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Reference: https://education.oracle.com/oracle-netsuite-financial-user/pexam_N16599GC10
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Oracle NetSuite Financial User Sample Questions:
Which three record types can be tagged Department | Class | Location? (Choose Three)
- A. Items
- B. Transactions
- C. Employees
- D. Customers
Correct Answer: A 🗳️
Which statement is true about NetSuite Accounts Payable transactions?
- A. Vendor Bills must be created from a Purchase Order.
- B. Bill Purchase Orders page will allow you to generate bills from multiple vendors at once.
- C. Purchase Orders must have a preceding Purchase Requisition.
- D. Paying an Unapproved Bill will cause both Bill and Payment to post to the general ledger.
Correct Answer: B 🗳️
Which account type is non-posting?
- A. Statistical Account-*Statistical accounts are non-monetary accounts that can be used to maintain statistical information for a variety of metrics. For example, a statistical account could be established to maintain the employee headcount by the department in an organization.
- B. Other Current Liability
- C. Unbilled Receivable
- D. Deferred Expense
Correct Answer: A 🗳️
Which expense allocation use case requires the use of statistical accounts
- A. Predefined split of marketing costs among sales channels
- B. Division of recruiting based on headcount
- C. Even 50/50 split of receptionist salary based on department
- D. Static division of rent based on location
Correct Answer: B 🗳️
Which two statements are true about setting up expense allocations? (Choose two.)
- A. The target must be one account
- B. The target can be multiple accounts
- C. The source must be one account.
- D. The source can be multiple accounts
Correct Answer: B,D 🗳️
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