Oracle N16599GC10 Test Engine Practice Test Questions, Exam Dumps [Q48-Q68]


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Oracle N16599GC10 Test Engine Practice Test Questions, Exam Dumps

100% Free N16599GC10 Daily Practice Exam With 87 Questions

Oracle N16599GC10 Exam Syllabus Topics:

Topic Details
Topic 1
  • Subsidiaries, Classifications, Chart of Accounts: This section of the exam measures skills of Financial Systems officers and covers understanding subsidiaries, their types, and their role in financial management within NetSuite. It includes knowledge of classifications such as departments, classes, and locations, and how they affect transactions and reporting. Candidates are also assessed on managing the chart of accounts, setting account types, and applying access restrictions appropriately.
Topic 2
  • Accounts Receivable: This section of the exam measures skills of Accounts Receivable Specialists and covers the end-to-end NetSuite accounts receivable process flow. It evaluates knowledge of customer record setup, invoice creation, customer payments, and deposits. The section also tests understanding of the general ledger impact of receivable transactions and best practices in managing customer-related financial operations.
Topic 3
  • Banking and Payment Processing: This section of the exam measures skills of Treasury Analysts and covers managing default banking transactions in NetSuite. It involves setting up cash and bank accounts, processing payments, and reconciling monthly bank and credit card statements. The focus is on maintaining accuracy and compliance in financial reconciliation.
Topic 4
  • Period and Year-End Close: This section of the exam measures the skills of Accounting Managers and covers best practices for closing accounting and tax periods in NetSuite. It includes managing multiple subsidiaries, handling separate fiscal calendars, and ensuring accurate and compliant financial closure processes.
Topic 5
  • Accounts Payable: This section of the exam measures skills of Accounts Payable Specialists and covers the NetSuite accounts payable process. It includes setting up vendor records, creating purchase orders, processing bills, and executing vendor payments. Candidates are evaluated on their ability to manage payables efficiently within standard NetSuite workflows.
Topic 6
  • Financial Reports and KPIs: This section of the exam measures the skills of Financial Reporting Analysts and covers building and interpreting financial reports using NetSuite Financial Report Builder Interface. It focuses on understanding how transactions impact reports and how to track financial performance through key performance indicators (KPIs).

 

NO.48 What are two characteristics of setting up Bank Accounts? (Choose 2)

 
 
 
 

NO.49 What is true about multi-currency Customers?

 
 
 
 

NO.50 To which account should the customer payments be posted, to consolidate all customer payments recorded through the day into one bank deposit at the end of the day?

 
 
 
 

NO.51 What are two considerations for managing multiple fiscal calendars? Choose two

 
 
 
 

NO.52 How can an Expense Allocation Schedule be set up to dynamically recalculate weighting each time it is applied?

 
 
 
 

NO.53 Which two boxes must be used to reverse the journal entry next month (choose 2)

 
 
 
 
 

NO.54 Write Check transaction and a Pay Vendor transaction the difference?

 
 
 
 

NO.55 What is true about approving Journal Entries?

 
 
 
 

NO.56 Which two statements are true about Invoices in NetSuite? (Choose two)

 
 
 
 

NO.57 Which statement is true about the Period Close Checklist?

 
 
 
 

NO.58 How can the financial reports be kept separate when tracking finances for two wholly owned but distinct legal entities in one NetSuite account?

 
 
 
 

NO.59 What is a characteristic of Intercompany JEs?

 
 
 
 

NO.60 Which statement is true about re-opening closed periods?

 
 
 
 

NO.61 A sales order should be billed when certain key project tasks have been completed

 
 
 
 

NO.62 What does the setting “Accept Payment at Top Level Customer” allow for?

 
 
 
 

NO.63 Which two options are possible to set in NetSuite? (Choose Two)

 
 
 
 

NO.64 Which expense allocation use case requires the use of statistical accounts?

 
 
 
 

NO.65 which statement is true about assigning a billing schedule to an item record?

 
 
 
 

NO.66 Which is recommended for setting up new accounting periods?

 
 
 
 

NO.67 Which statement is true about NetSuite Accounts Payable transactions?

 
 
 
 

NO.68 When Vendor credits auto-apply, which vendor bills are they applied to?

 
 
 
 

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