Hannah Dearman
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Information Technology Quiz am ERP Consultant Exam Prep - Fundamentals, erstellt von Hannah Dearman am 16/02/2022.

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ERP Consultant Exam Prep - Fundamentals

ERP Consultant Exam Prep - Fundamentals

Frage 1 von 41

1

What is the functionality behind the 'Multiple Prices' feature?

(Sales and Billing Features)

Wähle eine der folgenden:

  • Allows users to add multiple prices for one item on a transaction

  • Gives the ability to setup a default price level per customer for item

  • Gives users the chance to change an item cost last minute

Erklärung

Frage 2 von 41

1

Who can confirm the enabling of the sales and billing features?

(Sales and Billing Features)

Wähle eine der folgenden:

  • Purchasing Manager

  • Administrator

  • Book keeper of Accounts

Erklärung

Frage 3 von 41

1

What is the functionality behind the 'Quantity Pricing' feature?

(Sales and Billing Features)

Wähle eine der folgenden:

  • With this feature enabled you can add price levels by quantity and offer a discounted rate.

  • You can not add quantity price levels which has been set as a feature by default.

  • Quantity pricing allows costs to be easily added together by staff members.

Erklärung

Frage 4 von 41

1

Which costing methods are using in NetSuite?

Wähle eine oder mehr der folgenden:

  • FIFO

  • LIFO

  • Average

  • Standard

  • Group Average

  • Grouping

  • Schedules

Erklärung

Frage 5 von 41

1

Which item type should be used for items such as Software?

Wähle eine der folgenden:

  • Kit

  • Assembly/Group

  • Inventory Item

  • Non-Inventory Item

Erklärung

Frage 6 von 41

1

You should plan costing methods prior to creating items as once the item has been setup with a costing method, it can NOT be changed?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 7 von 41

1

Customers who sell physical inventory should utilize units of measure to provide greater flexibility and accuracy when tracking and selling inventory items?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 8 von 41

1

What does it mean to define an Item Strategy?

Wähle eine oder mehr der folgenden:

  • It is the process of ensuring you have selected the correct item record types, pricing strategies and units of measure, usually prior to using the Item Master.

  • It is the process of deciding which items should be Kit or Assembly based on the different item types and pricing strategies.

  • To strategically define items in your own context.

Erklärung

Frage 9 von 41

1

Item Master - what are the best practices? - 3 answers.

Wähle eine oder mehr der folgenden:

  • For software or services companies that do not track inventory in NetSuite, always add the fulfillment step, even if you don't need to track fulfillments for reporting purposes.

  • For software or services companies that do not track their Inventory in NetSuite, add the fulfillment step but only when there is a need to track fulfillment for reporting purposes.

  • Set the "Can be Fulfilled / Received" preference for an item whenever tracking fulfillments.

  • While designing the Item Master, create items so that there is minimal need to override the default Billing and Amortization scheduled once the items are added to the transactions.

Erklärung

Frage 10 von 41

1

What should the Executive Team and Managers consider when defining the item strategy?

Wähle eine oder mehr der folgenden:

  • G/L Accounts (Income, Deferred Revenue, Expenses.

  • Item types (i.e. assembly, kit or group items)

  • Inventory item types only

  • Item configurations

Erklärung

Frage 11 von 41

1

Where can I go to setup the default accounts in NetSuite?

(Accounting Preferences, Items/Transactions)

Wähle eine der folgenden:

  • Customization -> Setup -> Accounting -> Accounting Preferences

  • Customization -> Enable Features -> Accounting -> Items

Erklärung

Frage 12 von 41

1

The preference "Centralize Purchasing In A Single Warehouse" found under Accounting Preferences works by consolidating purchasing into one location or multiple locations. If you check the box you WON'T receive all stock in one warehouse.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 13 von 41

1

Wähle von der Aufklappliste, um den Text zu vervollständigen.

In order to set the default Inventory Costing Method, we can go to ( Setup, Customize, Lists -> Inventory -> Inventory List ) -> Accounting -> Accounting Preferences -> Cost Accounting -> Inventory Costing Method

Erklärung

Frage 14 von 41

1

An account register lists all the transactions impacting that account, and the total balance, for the reporting period selected?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 15 von 41

1

Which 3 roles can VIEW Account Registers?

(Chart of Accounts)

Wähle eine oder mehr der folgenden:

  • Bookkeeper

  • Accountant

  • Finance Leader

  • Business Analyst

Erklärung

Frage 16 von 41

1

Your Chart of Accounts provides a destination for posting transactions and categorizes these transactions for tracking and reporting purposes.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 17 von 41

1

Which 2 roles can create Financial or Non-Financial (Statistical) accounts?

(Chart of Accounts)

Wähle eine oder mehr der folgenden:

  • Accountant

  • Finance Leader

  • Bookkeeper

  • Business Analyst

Erklärung

Frage 18 von 41

1

When selecting the Account Type when setting up a Chart of Account, the General Rate Type is auto-populated based on the Account Type choice. Can this be changed?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 19 von 41

1

For Chart of Accounts: If one or more subsidiaries are selected, then the account can only be selected for records and transactions associated with those subsidiaries. True or false?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 20 von 41

1

For Chart of Accounts: If a subsidiary is selected, then transactions do NOT post to the account. It is used for reporting purposes only. True or false?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 21 von 41

1

More than one subsidiary can be selected for the Account Chart of Accounts?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 22 von 41

1

How do you set up automatic bank reconciliation for Chart of Accounts?

Wähle eine der folgenden:

  • Select the appropriate Standing Order Saved Search

  • Select the 'Automate Bank Reconciliation' field and mark as true

  • Uncheck the 'Automate Bank Reconciliation' field so it is marked false

  • It is done automatically for you.

