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Oracle NetSuite Financial User Sample Questions (Q42-Q47):
NEW QUESTION # 42
Which account type is non-posting?
- A. Unbilled Receivable
- B. Deferred Expense
- C. Statistical Account-*Statistical accounts are non-monetary accounts that can be used to maintain statistical information for a variety of metrics. For example, a statistical account could be established to maintain the employee headcount by the department in an organization.
- D. Other Current Liability
Answer: C
NEW QUESTION # 43
What are two characteristics of setting up Bank Accounts? (Choose 2)
- A. A bank account can be held in multiple currencies
- B. A bank account must be held in one currency only
- C. A bank account must belong to only one subsidiary
- D. A bank account can be shared by multiple subsidiaries
Answer: B,C
NEW QUESTION # 44
What is an example of a subsidiary?
- A. A warehouse
- B. A wholly owned company
- C. A clearing account
- D. The direct sales division
Answer: B
NEW QUESTION # 45
Which two statements are true about budgets in NetSuite? (Choose two.)
- A. Local budget amounts may fluctuate when consolidated to parent subsidiary view.
- B. Budgets can use statistical accounts
- C. Budgets set to "Enforce" prevent overspending.
- D. Global budget amounts may fluctuate when viewed in root parent currency.
Answer: A,B
NEW QUESTION # 46
How are fiscal calendars used by subsidiaries?
- A. Each period may be closed separately in each subsidiary.
- B. Each subsidiary may use its own fiscal calendar.
- C. Each period must be locked in each subsidiary separately.
- D. Parent-Child subsidiaries must use the same fiscal calendar
Answer: B
NEW QUESTION # 47
......
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