NetSuite Suite Foundations Exam Prep
exams 2023/ 75 Questions and Answers /
Verified.
SuiteBuilder is a point and click tool for customization - -True
-Use a _________ ________ to control how information is entered and viewed - -
Custom Forms
-A custom record may be a better option than adding too many custom fields to an
existing record - -True?
-Preparation for the Data Import is crucial to a successful import - -True?
-How can I create a CSV template to use for an import template? - -Export a List view
-All records may be imported via the import assistant - -False
-What sort of criteria can you set by going to Setup > Company > Duplicate Detection? -
-Fields to match on, uses a saved search functionality. Which include email, name, etc.
Not all fields are allowed. Custom fields are allowed on Customer, also address, first
name, last name, phone
-Whether a company or an individual, NetSuite should look at the email address in the
exact same way - -False. Duplicate detection uses the domain name for company
evaluation and uses the full email address for contact, individuals.
-How would you simultaneously edit/change multiple records at once? - -Mass Update
-Which features allow editing records directly from a list? - -Inline Editing
-Account Numbers are Mandatory in the Chart of Accounts - -False Turn on this
feature at Setup>>Accounting>>Accounting Preferences>>General
-You cannot setup past and future accounting periods - -False
-You cannot do Cash Basis reporting - -False.
Setup>>Accounting>>AccountingPreferences>>General Ledger or on each report edit
and go to More Options
-Subsidiary - -Create for each legal entity
-Opening Balance - -Balance for each general ledger account
, -Classifications - -Facilitates financial segmenting using departments, classes, and
locations
-Accounting Periods - -Ability to have transactions posted to a period, rather than just
a date
-Tax agencies are whom we pay collected taxes - -True (as vendors)
-Tax control accounts can be set up manually - -True, but only through the Tax Control
Account Setup
-A tax nexus defines the tax jurisdiction, where business is transacted - -True
-A subsidiary can only have one tax nexus - -False. Nexus Sublist is available to add
multiple
-Tax schedules are a functionality of Advanced Taxes and determine the tax treatment
of items purchased and sold - -True
-Inventory items can also include serialized and lot numbered inventory if those
features have been enabled - -True
-Non-inventory items are only available for purchase - -False
For Purchase, For Resale, For Sale
-Service items cannot be fulfilled - -False
-Name the three NetSuite classifications available for reporting and the GL - -Location,
Class, Department
-True or False: Combine the use of classifications with the general ledger account to
simplify your chart of accounts - -True
-Account numbers are mandatory in NetSuite's Chart of Accounts - -False
-Which feature allows transacting business with vendors and customers in different
currencies - -Multiple Currencies
-What is base currency? - -Base currency is the currency used for your company's,
subsidiaries', books
-The NetSuite _________________ supports localized handling of taxes - -NetSuite
Edition
-True or False: Assemblies, Kits and Item Groups all act the same way in NetSuite - -
False
exams 2023/ 75 Questions and Answers /
Verified.
SuiteBuilder is a point and click tool for customization - -True
-Use a _________ ________ to control how information is entered and viewed - -
Custom Forms
-A custom record may be a better option than adding too many custom fields to an
existing record - -True?
-Preparation for the Data Import is crucial to a successful import - -True?
-How can I create a CSV template to use for an import template? - -Export a List view
-All records may be imported via the import assistant - -False
-What sort of criteria can you set by going to Setup > Company > Duplicate Detection? -
-Fields to match on, uses a saved search functionality. Which include email, name, etc.
Not all fields are allowed. Custom fields are allowed on Customer, also address, first
name, last name, phone
-Whether a company or an individual, NetSuite should look at the email address in the
exact same way - -False. Duplicate detection uses the domain name for company
evaluation and uses the full email address for contact, individuals.
-How would you simultaneously edit/change multiple records at once? - -Mass Update
-Which features allow editing records directly from a list? - -Inline Editing
-Account Numbers are Mandatory in the Chart of Accounts - -False Turn on this
feature at Setup>>Accounting>>Accounting Preferences>>General
-You cannot setup past and future accounting periods - -False
-You cannot do Cash Basis reporting - -False.
Setup>>Accounting>>AccountingPreferences>>General Ledger or on each report edit
and go to More Options
-Subsidiary - -Create for each legal entity
-Opening Balance - -Balance for each general ledger account
, -Classifications - -Facilitates financial segmenting using departments, classes, and
locations
-Accounting Periods - -Ability to have transactions posted to a period, rather than just
a date
-Tax agencies are whom we pay collected taxes - -True (as vendors)
-Tax control accounts can be set up manually - -True, but only through the Tax Control
Account Setup
-A tax nexus defines the tax jurisdiction, where business is transacted - -True
-A subsidiary can only have one tax nexus - -False. Nexus Sublist is available to add
multiple
-Tax schedules are a functionality of Advanced Taxes and determine the tax treatment
of items purchased and sold - -True
-Inventory items can also include serialized and lot numbered inventory if those
features have been enabled - -True
-Non-inventory items are only available for purchase - -False
For Purchase, For Resale, For Sale
-Service items cannot be fulfilled - -False
-Name the three NetSuite classifications available for reporting and the GL - -Location,
Class, Department
-True or False: Combine the use of classifications with the general ledger account to
simplify your chart of accounts - -True
-Account numbers are mandatory in NetSuite's Chart of Accounts - -False
-Which feature allows transacting business with vendors and customers in different
currencies - -Multiple Currencies
-What is base currency? - -Base currency is the currency used for your company's,
subsidiaries', books
-The NetSuite _________________ supports localized handling of taxes - -NetSuite
Edition
-True or False: Assemblies, Kits and Item Groups all act the same way in NetSuite - -
False
