NetSuite ARM is an advanced revenue management module that automates the entire revenue recognition process. It complies with widely recognized compliance standards like ASC 606 and IFRS 15.
Revenue Recognition Module – Essential! It offers key features like simplified revenue scheduling, allocation and reporting. Plus it comes with various templates tailored towards specific business niches and scenarios.
Certification Requirements
NetSuite Arm Certification is a set of technical and functional qualifications that verify the skillsets of professionals related to NetSuite ERP. Businesses can use it as proof their system has the necessary abilities for productivity and efficiency, as well as identify experts who can offer support or training.
NetSuite ERP is an enterprise resource planning (ERP) solution that automates accounting, sales order management, project management and inventory control processes in a cloud-based environment. It helps companies stay on top of their finances with flexible features for customization and expansion.
To become a NetSuite ERP certified administrator, you must possess at least one year of experience configuring and executing an extensive NetSuite implementation project. Furthermore, you must possess the SuiteFoundation qualification as well as performing five to 10 medium-scale or two to three enterprise NetSuite ERP deployments.
NetSuite’s Revenue Management module automates revenue forecasting, allocation, recognition, reclassification and auditing through a rule-based event handling framework. It supports revenue recognition schedules for all sales transactions and notifies users when revenue is due to be recognized. Compliant with ASC 606 and EITF 08-01 standards, this module ensures accuracy in these tasks.
Training Requirements
To become a certified NetSuite arm practitioner, you must possess experience in accounting and finance roles as well as three months of administration of NetSuite.
You can take the exam after completing a training course. This free resource covers various topics such as setup and administration, standard NetSuite process flows, SuiteAnalytics, maintenance, resources, and data security.
In this course, you’ll discover how to automate processes using action scripts and custom portlets and applications. Furthermore, you’ll gain insight into using debugging tools for troubleshooting scripts.
Before you can become a netsuite arm certified professional, you must pass the Certified SuiteAnalytics User exam. This test takes 60 minutes and contains 30 multiple-choice and matching questions. In order to maintain your qualification, another attempt at this exam will be necessary in the future.
Exam Requirements
NetSuite arm certification requires a passing score on an extensive examination, validating your knowledge of the ERP platform and its capabilities. Doing so can boost your credentials and enable you to secure better rates from NetSuite consulting firms or organizations that require specific levels of certification.
NetSuite certifications also grant you access to a private LinkedIn community, where you can network with peers in the industry and stay abreast of developments. This could open doors for higher-paying jobs in the future.
NetSuite also offers other certifications in addition to the SuiteFoundation exam, such as the NetSuite Multi-Book Certification and SuiteAnalytics User Certification. Both require a passing score and must be renewed annually through an annual release quiz.
No matter your certification level, the most effective way to prepare is by taking the course and studying hard. NetSuite offers plenty of study guides and sample tests as well as online tutorials to help you become acquainted with the system.
Exam Tips
One of the first steps in earning your netsuite cred is preparing for the test. NS offers a range of resources to help with this preparation, from webinars and online courses to partner training services tailored specifically for each organization. Investing time in learning what you need to know will reap rewards in abundance – especially if it means passing your exam on the first try!
One of the best ways to prepare for your test is creating a study plan that breaks down topics into manageable chunks. It’s also wise to identify the most important topics at once so you don’t waste time studying irrelevant material. Make a list of questions that need answering quickly so you can focus on them. NS eLearning center boasts an impressive library of online courses in every subject matter possible, so there should be something there that meets both your needs and budget. Plus, you have control over test dates and times that fit within your schedule perfectly!