SuiteFoundation Exam Prep Questions and Answers | Complete 2023/2024 Rated 100%

SuiteFoundation Exam Prep Questions and Answers | Complete 2023/2024 Rated 100%. What is the max time between password changes? (days) - ANSWER 365 days How many times can you click "Remind Me Later" before you are forced to enter your NS security questions? - ANSWER 4 times When are the two NS editions released? - ANSWER EOQ1 and EOQ3 Where can you find your NS edition? - ANSWER Bottom of NS homepage What are the five things in the settings portlet? - ANSWER 1.) Links to Personalize Dashboard, 2.) Set Preferences, 3.) Change Email/Password, 4.) 2FA(Two Factor Authentication), 5.) Security Questions What are some notable things on Home- Set Preferences? - ANSWER 1)Show list with only one result, 2.)Max DropDown Entries, 3.)Show Internal Ids, 4.)Time Zone The maximum number of max drop-down entries that you can set is ______, and NS will default to _____. - ANSWER 500, 200 What layout is the layout that is reccomended for mobile devices? - ANSWER Layout 2 What things does My Login Portlet show? (6) - ANSWER 1.) Shows Previous Log in, 2.) Previous Mobile Log in, 3.) Successful Log in's today, 4.)Login Failures toady, 5.) Previous password changes, and 6.) your password expiration date Pathway for Rename Records? - ANSWER Setup - Company - Rename Records/Transactions What does Recent Records show in the Dropdown and what does it show if you double click on the icon? - ANSWER Dropdown - 12 records , Double click - 100 records 2 Pathways to get NS account number? - ANSWER 1.) Support - SuiteAnswers - Contact Support by Phone, 2.) View Page source(look at HTML) For Setup - Company - Enable Features - General Preference subtab, The General Preference subtab will set preferences _________ -_____. - ANSWER Company-wide Enable Features is largely used for just turning ___ or ___ features, while Setup - Accounting - Accounting Preferences, is really used to set up ____ for the features that we have enabled in Enable Features page. - ANSWER On, Off, Rules When you create a subsidiary record in NS, the ______ you define for its address determines the NS edition and tax nexus associated with that subsidiary. - ANSWER Country Elimination subsidiaries can be created for use in balancing consolidated financials. Elimination subsidiaries include only _____ ____ and do ___ count toward fees or total # of allowed subs, which is ____ including parent/root. - ANSWER Journal Entries, not, 125 Each OW transaction posts to 1 sub unless it is ____, which posts to 2 subs. - ANSWER Intercompany You can ____ change the base currency once a subsidiary is made. - ANSWER Not Classes are usually associated with _____ _____. - ANSWER Revenue Streams Are there a limit on the number of departments and classes that you can have? - ANSWER No. NS will slow if you have too many though. The country line of business determines the NS edition. In a single instance account, the edition manages the ___ for the account, and in an OW account, the subsidiary may use different NS ____ than the parent. - ANSWER Taxes, Editions ____ _____ feature is automatically turned on for OW accounts. - ANSWER Advanced Taxes Advanced Taxes manages and calculates taxes for different ____(tax juristictions) within the same NS account. - ANSWER Nexuses Utilize ____ ___ to define the tax treatment of items, in each nexus, meeting local business requirements. ____ ____ are pretty much used to say if an item will be taxable or not. - ANSWER Tax schedules, tax schedules How many NS editions are there? - ANSWER 6 What are the 6 NS editions? - ANSWER 1.) U.S, 2.) Canada, 3.) UK, 4.) Japan, 5.) Australia, 6.) International The U.S NS edition utilizes ___-______ tax, has ___ ___ imports requried, does ____ have seperate tax reporting periods, and does ___ have foreign trade settling. - ANSWER Pre-Coded, State Imports, Not, Not The Canada NS edition utilzes ____-____ tax, ____/______ reporting, does ____ have seperate tax reporting periods, and does ___ have foreign trade settling. - ANSWER