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FINANCIAL-USER Exam Topics and Domains
FINANCIAL-USER is organized into 10 weighted domains. Expect to work with Account Management, Account Types, Advance Payments, Allocation Modes, and more.
Subsidiaries, Classifications, and Chart of Accounts
Subsidiary Management
Recognize what a subsidiary is, the types of subsidiaries, and how they are used
Classifications
Identify the general functionality of classifications (Departments|Classes|Locations) on both transactions and reporting
Chart of Accounts
- Identify implications of set up and restricting access to chart of accounts
- Identify the impact of setting the account type
Accounts Receivable
AR Process Flow
Recognize steps in NetSuite standard Accounts Receivable process flow
Customer Management
Identify considerations when setting up Customer records
Invoice Processing
Identify steps in creating NetSuite Invoices
Payment Processing
- Identify steps in accepting customer payments
- Identify steps and GL impact in accepting customer deposits
Credits and Refunds
Identify steps of the credit and refund process
Billing Schedules
Billing Schedule Management
Identify steps in setting up and applying billing schedules
Accounts Payable
AP Process Flow
Recognize steps in NetSuite standard Accounts Payable process flow
Vendor Management
Identify considerations when setting up Vendor records
Purchase and Bill Processing
Identify steps in creating NetSuite purchase orders and bill
Vendor Payments
Identify steps in paying vendors
Banking and Payment Processing
Banking Transactions
Recognize steps in NetSuite default banking transactions
Bank Account Management
Identify implications of setting up cash and bank accounts
Bank Reconciliation
Identify steps to reconcile monthly bank and credit card statements in NetSuite
Journal Entries
Journal Entry Management
Recognize how journal entries are used
Special Journal Entries
Recognize differences between elimination and intercompany journal entries in setup and usage
Budgeting
Budget Management
Identify steps to create and report on budgets in NetSuite
Expense Allocations
Allocation Schedules
- Identify steps in setting up and applying expense allocations in NetSuite
- Recognize the difference between fixed and dynamic allocation modes
Financial Reports and KPIs
Financial Report Builder
Identify elements unique to Financial Report Builder Interface
Financial Statements
Recognize the impact of NetSuite transactions on financial reports
Period and Year-End Close
Period Close Management
Recognize NetSuite recommended practices around period close and accounting/tax period structure
Multi-Subsidiary Management
Recognize options for separately managing multiple subsidiaries and multiple fiscal calendars
How do I earn this certification?
Passing FINANCIAL-USER earns the NetSuite Certified Financial User certification. It sits in the Finance and Accounting track.
- NetSuite-SuiteFoundation - NetSuite SuiteFoundation Required for all advanced certifications
- NetSuite-Administrator - NetSuite AdministratorRequires SuiteFoundation + Administrator exam
- NetSuite-ERP-Consultant - NetSuite ERP ConsultantRequires SuiteFoundation + ERP Consultant exam + 2 years implementation experience
- NetSuite-SuiteAnalytics-User - SuiteAnalytics User Complementary analytics and reporting skills
- NetSuite-SuiteCommerce - SuiteCommerce Expand into e-commerce financial management
- NetSuite-SuiteBilling - SuiteBilling Advanced billing and revenue recognition expertise
Practice with Precision
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How to study for this exam?
The most effective way to prepare for FINANCIAL-USER is by using the PlanetCert Simulator to practice questions and review detailed explanations.
What's changed on this exam?
- ACTIVE
- Last content update: 2023-06-01
- AI-Powered Financial Exception Management 2024.2 Likely to be included in future exam updates • Release date: 2024-11-01
- Enhanced Bill Capture with AI 2024.1 AP process questions may include AI automation • Release date: 2024-06-01
- Text Enhance Generative AI 2024.1 May appear in communication and documentation questions • Release date: 2024-06-01
- Intelligent Performance Management 2024.1 Budgeting and planning questions to include ML features • Release date: 2024-06-01
Who should take this exam?
This exam is typically taken by Financial professionals using NetSuite's financial functions and Accounting professionals working with NetSuite ERP.
- NetSuite: Financial Management course completion
- Three months' experience in accounting or finance roles using NetSuite
- Basic understanding of NetSuite navigation and common functionalities
- Knowledge of financial reporting, budgeting, and accounting principles