©FYNDLAY 2025 ALL RIGHTS RESERVED 12:36 PM A+
NetSuite ERP Consultant Exam Prep
Questions And Answers |Latest 2025 |
Guaranteed Pass
Take the sample exam online here. -
Answer✔https://www.classroomclipboard.com/876109/Test/99219B4D-BED8-4606-A82A-
5CB05BFE3B98
Access Code: D7THL2E
Revenue Recognition - Revenue Commitment - Answer✔Separates the billing and revenue
recognition functions, enabling you to recognize revenue and bill customers at different times
and to recognize revenue in amounts that differ from the amounts billed to customers.
A revenue commitment is a non-posting transaction. It serves as the placeholder for the
revenue recognition schedule that generates the posting revenue recognition journal entries
Revenue Recognition - VSOE - Answer✔Vendor-Specific Objective Evidence (VSOE) feature to
ensure that your company properly recognizes revenue for products and services sold as part of
a bundle.
Revenue Recognition - Revenue Recognition Schedule - Answer✔Determined the journal
entries that need to be generated to record the impact of item sales.
1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 12:36 PM A+
Revenue Recognition - Revenue Recognition Template - Answer✔Indicate how revenue from
associated items should be posted
Landed Cost - Landed Cost can be by - Answer✔Weight, Cost, Quantity, or manual
Item Pricing - Pricing applied according to the quantity included in the line item - Answer✔By
Line Quantity
Item Pricing - Pricing is applied for all line items for the same item on a transaction -
Answer✔By Overall Item Quantity
Item Pricing - Pricing is applied for all items in the same hierarchy - Answer✔by Overall Parent
Quantity
SQL Functions : NULLIF - Answer✔To avoid divide by zero errors; if the results is zero, replace
with null
SQL Functions : CASE - Answer✔Returns value based on different conditions
SQL Functions : IS NULL - Answer✔Display "unassigned" in results if blank
SQL Functions : TO_CHAR - Answer✔Display date by day of the week
SQL Functions : DECODE - Answer✔Compares 2 values, then returns specified parameter if they
match
Custom Records - Enable Optimistic Locking - Answer✔Causes the system to check for
conflicting updates when users attempt to save updates to a custom record instance
2
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 12:36 PM A+
Custom Records - Enable Inline Editing - Answer✔Allow records to be edited directly when they
display as a LIST
Custom Records - Enable System Notes - Answer✔Tracks all changes made to a record
Custom Records - Allow Child Record Editing - Answer✔Allow records to be edited directly
when they display as a SUBLIST
True or False: A disabled field can display a default value - Answer✔TRUE
True or False : A disabled field is not available for transaction line (column) fields -
Answer✔FALSE
True or False : If a field does not have a default, sourced, or custom information, it will not
display on a form - Answer✔FALSE
What is the impact of using the "Filter Using" setting when creating a custom Trans Body field,
beyond allowing the user to source data onto the transaction? - Answer✔This field allows the
dynamic filtering of the list/record field by a particular attribute
True or False : There is an "in Transit" option for inventory during which time it is not counted
as an asset for either subsidiary - Answer✔FALSE
Tax - If subsidiaries share multiple Tax Nexuses, what is the correct order - Answer✔1.
International Tax
2. Subsidiary
3. Tax Agency
4. Nexus
5. Tax Codes, groups, schedules, types, periods
3
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 12:36 PM A+
Tax - What are the 6 tax editions in NetSuite - Answer✔International, US, Japan, UK, Canada,
Australia
Subsidiaries : Contacts associated with 1 sub may be linked to a customer/vendor associated
with another sub - Answer✔Transactions are never against the contact
Sub-customers associated with 1 sub can be linked to parent customers associated with
another sub - Answer✔Only if accept payment thru parent is disabled
Tax - Tax Period - Answer✔Defines a period over which your company tracks tax. A tax period
can be a month, a quarter, or a year, depending on the frequency of your tax submissions or
what your business has agreed with the local tax agency. You can run monthly, quarterly, or
annual VAT/GST reports in NetSuite.
Available in all non-US & non-Canada editions
Tax - Tax Nexus - Answer✔A nexus is a tax jurisdiction. Nexuses are part of the NetSuite
Advanced Taxes feature, required for NetSuite OneWorld.
Each subsidiary must be associated with at least one nexus. The first nexus is automatically
assigned to a subsidiary based on the country entered for the subsidiary's address. A subsidiary
can have more than one nexus. A nexus and its related tax items can be shared by multiple
subsidiaries.
Tax - Tax Type - Answer✔A tax type determines where the tax paid or collected is tracked on
the balance sheet. The balance sheet account to which NetSuite posts the collection or
payment of tax is called the tax control account.
Tax - Tax Code - Answer✔Contain information about tax rates and the types of transactions
that the tax codes should be applied to.
