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NetSuite ERP Consultant Exam Prep
Take the sample exam online here. -
https://www.classroomclipboard.com/876109/Test/99219B4D-BED8-4606-A82A5CB05BFE3B98
Access Code: D7THL2E
Revenue Recognition - Revenue Commitment - Separates the billing and revenue
recognition functions, enabling you to recognize revenue and bill customers at different
times and to recognize revenue in amounts that differ from the amounts billed to
customers.
A revenue commitment is a non-posting transaction. It serves as the placeholder for the
revenue recognition schedule that generates the posting revenue recognition journal
entries
Revenue Recognition - VSOE - Vendor-Specific Objective Evidence (VSOE) feature to
ensure that your company properly recognizes revenue for products and services sold
as part of a bundle.
Revenue Recognition - Revenue Recognition Schedule - Determined the journal entries
that need to be generated to record the impact of item sales.
Revenue Recognition - Revenue Recognition Template - Indicate how revenue from
associated items should be posted
Landed Cost - Landed Cost can be by - Weight, Cost, Quantity, or manual
Item Pricing - Pricing applied according to the quantity included in the line item - By Line
Quantity
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