Free Practice Questions for Oracle N16599GC10 Exam

Question 1

What is a characteristic of Intercompany JEs?

AAn elimination subsidiary must be one of the included subsidiaries

BThey require a minimum of 2 lines

CIf they are unbalanced between subsidiaries, they must balance within each subsidiary

DThe exchange rate can be set manually

Correct Answer: C. If they are unbalanced between subsidiaries, they must balance within each subsidiary

Question 2

Which setting requires separate review of sales orders?

APending approval status

BPending fulfillment status

CCredit Limit

DPending Billing status

Correct Answer: A. Pending approval status

Question 3

What is true about multi-currency Customers?

ACustomers may use an unlimited number of currencies.

BCustomers can choose to pay an invoice in any currency.

CSub customers must transact in the currency of the Parent Customer.

DCustomers are limited to the currency of the subsidiary they are linked to.

Correct Answer: A. Customers may use an unlimited number of currencies.

Question 4

Which statement is true about re-opening closed periods?

AThe period close checklist is only required the first time you close a period

BOnly administrator can re-open closed periods

CIf only one period is re-opened, no other periods are affected

DA justification must be entered to re-open a closed period

Correct Answer: D. A justification must be entered to re-open a closed period

Question 5

Which three steps are required to prevent someone from accessing some accounts but not others?

AAssign a Currency to the account

BUse the NetSuite default standard role

CCustomize the role to restrict access by segment

DDesignate Department | Class | Location on the account

ETag the Employee record to Department | Class | Location

Correct Answer: C. Customize the role to restrict access by segment; D. Designate Department | Class | Location on the account; E. Tag the Employee record to Department | Class | Location

Question 6

How must a Bank Account be denominated when using the multi-currency feature?

AIt may be denominated in any one currency.

BIt may be denominated in multiple currencies.

CIt must be denominated in the Base Currency of the subsidiary.

DIt must be denominated in the Base Currency of the Root Subsidiary

Correct Answer: A. It may be denominated in any one currency.

Question 7

What is the order of steps for the NetSuite standard accounts receivable process?

AApprove Sales Order > Fulfill Sales Order > Bill Sales Order

BApprove Sales Order > Bill Sales Order > Fulfill Sales Order

CFulfill Sales Order > Approve Sales Order > Bill Sales Order

DBill Sales Order > Approve Sales Order > Fulfill Sales Order

Correct Answer: A. Approve Sales Order > Fulfill Sales Order > Bill Sales Order

Question 8

Characteristics of purchase order in NetSuite?

Apurchase in the currency the of the vendor's primary subsidiary

Bpurchase order must be in the primary currency of the vendor

Ca purchase requisition is required before creating a purchase order

Dpurchase orders have no accounting/GL impact

Correct Answer: D. purchase orders have no accounting/GL impact

Question 9

Which account in a general ledger is being cleared when Make Deposits transaction is used?

AAccounts Payable

BUndeposited Funds

CCustomer Deposits

DAccounts Receivable

Correct Answer: B. Undeposited Funds

Question 10

Which statement is true about budgets in NetSuite?

Abudgets must be entered manually

Bbudgets can only be created for income and expense accounts

Cbudgets hold setting for expenses will prevent overspending

DMultiple budgets can be created for the same year and criteria

Correct Answer: D. Multiple budgets can be created for the same year and criteria