Pre-coded, GST/PST, not, not The UK NS edition utilizes ____-____ tax, ______ reporting, and ____ tax reporting periods and ____ foreign trade setting. - ANSWER Pre-coded, VAT, Has, Has The Japan NS edition utilizes ____-____ tax, ____ tax, ___ seperate tax reporting periods, and ___ foreign trade setting. - ANSWER Pre-coded, Consumption, has, has The Australia NS edition utilizes ____-____ tax, ____ reporting, ____ seperate tax reporting periods, and ____ foreign trade settling. - ANSWER Pre-Coded, GST, has, has The International NS edition does ____ utilize ____-____ tax, ____ seperate tax reporting periods, and ____ foreign trade settling. - ANSWER Not, Pre-Coded, Has, Has _____ ______ are used for tax reporting in all Non-US and Non-Canada editions. - ANSWER Tax Periods Tax ____ defines tax juristiction. - ANSWER Nexus ____ _____ account define tax types, and contain GL postings of Sales VT. - ANSWER Tax Control ____ ____ are where paid/collected tax is tracked on the balance sheet an used to define tax codes. - ANSWER Tax Types ___ ____ determine the amount of tax applied to each line or item level. - ANSWER Tax Code ___ ___ combine several tax codes that can be applied to each transaction. This would be like city taxes. - ANSWER Tax Groups ____ ___ is who the taxing authority is. This would be like who you are paying taxes to, Federal Government. ____ _______ are set on the ______ record. - ANSWER Tax Agency, Tax Agency, Vendor Tax schedules determine tax calculations for an item in each nexus. Countries have the same rate across country, ____ and ______ by state/provience so tax schedules are really useful to these NS editions. - ANSWER U.S, Canada What are the two types of periods that NS has? - ANSWER Accounting Periods, and Tax Periods Accounting periods are used for _____ and _____ accounting purposes. - ANSWER Financial, Management A tax period defines a period of time over which your company tracks _____. - ANSWER Tax There are tax reporting in _____ and _____ editions. - ANSWER U.S, Canada In OW, you can only have one tax period setup unless you have the _____ ___ feature is enabled, and you have a subsidiary/nexus that uses ____or ____reporting. - ANSWER Multiple Calendars, VAT, GST There is only one _____ ____ per subsidiary. - ANSWER Tax Agency Any role with _____, _____ _____, or custom role with ___ ____ ___ permission can set up taxes. - ANSWER Administrator, Full Access, Manage Tax Periods Before running any tax reporting, it is crucial to close the ___ ____. Closing a period closes all previous periods, Opening a period opens all subsequent periods. - ANSWER Tax Period Advanced Taxes enables you to manage and calculate taxes for multiple nexuses within one NS account. Advanced Tax cant be ____ and OW accounts use it by _______ and can't be turned off. - ANSWER Disabled, Default What are the two types of item types that can not be set up as matrix item? - ANSWER Item Groups and Kits/Packages What is max number of children that can make up a matrix item? - ANSWER 2000 Matrix items separate tracking of item and _____ based on item option. - ANSWER Inventory Kit/Packages have the ability to create items that are collected from other items. Kit/Packages display as a ____ line item when selected on a transaction. The price for Kits/Packages are set at the ____ level, and users can not modify the contents of the kits/packages. - ANSWER Single, Kit Item groups are sued for items that are often sold together. Item Groups are entered in as a single unit when creating sales transactions, however they display as _____ line items when selected and can be added and removed ad hoc. The price of the item group inherits the price of the member items. - ANSWER Multiple There are no discounts offered for ____ ____. - ANSWER Item Groups Assembly items are made up of several items identified as a ____ item. - ANSWER Single Assembly item can be ____ or _____. - ANSWER Numbered, Serialized Non-Inventory Items are not kept in formal ______, and are costs related to doing businesses. - ANSWER Stock