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Free NetSuite-Financial-User Exam Questions - NetSuite NetSuite-Financial-User Exam

NetSuite NetSuite-Financial-User Exam

NetSuite Financial User Certification

Total Questions: 86

Last Updated : 01-05-2024

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NetSuite NetSuite-Financial-User Questions

Q1.

How are fiscal calendars used by subsidiaries?

AEach subsidiary may use its own fiscal calendar.

BEach period may be closed separately in each subsidiary.

CEach period must be locked in each subsidiary separately.

DParent-Child subsidiaries must use the same fiscal calendar

Q2.

What are two considerations for managing multiple fiscal calendars? Choose two

APeriods are created separately for each fiscal calendar

BA subsidiary can have multiple fiscal calendars without multi-Book

CA fiscal calendar can be used by multiple subsidiaries

DPeriods are shared across fiscal calendars.

Q3.

Which statement is true about the Period Close Checklist?

AThis is required for Year-End Close.

BTasks may be completed in any order.

CCustomer-specific steps can be added.

DTasks displayed depend upon features enabled.

Q4.

Which statement is true about re-opening closed periods?

AThe period close checklist is only required the first time you close a period

BOnly administrator can re-open closed periods

CIf only one period is re-opened, no other periods are affected

DA justification must be entered to re-open a closed period

Q5.

On which financial statement are invoices summarized?

ABalance sheet

BGL

CIncome Statement

DAP Aging

Solutions:

Question: 1 Answer: A

Question: 2 Answer: C, D

Question: 3 Answer: D

Question: 4 Answer: D

Question: 5 Answer: A

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