Question 1

Which two statements are true about budgets in NetSuite? (Choose two.)

Options :

A : Budgets can use statistical accounts

B : Budgets set to "Enforce" prevent overspending.

C : Global budget amounts may fluctuate when viewed in root parent currency.

D : Local budget amounts may fluctuate when consolidated to parent subsidiary view.

Answer: A,D

Question 2

Which two are elements unique to setting up Financial Sections in a NetSuite Financial report? (Choose two.)

Options :

A : Formula rows calculate from the row immediately above

B : Each Section can be customized to have multiple account types.

C : Each Financial Section has its own header and summary row.

D : Custom sections are restricted to one account type.

Answer: B,C

Question 3

Which two statements are true about setting up intercompany expense allocations? (Choose two.)

Options :

A : The source may be multiple subsidiaries

B : The source must be one subsidiary

C : The target can only be one subsidiary.

D : The target may be multiple subsidiaries.

Answer: B,D

Question 4

Which report shows the total value of current assets?

Options :

A : Balance Sheet

B : General Ledger

C : Profit and Loss / Income Statement

D : Cash Flow Statement

Answer: A

Question 5

Which statement is true about the Period Close Checklist?

Options :

A : This is required for Year-End Close.

B : Tasks may be completed in any order.

C : Customer-specific steps can be added.

D : Tasks displayed depend upon features enabled.

Answer: D

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