Practice Financial-User Exam Online

Question 1

Which two statements are true about setting up intercompany expense allocations? (Choose two.)

A : The source may be multiple subsidiaries

B : The source must be one subsidiary

C : The target can only be one subsidiary.

D : The target may be multiple subsidiaries.

Answer: B,D

Question 2

Which two are elements unique to setting up Financial Sections in a NetSuite Financial report? (Choose two.)

A : Formula rows calculate from the row immediately above

B : Each Section can be customized to have multiple account types.

C : Each Financial Section has its own header and summary row.

D : Custom sections are restricted to one account type.

Answer: B,C

Question 3

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

A : NetSuite uses a single Company record to track this combined relationship.

B : NetSuite uses unrelated Customer and Vendor records to track these

C : Either the Vendor or the Customer can be set as "Parent of" the other record to link them

D : NetSuite tracks this using the "Other Relationships" function to link the Customer and Vendor records

Answer: A

NetSuite Financial-User