NetSuite Financial User Certification Dumps https://www.certspots.com/exam/netsuite-financial-user/ NetSuite Financial User Certification Dumps 1. How can the financial reports be kept separate when tracking finances for two wholly owned but distinct legal entities in one NetSuite account? A. use separate fiscal calendars B. use classes C. use the multi-book accounting feature D. use subsidiaries Answer: D NetSuite Financial User Certification Dumps 2. What is the order of steps for the NetSuite standard accounts receivable process? A. Approve Sales Order > Fulfill Sales Order > Bill Sales Order B. Approve Sales Order > Bill Sales Order > Fulfill Sales Order C. Fulfill Sales Order > Approve Sales Order > Bill Sales Order D. Bill Sales Order > Approve Sales Order > Fulfill Sales Order Answer: A NetSuite Financial User Certification Dumps 3. Which statement is true about setting up NetSuite budgets? A. Copying budgets is not recommended. B. Budgets can be imported into NetSuite using CSV. C. Budgets must be created manually in the NetSuite user interface. D. Budgets can be created for multiple criteria, but only one per parameter. Answer: B NetSuite Financial User Certification Dumps 4. Which statement is true about billing a purchase order in NetSuite? A. All bills must be created from a PO B. Standalone bills containing inventory line items have no inventory account impact C. Only approved vendor bills post to the general ledger D. Vendor bills post to the general ledger, whether approved or not Answer: C NetSuite Financial User Certification Dumps 5. Which statement is true about NetSuite Accounts Payable transactions? A. Vendor Bills must be created from a Purchase Order. B. Purchase Orders must have a preceding Purchase Requisition. C. Bill Purchase Orders page will allow you to generate bills from multiple vendors at once. D. Paying an Unapproved Bill will cause both Bill and Payment to post to the general ledger. Answer: C NetSuite Financial User Certification Dumps 6. Which two statements are true about Invoices in NetSuite? (Choose two) A. Invoices can be created without reference to a Sales Order. B. Multiple Sales Orders can generate one Invoice. C. Invoices can be assigned to Sales Orders after the Invoice has been created. D. The Electronic Invoicing SuiteApp allows sending of individual invoices or batches. Answer: A,D NetSuite Financial User Certification Dumps 7. Which is recommended for setting up new accounting periods? A. use one-day year end adjustment period for year-end closing journal entries to retained earnings B. create accounting period one at a time to avoid multiple open periods C. Use set-up full year to generate all periods at once for full year D. set up new year and new quarter at the beginning of the fiscal year Answer: C NetSuite Financial User Certification Dumps 8. What are two considerations for managing multiple fiscal calendars? (Choose 2) A. A fiscal calendar can be used by multiple subsidiaries B. Periods are created separately for each fiscal calendar C. Periods are shared across fiscal calendars D. a subsidiary can have multiple fiscal calendars without multi- book Answer: A,C NetSuite Financial User Certification Dumps 9. Which are 2 elements unto to setting up financial sections in NetSuite financial report? (Choose 2) A. custom sections are restricted to one account type B. formula rows calculate from the row immediately above C. Each financial section has its own header and summary row D. Each section can be customized to have multiple account types Answer: C,D NetSuite Financial User Certification Dumps 10. 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. D. New accounts are automatically added to the chart of accounts when needed Answer: D