NetSuite ERP Consultant Exam/146 Questions
with complete answers
Which 3 requirements can be addressed using standard NS functionality in
Accounting Preferences? - -1. Automatically Email Drop Ship PO's, 2. Send
Order Fulfilled Confirmation Emails, 3. Send Email Confirmation when SO is
cancelled.
-A company has decided to use the Class segment to track product lines on
sales. They would like to force users to enter a value in this field and have
configured the system to show the class field at the line level of transactions.
What 2 configs are required? - -1. Enable the account pref: Make Classes
Mandatory, 2. Create a dummy value called "No Class"
-Which action is recommended for undesired accounts in preparing for go-
live - -Leave undesired accounts active in case transactions post to them
-What is a benefit of viewing Chart of Accounts with Show Inactives Marked -
-Amounts posted to inactive default accounts are visible
-Which 3 valid characteristics affect seeting up and assigning NS default
segments (Dept/Class/Location) - -1. Locations are available for tracking
inventory, 2. Segmenets can be used to restrict data access, 3.
Departemnets can be defined in a hierarchy for reporting purposed
-Which segment combinations require SuiteScript? - -Limit Class to specific
Departments (no Script required: Limit account to specific Class or subsid,
and limit dept to subsid)
-Which two statements are true about the Multiple Calendars feature - -
Without this feature, the Tax Years are the same across all subsids, AND
With this feature, different fiscal calendar defs can be used on the same
subsid for accounting & tax periods
-What is the impact of enabling the "Void Transactions Using Reversing
Journals" setting - -It displays a VOID button on the transaction and creates
a Reversing JE
-All multi-curr features are enabled in a One-World account. What does the
Base Currency column with a value of "Yes" mean - -The currency is used on
subsidiary records or the company information
-Which functionality is included when the Consolidated Payments feature is
enabled - -The A/R Aging report shows the un-consolidated balance for each
sub customer
, -A company has customers with centralized purchasing departments that
buy products for multiple locations at the same time. The customers want
the products shipped to different locations from the same order. Which 2
features need to be enabled? - -Multiple Shipping Routes & Enable Line Item
Shipping
-A company's corp policy requires re-approval for any changes made to
approved sales orders prior to fulfillment. A SO was entered, approved, then
changed but did not go back thru the approval process. Why? - -The
"Require re-approval"pref is not set
-A customer has multiple open SO's on file. A customer deposit is applied to
the wrong sales order. What process to unlink? - -Change the SO to a cash
sale
-What are 2 considerations for shipping integration - -Tracking numbers
assigned on the fulfillment flow back to the SO, and Both FedEx and UPS
support use of negotiated rates
-Which statement is true about enabling the Multi-Location Inventory
feature? - -The Enable Multi-Lccation Inventory feature can be enabled
anytime after enabling the Inventory Feature
-An employee reports eight hours of consulting services for 3 days to the
same customer. Which 2 invoicing prefs will produce an invoice within 24
hours of time at the billable rate? - -Group Time by Employee, and Combine
Time Items on Invoices
-A company sells yearly service contracts for $1,000 that require 10% initial
fee. These are sometimes discounted. They bill at the end of the month.
What's the settings - -Initial Amount set to 10%, In Arrears is Enabled,
Recurrence count is 12
-Revenue Commitment - -Allows recognition of revenue before invoicing
-VSOE - -Allows auto-allocation of revenue across elements sold in a bundle
-Revenue Recognition Schedule - -Shows list of Rev Rec JE to be generated
-Revenue Recognition Template - -Allows definition of % of rev to be
recognized up front
-With credit card integratino enabled, what happens when a standalone cas
sale is saved - -Authorize and charge/capture credit card
with complete answers
Which 3 requirements can be addressed using standard NS functionality in
Accounting Preferences? - -1. Automatically Email Drop Ship PO's, 2. Send
Order Fulfilled Confirmation Emails, 3. Send Email Confirmation when SO is
cancelled.
-A company has decided to use the Class segment to track product lines on
sales. They would like to force users to enter a value in this field and have
configured the system to show the class field at the line level of transactions.
What 2 configs are required? - -1. Enable the account pref: Make Classes
Mandatory, 2. Create a dummy value called "No Class"
-Which action is recommended for undesired accounts in preparing for go-
live - -Leave undesired accounts active in case transactions post to them
-What is a benefit of viewing Chart of Accounts with Show Inactives Marked -
-Amounts posted to inactive default accounts are visible
-Which 3 valid characteristics affect seeting up and assigning NS default
segments (Dept/Class/Location) - -1. Locations are available for tracking
inventory, 2. Segmenets can be used to restrict data access, 3.
Departemnets can be defined in a hierarchy for reporting purposed
-Which segment combinations require SuiteScript? - -Limit Class to specific
Departments (no Script required: Limit account to specific Class or subsid,
and limit dept to subsid)
-Which two statements are true about the Multiple Calendars feature - -
Without this feature, the Tax Years are the same across all subsids, AND
With this feature, different fiscal calendar defs can be used on the same
subsid for accounting & tax periods
-What is the impact of enabling the "Void Transactions Using Reversing
Journals" setting - -It displays a VOID button on the transaction and creates
a Reversing JE
-All multi-curr features are enabled in a One-World account. What does the
Base Currency column with a value of "Yes" mean - -The currency is used on
subsidiary records or the company information
-Which functionality is included when the Consolidated Payments feature is
enabled - -The A/R Aging report shows the un-consolidated balance for each
sub customer
, -A company has customers with centralized purchasing departments that
buy products for multiple locations at the same time. The customers want
the products shipped to different locations from the same order. Which 2
features need to be enabled? - -Multiple Shipping Routes & Enable Line Item
Shipping
-A company's corp policy requires re-approval for any changes made to
approved sales orders prior to fulfillment. A SO was entered, approved, then
changed but did not go back thru the approval process. Why? - -The
"Require re-approval"pref is not set
-A customer has multiple open SO's on file. A customer deposit is applied to
the wrong sales order. What process to unlink? - -Change the SO to a cash
sale
-What are 2 considerations for shipping integration - -Tracking numbers
assigned on the fulfillment flow back to the SO, and Both FedEx and UPS
support use of negotiated rates
-Which statement is true about enabling the Multi-Location Inventory
feature? - -The Enable Multi-Lccation Inventory feature can be enabled
anytime after enabling the Inventory Feature
-An employee reports eight hours of consulting services for 3 days to the
same customer. Which 2 invoicing prefs will produce an invoice within 24
hours of time at the billable rate? - -Group Time by Employee, and Combine
Time Items on Invoices
-A company sells yearly service contracts for $1,000 that require 10% initial
fee. These are sometimes discounted. They bill at the end of the month.
What's the settings - -Initial Amount set to 10%, In Arrears is Enabled,
Recurrence count is 12
-Revenue Commitment - -Allows recognition of revenue before invoicing
-VSOE - -Allows auto-allocation of revenue across elements sold in a bundle
-Revenue Recognition Schedule - -Shows list of Rev Rec JE to be generated
-Revenue Recognition Template - -Allows definition of % of rev to be
recognized up front
-With credit card integratino enabled, what happens when a standalone cas
sale is saved - -Authorize and charge/capture credit card
