Free NetSuite ERP-Consultant Exam Questions

Become NetSuite Certified with updated ERP-Consultant exam questions and correct answers

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Total 157 Questions | Updated On: Jun 17, 2026

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Question 1

Identify the steps for valuing an inventory item using the Standard Cost Costing method?

1. Rollup Standard Costs.

2. Enter Standard Cost at sublist level.

3. Revalue inventory and update Standard Costs.

A : 2, 3, 1

B : 3, 1, 2

C : 1, 3, 2

D : 2, 1, 3

Answer: D

Question 2

Which depreciation methods are pre-configured with the Fixed Asset Module? (Choose two.)

A : Tax Reducing Method

B : 10% Reducing Balance

C : 300DB

D : 200DB

E : Sum of Years Digits

Answer: C,D

Question 3

Which statement is true about Drop Ship and Special Order items?

A : Can be used for Non-Inventory items for Resale and Inventory items.

B : Items can be marked as both Drop Ship and Special Order,

C : Vendor ships items to customer’s address.

D : Impact Asset and Cost of Goods Sold (COGS) accounts upon item receipt and fulfillment.

Answer: A

Question 4

What is the purpose of Consolidated Exchange Rates? (Choose two.)

A : Consolidated Exchange Rates are used to set up Balance Sheet Accounts.

B : Consolidated Exchange Rates ensure that currency amounts translate properly from child to parent subsidiaries.

C : Consolidated Exchange Rates are used for reporting purposes.

D : Consolidated Exchange Rates are used only when setting up transaction currencies.

E : Consolidated Exchange Rates are used for currency conversion.

Answer: B,C

Question 5

Which item types can Serialized Assembly have as a component? (Choose tree.)

A : Non-Inventory Item

B : Serialized Item

C : Kit/Package

D : Lot Numbered Item

E : Regular Assembly Item

Answer: B,D,E

Page: 1 / 32

Total 157 Questions | Updated On: Jun 17, 2026

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