4
NetSuite ERP Consultant Exam Prep
Questions And Answers |Latest 2025 |
Guaranteed Pass
Take the sample exam online here. -
Answer✔https://www.classroomclipboard.com/876109/Test/99219B4D-BED8-4606-A82A-
5CB05BFE3B98
Access Code: D7THL2E
Revenue Recognition - Revenue Commitment - Answer✔Separates the billing and revenue
recognition functions, enabling you to recognize revenue and bill customers at different times
and to recognize revenue in amounts that differ from the amounts billed to customers.
A revenue commitment is a non-posting transaction. It serves as the placeholder for the
revenue recognition schedule that generates the posting revenue recognition journal entries
Revenue Recognition - VSOE - Answer✔Vendor-Specific Objective Evidence (VSOE) feature to
ensure that your company properly recognizes revenue for products and services sold as part of
a bundle.
Revenue Recognition - Revenue Recognition Schedule - Answer✔Determined the journal
entries that need to be generated to record the impact of item sales.
1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 12:36 PM A+
Revenue Recognition - Revenue Recognition Template - Answer✔Indicate how revenue from
associated items should be posted
Landed Cost - Landed Cost can be by - Answer✔Weight, Cost, Quantity, or manual
Item Pricing - Pricing applied according to the quantity included in the line item - Answer✔By
Line Quantity
Item Pricing - Pricing is applied for all line items for the same item on a transaction -
Answer✔By Overall Item Quantity
Item Pricing - Pricing is applied for all items in the same hierarchy - Answer✔by Overall Parent
Quantity
SQL Functions : NULLIF - Answer✔To avoid divide by zero errors; if the results is zero, replace
with null
SQL Functions : CASE - Answer✔Returns value based on different conditions
SQL Functions : IS NULL - Answer✔Display "unassigned" in results if blank
SQL Functions : TO_CHAR - Answer✔Display date by day of the week
SQL Functions : DECODE - Answer✔Compares 2 values, then returns specified parameter if they
match
Custom Records - Enable Optimistic Locking - Answer✔Causes the system to check for
conflicting updates when users attempt to save updates to a custom record instance
2
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 12:36 PM A+
Custom Records - Enable Inline Editing - Answer✔Allow records to be edited directly when they
display as a LIST
Custom Records - Enable System Notes - Answer✔Tracks all changes made to a record
Custom Records - Allow Child Record Editing - Answer✔Allow records to be edited directly
when they display as a SUBLIST
True or False: A disabled field can display a default value - Answer✔TRUE
True or False : A disabled field is not available for transaction line (column) fields -
Answer✔FALSE
True or False : If a field does not have a default, sourced, or custom information, it will not
display on a form - Answer✔FALSE
What is the impact of using the "Filter Using" setting when creating a custom Trans Body field,
beyond allowing the user to source data onto the transaction? - Answer✔This field allows the
dynamic filtering of the list/record field by a particular attribute
True or False : There is an "in Transit" option for inventory during which time it is not counted
as an asset for either subsidiary - Answer✔FALSE
Tax - If subsidiaries share multiple Tax Nexuses, what is the correct order - Answer✔1.
International Tax
2. Subsidiary
3. Tax Agency
4. Nexus
5. Tax Codes, groups, schedules, types, periods
3
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 12:36 PM A+
Tax - What are the 6 tax editions in NetSuite - Answer✔International, US, Japan, UK, Canada,
Australia
Subsidiaries : Contacts associated with 1 sub may be linked to a customer/vendor associated
with another sub - Answer✔Transactions are never against the contact
Sub-customers associated with 1 sub can be linked to parent customers associated with
another sub - Answer✔Only if accept payment thru parent is disabled
Tax - Tax Period - Answer✔Defines a period over which your company tracks tax. A tax period
can be a month, a quarter, or a year, depending on the frequency of your tax submissions or
what your business has agreed with the local tax agency. You can run monthly, quarterly, or
annual VAT/GST reports in NetSuite.
Available in all non-US & non-Canada editions
Tax - Tax Nexus - Answer✔A nexus is a tax jurisdiction. Nexuses are part of the NetSuite
Advanced Taxes feature, required for NetSuite OneWorld.
Each subsidiary must be associated with at least one nexus. The first nexus is automatically
assigned to a subsidiary based on the country entered for the subsidiary's address. A subsidiary
can have more than one nexus. A nexus and its related tax items can be shared by multiple
subsidiaries.
Tax - Tax Type - Answer✔A tax type determines where the tax paid or collected is tracked on
the balance sheet. The balance sheet account to which NetSuite posts the collection or
payment of tax is called the tax control account.
Tax - Tax Code - Answer✔Contain information about tax rates and the types of transactions
that the tax codes should be applied to.
4
