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NetSuite ERP Consultant Exam Prep Questions with Correct
Answers
Revenue Recognition - Revenue Commitment - Answer-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 - Answer-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 - Answer-Determined the
journal entries that need to be gene to record the impact of item sales.
Revenue Recognition - Revenue Recognition Template - Answer-Indicate how revenue
from associated items should be posted
Landed Cost - Landed Cost can be by - Answer-Weight, Cost, Quantity, or manual
Item Pricing - Pricing applied according to the quantity included in the line item -
Answer-By Line Quantity
Item Pricing - Pricing is applied for all line items for the same item on a transaction -
Answer-By Overall Item Quantity
Item Pricing - Pricing is applied for all items in the same hierarchy - Answer-by Overall
Parent Quantity
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