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We're here to help you find itThe NetSuite Financial Management course provides comprehensive NetSuite financial management training designed to equip learners with the skills needed to manage their company's finances effectively using Oracle NetSuite's robust platform. The course is divided into two modules:
Module 1 focuses on foundational elements of financial management within NetSuite, including setting up Subsidiaries, Classifications, and the Chart of Accounts, managing Accounts Receivable and Accounts Payable, understanding Billing Schedules, and mastering Banking and Payment Processing.
Module 2 delves into more advanced topics such as creating and working with Journal Entries, managing Budgets, conducting Expense Allocations, interpreting Financial Reports and Standard KPIs, and guiding learners through Period and Year-End Close processes. Additionally, the course teaches how to leverage NetSuite's Smart Dashboards for real-time financial insights.
This course is ideal for professionals seeking to enhance their expertise in financial management using Oracle NetSuite Financial Management solutions, ensuring efficient and accurate financial operations within their organizations.
Successfully delivered 26 sessions for over 31 professionals
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♱ Excluding VAT/GST
You can request classroom training in any city on any date by Requesting More Information
To ensure that you have a productive learning experience in the NetSuite: Financial Management course, certain prerequisites are recommended. These will help you understand the course material and apply the concepts effectively. Here are the minimum required prerequisites for successfully undertaking this training:
Please note that while these prerequisites are aimed at ensuring a smooth learning curve, our instructors are dedicated to assisting all participants in understanding and mastering the course content, regardless of their initial skill level.
The NetSuite: Financial Management course is designed for professionals seeking advanced financial process mastery within NetSuite.
Gain a comprehensive understanding of NetSuite's financial capabilities, from managing subsidiaries to creating smart dashboards, ensuring efficient financial operations and reporting.
Subsidiaries are companies that are controlled by a parent company. The parent company holds more than 50% of the subsidiary's stock, allowing it to have a considerable influence over its operations and strategic directions. This structure facilitates diverse business strategies under a single corporate group, enabling specialization in different markets or regions. Subsidiaries can either operate under their parent company's brand or have their own distinct identity. Managing a subsidiary often involves intricate financial management practices to ensure alignment with overall corporate objectives, leveraging systems like Oracle NetSuite for streamlined operations and reporting.
Classification in technology typically refers to the process of categorizing or organizing data into predefined groups or classes. This can be achieved through various algorithms in machine learning, where systems learn from data to accurately place new data into these categories. For instance, email systems use classification to filter out spam emails by recognizing patterns indicative of spam or non-spam. This capability is essential in sectors like finance, where it helps in detecting fraudulent transactions or analyzing customer behavior for better service delivery.
A Chart of Accounts is a financial organizational tool that provides a complete listing of every account in an accounting system. An account here refers to a unique record for each type of asset, liability, equity, revenue, and expense. It's structured to provide a clear view of the financial health of a business and is integral to financial reporting and analysis. This system helps in consolidating various financial information, facilitating better decision-making. It's especially crucial in systems like Oracle NetSuite Financial Management, where accurate financial tracking and reporting are vital for everyday business operations.
Accounts Receivable (AR) refers to the money that customers owe a company for goods or services that have been delivered or used but not yet paid for. This is a crucial part of a company's financial management because it directly impacts cash flow. Effective AR management ensures that companies can efficiently track and collect these debts, improving their financial health. Tools like Oracle NetSuite financial management help manage AR by offering automated processes, real-time data, and comprehensive reporting, leading to better decision-making and financial stability.
Accounts payable refers to the amount a company owes because it purchased goods or services on credit from a supplier or vendor. This financial management function involves tracking all incoming bills and debts to ensure they are paid on time and accounted for properly in the company's financial books. Efficient management of accounts payable is vital for maintaining good relationships with suppliers and protecting the company's credit rating, which can impact its ability to obtain financing and manage cash flow effectively. Utilizing systems like Oracle NetSuite for financial management can streamline and enhance the accuracy of these processes.
Billing schedules in finance, particularly within systems like Oracle NetSuite Financial Management, are tools used to manage the timing and frequency of invoices generated for customers. These schedules determine when payments are due for products or services rendered, helping businesses improve cash flow and revenue prediction. By automating the invoicing process, companies can ensure consistent and accurate billing, reducing manual errors and enhancing customer satisfaction. Oracle NetSuite's Financial Management suite simplifies setting up and managing these schedules, making it easier for businesses to align billing with their specific financial practices and contractual agreements.
The NetSuite: Financial Management course is designed for professionals seeking advanced financial process mastery within NetSuite.
Gain a comprehensive understanding of NetSuite's financial capabilities, from managing subsidiaries to creating smart dashboards, ensuring efficient financial operations and reporting.
