Oracle NetSuite Financial User - testinsides N16599GC10 dumps

N16599GC10 real exams

Exam Code: N16599GC10

Exam Name: Oracle NetSuite Financial User

Updated: Oct 18, 2026

Q & A: 87 Questions and Answers

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Oracle N16599GC10 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • 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 3
  • 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 4
  • 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 5
  • 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.

Reference: https://education.oracle.com/oracle-netsuite-financial-user/pexam_N16599GC10

Oracle NetSuite Financial User Sample Questions:

Question #1

What does the setting "Accept Payment at Top Level Customer" allow for?

  • A. Sub customers may pay the bills of their parent
  • B. Sub customers cannot pay their own bills
  • C. Allows Refunds and Credits at parent level.
  • D. Customers may pay the bills of Sub customers
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

Which statement is true about NetSuite Accounts Payable transactions?

  • A. Vendor Bills must be created from a Purchase Order.
  • B. Paying an Unapproved Bill will cause both Bill and Payment to post to the general ledger.
  • C. Bill Purchase Orders page will allow you to generate bills from multiple vendors at once.
  • D. Purchase Orders must have a preceding Purchase Requisition.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Which statement is true about inter-company journal entries?

  • A. used to log intercompany eliminations
  • B. Minimum of four lines
  • C. balance within each subsidiary, they need not balance between subsidiaries
  • D. maximum of six lines
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

Which two statements are true about intercompany expense allocations? (Choose two.)

  • A. The source can be multiple subsidiary
  • B. The source must be one subsidiary
  • C. The target can be multiple subsidiary
  • D. The target must be one subsidiary
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Question #5

Which three statements are true about using Parent Accounts in NetSuite? (Choose Three)

  • A. Child accounts are created by setting the "Subaccount of" field
  • B. Parent accounts are created by setting the "Parent of" field
  • C. Checking the Summary box allows the posting of reversing journal entries to this account.
  • D. Checking the Summary box on the account record prevents anyone from posting activity to the account
  • E. Parent accounts can be posting or non-posting.
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

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