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100% Pass Quiz 2026 N16599GC10: Oracle NetSuite Financial User Authoritative Latest Exam Questions

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Oracle N16599GC10 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

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 4

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.

Topic 5

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.

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HOT Latest N16599GC10 Exam Questions - The Best Oracle N16599GC10 Simulated Test: Oracle NetSuite Financial User

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Oracle NetSuite Financial User Sample Questions (Q28-Q33):

NEW QUESTION # 28
Which statement is true about setting up NetSuite budgets?

A. Budgets can be imported into NetSuite using CSV.
B. Copying budgets is not recommended.
C. Budgets can be created for multiple criteria, but only one per parameter.
D. Budgets must be created manually in the NetSuite user interface.

Answer: A

NEW QUESTION # 29
Which statement is true about recording customer payments?

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

Answer: A

NEW QUESTION # 30
What are two differences between fixed and dynamic allocation schedules? (Choose two.)

A. Fixed allocation schedules must have predefined weighting that does not change
B. Dynamic allocation schedules must use statistical accounts.
C. Dynamic allocation requires zeroing out the source account.
D. Fixed allocation requires zeroing out the source account.

Answer: A,B

NEW QUESTION # 31
Which two statements are true about budgets in NetSuite? (Choose two.)

A. Global budget amounts may fluctuate when viewed in root parent currency.
B. Local budget amounts may fluctuate when consolidated to parent subsidiary view.
C. Budgets set to "Enforce" prevent overspending.
D. Budgets can use statistical accounts

Answer: B,D

NEW QUESTION # 32
How does NetSuite set up a company record when you buy from and sell to the same company?

A. NetSuite uses a single company record to track this combined relationship
B. NetSuite tracks this using the "Other relationship" functions to link the customer and vendor records
C. either the vendor or the customer can be set as "Parent of" the other record to link them
D. NetSuite uses unrelated customer and vendor records to track these

Answer: B

NEW QUESTION # 33
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Caleb Davis Caleb Davis

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