Overview

NetSuite Financial User Certification proves that you have enough knowledge of foundational needs and understand the NetSuite accounting and finance functionality. Those who have passed the NetSuite Financial Management and want to enhance their skills in NetSuite's accounting features, fully understand NetSuite release cycles and master NetSuite standard accounting modules. About the Exam:You have to pay a fee of $250 which is nonrefundable. You have to pay an additional $150 if you want to retake the exam. This will be a live proctored examination. You can not use any type of online or offline study references.Topics Covered:Recognize what a subsidiary is, the types of subsidiaries, and how they are usedIdentify the general functionality of classifications (Departments Classes Locations) onboth transactions and reportingIdentify implications of setup and restricting access to a chart of accounts.Identify the impact of setting the account type.Recognize steps in NetSuite standard Accounts Receivable process flow.Identify considerations when setting up Customer records.Identify steps in creating NetSuite Invoices.Identify steps in accepting customer payments.Identify steps and GL impact in accepting customer deposits.Identify steps of the credit and refund process.Identify steps in setting up and applying billing schedulesRecognize steps in NetSuite standard Accounts Payable process flow.Identify considerations when setting up Vendor recordsIdentify steps in creating NetSuite purchase orders and bills.Identify steps in paying vendorsRecognize steps in NetSuite default banking transactionsIdentify implications of setting up cash and bank accountsIdentify steps to reconcile monthly bank and credit card statements in NetSuiteRecognize how journal entries are used.Recognize differences between elimination and intercompany journal entries in setup andusageIdentify steps to create and report on budgets in NetSuiteIdentify steps in setting up and applying expense allocations in NetSuiteRecognize the difference between fixed and dynamic allocation modesIdentify elements unique to the Financial Report Builder InterfaceRecognize the impact of NetSuite transactions on financial reportsAll of these Questions and Answers are written by industry experts. NetSuite Financial User Practice Tests and Questions and Answers are the best way to prepare for your exam. You can also gain some knowledge from NetSuite Financial User Study Guides and Video Courses. This will help you to enhance your skills.

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