NETSUITE ERP CONSULTANT EXAM
PRACTICE QUESTIONS WITH VERIFIED
SOLUTIONS NEW MODIFIED VERSION
What is a benefit of viewing Chart of Accounts with Show Inactives Marked?
A. Accounts can be sorted by subsidiary.
B. The Inline Editing option becomes available.
C. Amounts posted to inactive default accounts are visible.
D. Inactive and delete checkboxes can be used to disable features. --CORRECT
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)?
A. Locations are available for tracking inventory.
B. Segments can be used to restrict data access.
C. Segments can be defined in relation to each other.
D. Only Classes can be configured for Commissions.
E. Departments can be defined in a hierarchy for reporting purposes. --
CORRECT ANSWER--A. Locations are available for tracking inventory.
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,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?
A. Limit Account to specific Classes
B. Limit Class to specific Departments
C. Limit Account to specific Subsidiaries
D. Limit Department to specific Subsidiaries --CORRECT ANSWER--B. Limit
Class to specific Departments
Which two statements are true about the Multiple Calendars feature?
A. Without this feature, Tax Periods are the same as Accounting Periods.
B. Without this feature, the Tax Years are the same across all subsidiaries.
C. With this feature, U.S. and Canadian subsidiaries can utilize Tax Period
functionality.
D. With this feature, different fiscal calendar definitions can be used on the
same subsidiary for accounting
and tax periods. --CORRECT ANSWER--B. Without this feature, the Tax
Years are the same across all subsidiaries.
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,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?
A. It displays a VOID button on the transaction and voids the Journal Entry.
B. It displays a VOID button on the transaction and creates a Reversing Journal
Entry.
C. It displays a CANCEL button on the transaction and allows a manual Journal
Entry to be associated.
D. It displays a CANCEL button on the transaction and negates the GL impact,
making the transaction nonposting. --CORRECT ANSWER--B. It displays a
VOID button on the transaction and creates a Reversing Journal Entry.
Which three requirements can be addressed using standard NetSuite
functionality in accounting preferences?
A. Automatically Email Drop Ship P.O.s.
B. Send Order Fulfilled Confirmation Emails.
C. Send Email Confirmation when Sales Order Updated.
D. Send Email Confirmation when Sales Order Canceled.
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, E. Automatically Email Sales Rep on Sales Order Approval. --CORRECT
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?
A. Set a default value based on the Class of the current user.
B. Enable the accounting preference Make Classes Mandatory.
C. Disable 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. --CORRECT 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.
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PRACTICE QUESTIONS WITH VERIFIED
SOLUTIONS NEW MODIFIED VERSION
What is a benefit of viewing Chart of Accounts with Show Inactives Marked?
A. Accounts can be sorted by subsidiary.
B. The Inline Editing option becomes available.
C. Amounts posted to inactive default accounts are visible.
D. Inactive and delete checkboxes can be used to disable features. --CORRECT
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)?
A. Locations are available for tracking inventory.
B. Segments can be used to restrict data access.
C. Segments can be defined in relation to each other.
D. Only Classes can be configured for Commissions.
E. Departments can be defined in a hierarchy for reporting purposes. --
CORRECT ANSWER--A. Locations are available for tracking inventory.
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,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?
A. Limit Account to specific Classes
B. Limit Class to specific Departments
C. Limit Account to specific Subsidiaries
D. Limit Department to specific Subsidiaries --CORRECT ANSWER--B. Limit
Class to specific Departments
Which two statements are true about the Multiple Calendars feature?
A. Without this feature, Tax Periods are the same as Accounting Periods.
B. Without this feature, the Tax Years are the same across all subsidiaries.
C. With this feature, U.S. and Canadian subsidiaries can utilize Tax Period
functionality.
D. With this feature, different fiscal calendar definitions can be used on the
same subsidiary for accounting
and tax periods. --CORRECT ANSWER--B. Without this feature, the Tax
Years are the same across all subsidiaries.
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,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?
A. It displays a VOID button on the transaction and voids the Journal Entry.
B. It displays a VOID button on the transaction and creates a Reversing Journal
Entry.
C. It displays a CANCEL button on the transaction and allows a manual Journal
Entry to be associated.
D. It displays a CANCEL button on the transaction and negates the GL impact,
making the transaction nonposting. --CORRECT ANSWER--B. It displays a
VOID button on the transaction and creates a Reversing Journal Entry.
Which three requirements can be addressed using standard NetSuite
functionality in accounting preferences?
A. Automatically Email Drop Ship P.O.s.
B. Send Order Fulfilled Confirmation Emails.
C. Send Email Confirmation when Sales Order Updated.
D. Send Email Confirmation when Sales Order Canceled.
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, E. Automatically Email Sales Rep on Sales Order Approval. --CORRECT
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?
A. Set a default value based on the Class of the current user.
B. Enable the accounting preference Make Classes Mandatory.
C. Disable 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. --CORRECT 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.
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