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NetSuite Financial User Certification Exam Sample Questions (Q57-Q62):

NEW QUESTION # 57
Which statement is true about the Period Close Checklist?

* A. This is required for Year-End Close.
* B. Customer-specific steps can be added.
* C. Tasks displayed depend upon features enabled.
* D. Tasks may be completed in any order.
Answer: C

NEW QUESTION # 58
On which financial statements are invoices summarized?

* A. general ledger
* B. account payable aging
* C. income statement
* D. Balance sheet
Answer: A

NEW QUESTION # 59
How does NetSuite set up a company record when you buy from and sell to the same company?

* A. either the vendor or the customer can be set as "Parent of" the other record to link them
* B. NetSuite uses unrelated customer and vendor records to track these
* C. NetSuite tracks this using the "Other relationship" functions to link the customer and vendor records
* D. NetSuite uses a single company record to track this combined relationship
Answer: C

NEW QUESTION # 60
Which account in a general ledger is being cleared when Make Deposits transaction is used?

* A. Undeposited Funds
* B. Accounts Payable
* C. Accounts Receivable
* D. Customer Deposits
Answer: A

NEW QUESTION # 61
Which two criteria can be used to define a custom section in a custom financial statement? (Choose two)

* A. Department
* B. Account Balance
* C. Name of Account
* D. Date of Account Created
Answer: A,C

NEW QUESTION # 62
......

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