Actual4dump N16599GC10 Dumps Real Exam Questions Test Engine Dumps Training [Q17-Q38]

Actual4dump N16599GC10 Dumps Real Exam Questions Test Engine Dumps Training

Oracle N16599GC10 exam dumps and online Test Engine

NEW QUESTION # 17
A Sales Order should be billed when certain key project tasks have been completed. Which type of billing schedule should be used?

• A. Fixed Bid Milestone
• B. Standard
• C. Time and Material
• D. Charge Based

Answer: A

NEW QUESTION # 18
which 2 record types can be applied to customer payment (choose 2)

• A. credit memo
• B. refund
• C. customer deposit
• D. cash sales

Answer: A,C

NEW QUESTION # 19
When entering a journal, which two boxes must be used to reverse the journal entry next month, so that the reversal is not created until then? (Choose Two)

• A. Memo
• B. Reversal Date
• C. Do Not Post Until
• D. Pending Approval
• E. Defer Entry

Answer: B,E

NEW QUESTION # 20
A sales order should be billed when certain key project tasks have been completed

• A. standard
• B. fixed bid milestone
• C. charge based
• D. time and material

Answer: B

NEW QUESTION # 21
Which transaction requires a credit memo before a refund?

• A. Cash Sale
• B. Invoice
• C. Customer Deposit
• D. Sales Order

Answer: B

NEW QUESTION # 22
Which two statements are true about vendors and multicurrency (choose 2)

• A. to remove a currency from a vendor, you must first close any open transactions in that currency
• B. currencies must be added to the Vendor before being used on transaction
• C. the primary currency is used for the credit limit
• D. the currency on the purchase order can be changed at the point when purchase order is billed
• E. vendors can have up to 5 currencies

Answer: B,C

NEW QUESTION # 23
Which statement is true about the Memorized Transactions feature?

• A. The Remind Me setting allows manual review of the transaction before it is posted.
• B. The Update Prices checkbox allows manual review of the transaction before it is posted.
• C. The Number Remaining refers to the quantity of Item ordered remaining to be billed or shipped.
• D. The Remind Forever setting sends notice to the Customer that a new Invoice has been created.

Answer: A

NEW QUESTION # 24
Which two statements are true about intercompany expense allocations? (Choose two.)

• A. The source can be multiple subsidiary
• B. The target must be one subsidiary
• C. The source must be one subsidiary
• D. The target can be multiple subsidiary

Answer: A,D

NEW QUESTION # 25
Which two options should be selected to create a memorized transaction for the electric bill, which varies in amount each month but will continue until canceled?

• A. Action: Reminder
• B. Override Transaction Date
• C. Indefinite
• D. Number Remaining
• E. Action: Automatic

Answer: A,C

NEW QUESTION # 26
Which statement is true about expense allocations?

• A. Allocation schedules can be assigned to any expense account
• B. Allocation JEs must zero out the source expense account
• C. Allocation schedules are assigned to specific purchase transactions
• D. Allocation schedules can only be set to a frequency of once per month

Answer: A

NEW QUESTION # 27
Which row type in a Financial Report allows display of the same unmodified data from another row?

• A. Reference Row
• B. Formula Row
• C. Text Row
• D. Echo Row

Answer: A

NEW QUESTION # 28
How can an Expense Allocation Schedule be set up to dynamically recalculate weighting each time it is applied?

• A. Use custom segments
• B. Use a statistical account
• C. Click the Update Sample Weights button.
• D. Predefine the weighting when setting up the schedule

Answer: D

NEW QUESTION # 29
Which setting requires separate review of sales orders?

• A. Pending approval status
• B. Pending Billing status
• C. Credit Limit
• D. Pending fulfillment status

Answer: A

NEW QUESTION # 30
Which statement is true about recording customer payments?

• A. Electronic payments SuiteApp is required to record customer payments by credit card
• B. Accept Customer Payment offsets Accounts Receivable posting
• C. Customer payments must match paid invoices 1:1
• D. Undeposited Funds is not necessary if all your customers pay by credit card.

Answer: C

NEW QUESTION # 31
Which are 2 elements unto to setting up financial sections in NetSuite financial report? (Choose 2)

• A. formula rows calculate from the row immediately above
• B. custom sections are restricted to one account type
• C. Each section can be customized to have multiple account types
• D. Each financial section has its own header and summary row

Answer: C,D

NEW QUESTION # 32
What is the order of steps for the NetSuite standard accounts receivable process?

• A. Approve Sales Order > Bill Sales Order > Fulfill Sales Order
• B. Fulfill Sales Order > Approve Sales Order > Bill Sales Order
• C. Bill Sales Order > Approve Sales Order > Fulfill Sales Order
• D. Approve Sales Order > Fulfill Sales Order > Bill Sales Order

Answer: D

NEW QUESTION # 33
Which account in a general ledger is being cleared when Make Deposits transaction is used?

• A. Customer Deposits
• B. Undeposited Funds
• C. Accounts Receivable
• D. Accounts Payable

Answer: B

NEW QUESTION # 34
Write Check transaction and a Pay Vendor transaction the difference?

• A. only write checks reduces AP
• B. only pay vendor bill reduces AP
• C. only write checks is from bank account
• D. only pay vendor bill post to the general ledger

Answer: C

NEW QUESTION # 35
What are two considerations for managing multiple fiscal calendars? Choose two

• A. Periods are shared across fiscal calendars.
• B. A subsidiary can have multiple fiscal calendars without multi-Book
• C. A fiscal calendar can be used by multiple subsidiaries
• D. Periods are created separately for each fiscal calendar

Answer: A,C

NEW QUESTION # 36
The simplest way to post bank service fees ... reconcile bank statement pages?

• A. Enter on the new charge's subtab
• B. enter on the new deposit subtab
• C. post journal entry
• D. post a write check transaction

Answer: B

NEW QUESTION # 37
Which three record types can be tagged Department | Class | Location? (Choose Three)

• A. Transactions
• B. Customers
• C. Items
• D. Employees

Answer: C

NEW QUESTION # 38
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Oracle N16599GC10 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	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 4	Expense Allocations: This section of the exam measures the skills of Cost Accountants and covers setting up and managing expense allocations in NetSuite. It includes distinguishing between fixed and dynamic allocation modes and applying them effectively to distribute costs across departments or subsidiaries.
Topic 5	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).
Topic 6	Billing Schedules: This section of the exam measures skills of Billing Analysts and covers the configuration and use of billing schedules in NetSuite. It focuses on creating, managing, and applying billing schedules accurately to automate recurring invoicing and streamline the billing process.
Topic 7	Journal Entries: This section of the exam measures the skills of General Ledger Accountants and covers the creation and management of journal entries. It includes differentiating between elimination and intercompany journal entries and understanding their setup and use within NetSuite financial structure.
Topic 8	Budgeting: This section of the exam measures the skills of Financial Planning Analysts and focuses on creating and reporting budgets in NetSuite. It evaluates the ability to develop accurate financial forecasts and use built-in budgeting tools to support business planning and reporting.

 

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