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Workday Workday-Record-to-Report Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Workflow Configuration | - Access controls for financial processes - Process automation and workflow design |
| Chart of Accounts and Organizational Setup | - Ledger and organizational structure design - Financial dimensions and configuration |
| Period End Close and Consolidation | - Financial consolidation and intercompany processing - Month-end and year-end close procedures |
| Introduction to Record-to-Report | - End-to-end business process overview - Core concepts and purpose of the R2R cycle |
| Financial Accounting Fundamentals | - Financial structures and ledgers - Accounting principles in Workday |
| Journal Processing and Accounting Entries | - Journal creation, validation, and posting - Adjustments, reversals, and approval workflows |
| Financial Reporting and Analytics | - Reporting frameworks and analytics tools - Financial statement generation |
Workday Pro Record-to-Report (R2R) Certification Sample Questions:
1. You submit a journal entry.
What journal status proves Workday recorded it in the ledger?
A) Approved
B) Submitted
C) Completed
D) Posted
2. Once a user enters a financial transaction, what company accounting detail is locked from being changed?
A) Company Currency
B) Account Control Rule Set
C) Account Posting Rule Set
D) Account Translation Rule Set
3. An accountant is creating an on-behalf-of intercompany transaction using a manual journal. When selecting the line company, the user notices that a company is missing from the list.
What configuration should they look at to allow for this transaction between the two companies?
A) Intercompany Payables Account Posting Rule
B) Intercompany Profiles
C) Intercompany Receivables Account Posting Rule
D) Maintain Companies as Customers or Suppliers
4. Your company reports profit and loss under different accounting standards. Under US GAAP, prepaid expenses are recorded as a current asset. However, under IFRS, the company must expense immediately. Someone posted an operational transaction resulting in the use of a prepaid expense account in line with US GAAP.
What should the next step be?
A) Unpost and then edit the original transaction to include the book code for IFRS.
B) Unpost the original transaction and create two manual journals for each accounting treatment.
C) Enter an accounting journal to adjust by selecting the IFRS book code as a balancing worktag.
D) Enter an accounting journal to adjust by selecting the IFRS book code and the appropriate ledger accounts to expense the costs.
5. A company wants to allocate costs from operating expenses ledger accounts with a cost center of Facilities and a location of Chicago. When the current allocation definition is run, all costs posted to the operating expenses ledger accounts are being allocated regardless of cost center or location.
What should you do?
A) Add the cost center and location to the source.
B) Add the cost center and location from the source data to the offset.
C) Add the cost center and location to the statistic definition.
D) Add the cost center and location from the source data to the target.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: A |
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