display "unassigned" in results if blank
13.SQL Functions : TO_CHAR: Display date by day of the week
14.SQL Functions : DECODE: Compares 2 values, then returns
specified para- meter if they match
,15.Custom Records - Enable Optimistic Locking: Causes the system to
check for conflicting updates when users attempt to save updates to a
custom record instance
16.Custom Records - Enable Inline Editing: Allow records to be edited
directly when they display as a LIST
17.Custom Records - Enable System Notes: Tracks all changes made
to a record
18.Custom Records - Allow Child Record Editing: Allow records to be
edited directly when they display as a SUBLIST
19.True or False: A disabled field can display a default value: TRUE
20.True or False : A disabled field is not available for transaction line
(col- umn) fields: FALSE
21.True or False : If a field does not have a default, sourced, or
custom information, it will not display on a form: FALSE
22.What is the impact of using the "Filter Using" setting when creating a
custom Trans Body field, beyond allowing the user to source data onto
the transaction?: This field allows the dynamic filtering of the
list/record field by a particular attribute
23.True or False : There is an "in Transit" option for inventory during
which time it is not counted as an asset for either subsidiary: FALSE
24.Tax - If subsidiaries share multiple Tax Nexuses, what is the
correct order: 1. International Tax
2. Subsidiary
, 3.Tax Agency
4. Nexus
5.Tax Codes, groups, schedules, types, periods
25.Tax - What are the 6 tax editions in NetSuite: International, US, Japan,
UK, Canada, Australia
26.Subsidiaries : Contacts associated with 1 sub may be linked to a cus-
tomer/vendor associated with another sub: Transactions are never
against the contact
27.Sub-customers associated with 1 sub can be linked to parent
customers associated with another sub: Only if accept payment thru
parent is disabled
28.Tax - Tax Period: Defines a period over which your company tracks
tax. A tax period can be a month, a quarter, or a year, depending on
the frequency of your
1. Take the sample exam online here.:
https://www.classroomclip-
board.com/876109/Test/99219B4D-BED8-4606-A82A-
5CB05BFE3B98
Access Code: D7THL2E
2. Revenue Recognition - Revenue Commitment: Separates the billing
and rev- enue recognition functions, enabling you to recognize
revenue and bill customers at different times and to recognize
revenue in amounts that differ from the amounts billed to customers.
A revenue commitment is a non-posting transaction. It serves as the
placeholder for the revenue recognition schedule that generates the
posting revenue recognition journal entries
3. Revenue Recognition - VSOE: Vendor-Specific Objective Evidence
(VSOE) feature to ensure that your company properly recognizes
revenue for products and services sold as part of a bundle.
4. Revenue Recognition - Revenue Recognition Schedule: Determined
the journal entries that need to be generated to record the impact
of item sales.
,5. Revenue Recognition - Revenue Recognition Template: Indicate how
rev- enue from associated items should be posted
6. Landed Cost - Landed Cost can be by: Weight, Cost, Quantity, or
manual
7. Item Pricing - Pricing applied according to the quantity included in the
line item: By Line Quantity
8. Item Pricing - Pricing is applied for all line items for the same item on
a transaction: By Overall Item Quantity
9. Item Pricing - Pricing is applied for all items in the same hierarchy:
by Overall Parent Quantity
10.SQL Functions : NULLIF: To avoid divide by zero errors; if the results
is zero, replace with null
11.SQL Functions : CASE: Returns value based on different conditions
12.SQL Functions : IS NULL: Display "unassigned" in results if blank
13.SQL Functions : TO_CHAR: Display date by day of the week
14.SQL Functions : DECODE: Compares 2 values, then returns
specified para- meter if they match
,15.Custom Records - Enable Optimistic Locking: Causes the system to
check for conflicting updates when users attempt to save updates to a
custom record instance
16.Custom Records - Enable Inline Editing: Allow records to be edited
directly when they display as a LIST
17.Custom Records - Enable System Notes: Tracks all changes made
to a record
18.Custom Records - Allow Child Record Editing: Allow records to be
edited directly when they display as a SUBLIST
19.True or False: A disabled field can display a default value: TRUE
20.True or False : A disabled field is not available for transaction line
(col- umn) fields: FALSE
21.True or False : If a field does not have a default, sourced, or
custom information, it will not display on a form: FALSE
22.What is the impact of using the "Filter Using" setting when creating a
custom Trans Body field, beyond allowing the user to source data onto
the transaction?: This field allows the dynamic filtering of the
list/record field by a particular attribute
23.True or False : There is an "in Transit" option for inventory during
which time it is not counted as an asset for either subsidiary: FALSE
24.Tax - If subsidiaries share multiple Tax Nexuses, what is the
correct order: 1. International Tax
2. Subsidiary
, 3.Tax Agency
4. Nexus
5.Tax Codes, groups, schedules, types, periods
25.Tax - What are the 6 tax editions in NetSuite: International, US, Japan,
UK, Canada, Australia
26.Subsidiaries : Contacts associated with 1 sub may be linked to a cus-
tomer/vendor associated with another sub: Transactions are never
against the contact
27.Sub-customers associated with 1 sub can be linked to parent
customers associated with another sub: Only if accept payment thru
parent is disabled
28.Tax - Tax Period: Defines a period over which your company tracks
tax. A tax period can be a month, a quarter, or a year, depending on
the frequency of your
