NetSuite-Financial-User Exam Topics

NetSuite-Financial-User Exam Overview :

Exam Name:	NetSuite Financial User Certification
Exam Code:	NetSuite-Financial-User
Certifications:	NetSuite Certifications
See Expected Questions:	NetSuite NetSuite-Financial-User Expected Questions in Actual Exam

NetSuite-Financial-User Exam Objectives :

Section	Objectives
Subsidiaries, Classifications, Chart of Accounts	The concept of subsidiaries, their various types, and their applications. Recognize the overall purpose of classifications (Departments\|Classes\| Locations) in both transactions and reporting. Recognize the consequences of configuring and limiting access to the chart of accounts. Recognize the effects of determining the account type.
Accounts Receivable	Recognize the procedures involved in the standard Accounts Receivable process flow in NetSuite. Understand the factors to consider when configuring Customer records. Recognize the stages involved in generating NetSuite Invoices. Identify the procedures involved in receiving customer payments. Recognize the steps and the impact on the General Ledger (GL) when processing customer deposits. Identify the steps involved in the credit and refund process.
Billing Schedules	Discover the actions that help to configure and implement the billing schedules.
Accounts Payable	Identify the procedures within the standard Accounts Payable process flow in NetSuite. Understand the factors to consider when configuring Vendor records. Recognize the stages involved in generating NetSuite purchase orders and bills. Identify the steps involved in vendor payments.
Banking and Payment Processing	Recognize the procedures involved in default banking transactions within NetSuite. Understand the potential implications of establishing cash and bank accounts. Identify the necessary steps for reconciling monthly bank and credit card statements in NetSuite.
Journal Entries	Understand the purpose and usage of journal entries. Recognize the distinctions between elimination and intercompany journal entries in their setup and application.
Budgeting	Recognize the procedures for generating and reporting on budgets within NetSuite.
Expense Allocations	Recognize the procedures for configuring and implementing expense allocations in NetSuite. Understand the distinction between fixed and dynamic allocation modes.
Financial Reports and KPIs	Recognize the distinctive features of the Financial Report Builder Interface. Understand how NetSuite transactions affect financial reports.
Period and YearEnd Close	Understand NetSuite's suggested practices for period closure and the structure of accounting/tax periods. Recognize the options available for managing multiple subsidiaries and fiscal calendars separately.

Updates in the NetSuite-Financial-User Exam Topics:

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