Erklärung

Frage 23 von 41

1

If the top-level parent subsidiary is selected and the 'Include Children' checkbox is checked, then all subsidiaries can access the account on the Chart of Accounts?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 24 von 41

1

How would you make an Account for Chart of Accounts record solely for reporting purposes?

Wähle eine der folgenden:

  • Check the Summary checkbox

  • Check the Eliminate Intercompany Transactions

  • Check the Revalue Open Balance for Foreign Currency Transactions

Erklärung

Frage 25 von 41

1

For Chart of Accounts - how can we ensure an account is selected for open balance currency revaluation?

Wähle eine oder mehr der folgenden:

  • Check the Revalue Open Balance for Foreign Currency Transactions box

  • Select a Cash Flow Rate Type option

  • Check the Use Confirm Transaction Matches and Reconcile Account Statement Pages

Erklärung

Frage 26 von 41

1

Custom Segments can be used for reporting purposes and go beyond reporting for just the main three custom segments in NetSuite - Department, Location and Class).

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 27 von 41

1

Wähle von der Dropdown-Liste, um den Text zu vervollständigen.

In order to create a custom segment you would need to go to:

( ..., Setup, Company ) -> ( ..., Enable Features, List, Records & Fields, Preferences ) > ( ..., Custom Segments, Order Management, Transactions ) -> ( ..., New )

Erklärung

Frage 28 von 41

1

Which of the following seven options are Account types in NetSuite?

Wähle eine oder mehr der folgenden:

  • Accounts Receivable (Asset/Debit)

  • Accounts Payable (Liability/Credit)

  • Other Non-Current Assest (Asset/Debit)

  • Other Asset (Asset/Debit)

  • Costs of Goods Sold (Expense/Debit)

  • Credit Card (Liability/Credit)

  • Equity (Expense/Debit)

  • Bank Type (Asset/Debit)

  • Unbilled Receivable (Asset/Debit)

  • Other Mutual Assets (Asset/Debit)

Erklärung

Frage 29 von 41

1

Bank accounts and credit card accounts are NOT restricted to one subsidiary in NetSuite OneWorld?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 30 von 41

1

Which of the following two are the correct statements?

Wähle eine oder mehr der folgenden:

  • Accounts Receivable type will reflect in AR Aging reports.

  • Accounts Receivable type will NOT reflect in AR Aging reports.

  • Accounts Payable type will reflect in AP Aging reports.

  • Accounts Payable type will NOT reflect in AP Aging reports.

Erklärung

Frage 31 von 41

1

Duplicate account names are not allowed in NetSuite?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 32 von 41

1

Subsidiaries are NOT separate, legal entities for the purposes of taxation and regulation.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 33 von 41

1

NetSuite Editions are defined on the subsidiary record. Each edition handles country specific taxes (sales and purchases).

Which of these are specific to NetSuite United States (US) - choose 3.

Wähle eine oder mehr der folgenden:

  • Pre-coded tax (State tax imports required)

  • Pre-coded tax (State tax imports NOT required)

  • Separate tax reporting periods

  • No separate tax reporting periods

  • No Foreign trade settling

  • Foreign trade settling

Erklärung

Frage 34 von 41

1

NetSuite Editions are defined on the subsidiary record. Each edition handles country specific taxes (sales and purchases).

Which of these are specific to NetSuite Canada (CA) - choose 3.

Wähle eine oder mehr der folgenden:

  • Pre-coded tax, State tax imports required

  • Pre-coded tax, GST/PST

  • No separate tax reporting periods

  • Foreign trade settling

  • No Foreign trade settling

Erklärung

Frage 35 von 41

1

NetSuite Editions are defined on the subsidiary record. Each edition handles country specific taxes (sales and purchases).

Which of these are specific to NetSuite United Kingdom (UK) - choose 3.

Wähle eine oder mehr der folgenden:

  • Pre-coded tax, tax imports required

  • Pre-coded tax, GST/PST

  • Separate tax reporting periods, provides full EU reporting

  • Separate tax reporting periods, does not provide full EU reporting

  • Foreign trade settling

Erklärung

Frage 36 von 41

1

NetSuite Editions are defined on the subsidiary record. Each edition handles country specific taxes (sales and purchases).

Which of these are specific to NetSuite Japan (JP) - choose 2.

Wähle eine oder mehr der folgenden:

  • Pre-coded tax, consumption tax

  • Pre-coded tax, GST/PST

  • Separate tax reporting periods, foreign trade settling

  • Separate tax reporting periods

Erklärung

Frage 37 von 41

1

NetSuite Editions are defined on the subsidiary record. Each edition handles country specific taxes (sales and purchases).

Which of these are specific to NetSuite Australia (AU) - choose 2.

Wähle eine oder mehr der folgenden:

  • Pre-coded tax, consumption tax

  • Pre-coded tax, GST only

  • Pre-coded tax, GST/PST

  • Separate tax reporting periods, foreign trade settling

Erklärung

Frage 38 von 41

1

NetSuite Editions are defined on the subsidiary record. Each edition handles country specific taxes (sales and purchases).

Which of these are specific to NetSuite International (XX) - choose 3

Wähle eine oder mehr der folgenden:

  • No pre-coded tax - install bundle to configure

  • No pre-coded tax - upload CSV for configuration

  • Separate tax reporting periods

  • Foreign trade settling

Erklärung

Frage 39 von 41

1

How many subsidiary records, in addition to the root subsidiary counting as an extra 1 record, can be created?

Wähle eine der folgenden:

  • 249

  • 248

  • 250

  • 251

Erklärung

Frage 40 von 41

1

Root company may have many parent and child subsidiaries?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 41 von 41

1

One Subsidiary is created for each separate reporting legal entity

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

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