NETSUITE ERP Consultant exam -
Sample
Which three requirements can be addressed using standard NetSuite functionality in Accounting
Preferences? - ANSWER-A. Automatically Email Drop Ship P.O.s.
B. Send Order Fulfilled Confirmation Emails.
D. Send Email Confirmation when Sales Order Canceled.
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. Which two configurations are required to meet these requirements? -
ANSWER-B. Enable the accounting preference Make Classes Mandatory.
D. Create a dummy value called 'No Class' to select on transactions where a product line is not
applicable.
Which action is recommended for undesired accounts in preparing for go-live? - ANSWER-B. Leave
undesired accounts active in case transactions post to them.
What is a benefit of viewing Chart of Accounts with Show Inactives Marked? - ANSWER-C. Amounts
posted to inactive default accounts are visible.
Which three valid characteristics affect setting up and assigning NetSuite default segments
(Department/Class/Location)? - ANSWER-A. Locations are available for tracking inventory.
B. Segments can be used to restrict data access.
E. Departments can be defined in a hierarchy for reporting purposes.
Which segment combinations require SuiteScript? - ANSWER-B. Limit Class to specific Departments
Which two statements are true about the Multiple Calendars feature? - ANSWER-B. Without this
feature, the Tax Years are the same across all subsidiaries.
D. With this feature, different fiscal calendar definitions can be used on the same subsidiary for
accounting and tax periods.
What is the impact of enabling the 'Void Transactions Using Reversing Journals' setting? - ANSWER-B.
It displays a VOID button on the transaction and creates a Reversing Journal Entry.
Which functionality is included when the Consolidated Payments feature is enabled? - ANSWER-C.
The A/R Aging report shows the un-consolidated balance for each subcustomer.
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 two features and/or functions in NetSuite need to be enabled? - ANSWER-C.
Multiple Shipping Routes
D. Enable Line Item Shipping
A company's corporate policy requires re-approval for any changes made to approved sales orders
prior to fulfillment. A sales order was entered, approved and then changed but did not go back
through the approval process. Why did this sales order not go back through the approval process? -
ANSWER-B. The 'Require Re-Approval on edit of Sales Order' preference is not set.
, A customer has multiple open sales orders on file. A customer deposit is applied to the wrong sales
order. What is the process to unlink the deposit from the sales order to allow it to be applied to a
different one? - ANSWER-B. Change the sales order form to a cash sale.
What are two considerations for shipping integration? - ANSWER-C. Both FedEx and UPS support use
of negotiated rates when charging customers for shipping. D. Shipping Items can be used by multiple
subsidiaries, as long as they have the same base currency.
Which statement is true about enabling the Multi-Location Inventory feature? - ANSWER-C. The
Enable Multi-Location Inventory feature can be enabled anytime after enabling the Inventory Feature.
An employee reports eight hours of consulting services for three days to the same customer. Which
two invoicing preferences option will produce an invoice with 24 hours of time at the billable rate? -
ANSWER-A. Group Time by Employee B. Combine Time Items on Invoices
A company sells yearly service contracts for $1,000 that require a 10% initial fee. These are
sometimes discounted. They bill at the end of each month. How should the billing schedule for this
company be configured? Which three settings would be correct? Recurrence frequency is monthly. -
ANSWER-B. Initial amount is set to 10% C. In Arrears is Enabled F. Recurrence count is 12
Match the Revenue Recognition Feature with how it can be used. 1. Revenue Commitment 2. VSOE 3.
Revenue Recognition Schedule 4. Revenue Recognition Template - ANSWER-3. Revenue Recognition
Schedule - A. Shows list of Revenue Recognition Journal Entries to be generated 2. VSOE - B. Allows
auto-allocation of revenue across elements sold in a bundle 1. Revenue Commitment - C. Allows
recognition of revenue before invoicing 4. Revenue Recognition Template - D. Allows definition of %
of revenue to be recognized up front
With credit card integration enabled, what happens when a standalone cash sale (no preceding sales
order) is saved with a Credit Card payment type selected? - ANSWER-C. Authorize and charge/capture
a credit card
Which statement is true about the default impact of receiving a customer return? - ANSWER-a. The
returned item is added to available inventory.
What impact does the manager commission schedule have on the commissions a Manager receives? -
ANSWER-C. Manager schedules calculate commission for Sales Managers based on the sales made by
Sales Reps they supervise as well as the sales they make directly.
Which Center Type is used to grant customers access to 'My Account'? - ANSWER-Ecommerce Center
A company is a big box retailer of kitchen appliances. Every kitchen appliance sold has a unique 13-
digit alphanumeric code that every consumer must reference when doing the following:
· Registering their product online for a factory warranty
· Returning a defective appliance back to the manufacturer
Which feature most fully meets this company's needs given these requirements and characteristics? -
ANSWER-Serialized Inventory Items
Which two statements are true about Intercompany Inventory transactions? - ANSWER-A. Drop ship
and Special Order are both supported between subsidiaries.
B. Pick, Pack, Ship is an option for intercompany transfers, just as for fulfillments of sales to customers.
Which three actions are supported using assembly functionality? - ANSWER-A. Including service items
as a component in the assembly
B. Including components that are serialized or lot-numbered items
D. Tracking variation in the quantities of components from one batch of assemblies to the next
Sample
Which three requirements can be addressed using standard NetSuite functionality in Accounting
Preferences? - ANSWER-A. Automatically Email Drop Ship P.O.s.
