netsuite NETSUITE FINANCIAL USER Exam Questions

Questions for the NETSUITE FINANCIAL USER were updated on : Nov 21 ,2025

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Question 1

How are fiscal calendars used by subsidiaries?

  • A. Each subsidiary may use its own fiscal calendar.
  • B. Each period may be closed separately in each subsidiary.
  • C. Each period must be locked in each subsidiary separately.
  • D. Parent-Child subsidiaries must use the same fiscal calendar
Answer:

A

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Question 2

What are two considerations for managing multiple fiscal calendars? Choose two

  • A. Periods are created separately for each fiscal calendar
  • B. A subsidiary can have multiple fiscal calendars without multi-Book
  • C. A fiscal calendar can be used by multiple subsidiaries
  • D. Periods are shared across fiscal calendars.
Answer:

C, D

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Question 3

Which statement is true about the Period Close Checklist?

  • 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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Question 4

Which statement is true about re-opening closed periods?

  • A. The period close checklist is only required the first time you close a period
  • B. Only administrator can re-open closed periods
  • C. If only one period is re-opened, no other periods are affected
  • D. A justification must be entered to re-open a closed period
Answer:

D

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Question 5

On which financial statement are invoices summarized?

  • A. Balance sheet
  • B. GL
  • C. Income Statement
  • D. AP Aging
Answer:

A

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Question 6

Which two criteria can be used to define a custom section in a custom financial statement? (Choose
two)

  • A. Date of Account Created
  • B. Department
  • C. Account Balance
  • D. Name of Account
Answer:

B, D

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Question 7

Which report shows the total value of current assets?

  • A. Balance Sheet
  • B. General Ledger
  • C. Profit and Loss / Income Statement
  • D. Cash Flow Statement
Answer:

A

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Question 8

Which row type in a Financial Report allows display of the same unmodified data from another row?

  • A. Text Row
  • B. Echo Row
  • C. Formula Row
  • D. Reference Row
Answer:

D

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Question 9

Which expense allocation use case requires the use of statistical accounts

  • A. Static division of rent based on location
  • B. Division of recruiting based on headcount
  • C. Predefined split of marketing costs among sales channels
  • D. Even 50/50 split of receptionist salary based on department
Answer:

B

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Question 10

How can an Expense Allocation Schedule be set up to dynamically recalculate weighting each time it
is applied?

  • A. Use custom segments
  • B. Use a statistical account
  • C. Click the Update Sample Weights button.
  • D. Predefine the weighting when setting up the schedule
Answer:

D

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Question 11

What are two differences between fixed and dynamic allocation schedules? (Choose two.)

  • A. Fixed allocation requires zeroing out the source account.
  • B. Dynamic allocation requires zeroing out the source account.
  • C. Dynamic allocation schedules must use statistical accounts.
  • D. Fixed allocation schedules must have predefined weighting that does not change
Answer:

C, D

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Question 12

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

  • A. The target must be one subsidiary
  • B. The source must be one subsidiary
  • C. The target can be multiple subsidiary
  • D. The source can be multiple subsidiary
Answer:

C, D

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Question 13

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

  • A. The target must be one account
  • B. The source must be one account.
  • C. The target can be multiple accounts
  • D. The source can be multiple accounts
Answer:

C, D

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Question 14

Which statement is true about expense allocations?

  • A. Allocation schedules can only be set to a frequency of once per month
  • B. Allocation JEs must zero out the source expense account
  • C. Allocation schedules can be assigned to any expense account
  • D. Allocation schedules are assigned to specific purchase transactions
Answer:

C

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Question 15

Which statement is true about Local versus Global budgets?

  • A. Local budget can be entered in the currency of the parent or the child subsidiary.
  • B. Global budgets can be entered in the currency of the parent or the child subsidiary.
  • C. Budgets are automatically converted in reports to show in the currency context being viewed.
  • D. It is recommended that either a Global or a Local budget should be used, rather than both types.
Answer:

C

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