B. Send Order Fulfilled Confirmation Emails.
D. Send Email Confirmation when Sales Order Canceled.
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. Which two configurations are required to meet these requirements? -
ANSWER-B. Enable the accounting preference Make Classes Mandatory.
D. Create a dummy value called 'No Class' to select on transactions where a product line is not
applicable.
Which action is recommended for undesired accounts in preparing for go-live? - ANSWER-B. Leave
undesired accounts active in case transactions post to them.
What is a benefit of viewing Chart of Accounts with Show Inactives Marked? - ANSWER-C. Amounts
posted to inactive default accounts are visible.
Which three valid characteristics affect setting up and assigning NetSuite default segments
(Department/Class/Location)? - ANSWER-A. Locations are available for tracking inventory.
B. Segments can be used to restrict data access.
E. Departments can be defined in a hierarchy for reporting purposes.
Which segment combinations require SuiteScript? - ANSWER-B. Limit Class to specific Departments
Which two statements are true about the Multiple Calendars feature? - ANSWER-B. Without this
feature, the Tax Years are the same across all subsidiaries.
D. With this feature, different fiscal calendar definitions can be used on the same subsidiary for
accounting and tax periods.
What is the impact of enabling the 'Void Transactions Using Reversing Journals' setting? - ANSWER-B.
It displays a VOID button on the transaction and creates a Reversing Journal Entry.
Which functionality is included when the Consolidated Payments feature is enabled? - ANSWER-C.
The A/R Aging report shows the un-consolidated balance for each subcustomer.
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 two features and/or functions in NetSuite need to be enabled? - ANSWER-C.
Multiple Shipping Routes
D. Enable Line Item Shipping
A company's corporate policy requires re-approval for any changes made to approved sales orders
prior to fulfillment. A sales order was entered, approved and then changed but did not go back
through the approval process. Why did this sales order not go back through the approval process? -
ANSWER-B. The 'Require Re-Approval on edit of Sales Order' preference is not set.
, A customer has multiple open sales orders on file. A customer deposit is applied to the wrong sales
order. What is the process to unlink the deposit from the sales order to allow it to be applied to a
different one? - ANSWER-B. Change the sales order form to a cash sale.
What are two considerations for shipping integration? - ANSWER-C. Both FedEx and UPS support use
of negotiated rates when charging customers for shipping. D. Shipping Items can be used by multiple
subsidiaries, as long as they have the same base currency.
Which statement is true about enabling the Multi-Location Inventory feature? - ANSWER-C. The
Enable Multi-Location Inventory feature can be enabled anytime after enabling the Inventory Feature.
An employee reports eight hours of consulting services for three days to the same customer. Which
two invoicing preferences option will produce an invoice with 24 hours of time at the billable rate? -
ANSWER-A. Group Time by Employee B. Combine Time Items on Invoices
A company sells yearly service contracts for $1,000 that require a 10% initial fee. These are
sometimes discounted. They bill at the end of each month. How should the billing schedule for this
company be configured? Which three settings would be correct? Recurrence frequency is monthly. -
ANSWER-B. Initial amount is set to 10% C. In Arrears is Enabled F. Recurrence count is 12
Match the Revenue Recognition Feature with how it can be used. 1. Revenue Commitment 2. VSOE 3.
Revenue Recognition Schedule 4. Revenue Recognition Template - ANSWER-3. Revenue Recognition
Schedule - A. Shows list of Revenue Recognition Journal Entries to be generated 2. VSOE - B. Allows
auto-allocation of revenue across elements sold in a bundle 1. Revenue Commitment - C. Allows
recognition of revenue before invoicing 4. Revenue Recognition Template - D. Allows definition of %
of revenue to be recognized up front
With credit card integration enabled, what happens when a standalone cash sale (no preceding sales
order) is saved with a Credit Card payment type selected? - ANSWER-C. Authorize and charge/capture
a credit card
Which statement is true about the default impact of receiving a customer return? - ANSWER-a. The
returned item is added to available inventory.
What impact does the manager commission schedule have on the commissions a Manager receives? -
ANSWER-C. Manager schedules calculate commission for Sales Managers based on the sales made by
Sales Reps they supervise as well as the sales they make directly.
Which Center Type is used to grant customers access to 'My Account'? - ANSWER-Ecommerce Center
A company is a big box retailer of kitchen appliances. Every kitchen appliance sold has a unique 13-
digit alphanumeric code that every consumer must reference when doing the following:
· Registering their product online for a factory warranty
· Returning a defective appliance back to the manufacturer
Which feature most fully meets this company's needs given these requirements and characteristics? -
ANSWER-Serialized Inventory Items
Which two statements are true about Intercompany Inventory transactions? - ANSWER-A. Drop ship
and Special Order are both supported between subsidiaries.
B. Pick, Pack, Ship is an option for intercompany transfers, just as for fulfillments of sales to customers.
Which three actions are supported using assembly functionality? - ANSWER-A. Including service items
as a component in the assembly
B. Including components that are serialized or lot-numbered items
D. Tracking variation in the quantities of components from one batch of assemblies to the next
