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Workday Workday-Record-to-Report Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Financial Accounting Fundamentals | - Accounting principles in Workday - Financial structures and ledgers |
| Topic 2: Journal Processing and Accounting Entries | - Journal creation, validation, and posting - Adjustments, reversals, and approval workflows |
| Topic 3: Introduction to Record-to-Report | - Core concepts and purpose of the R2R cycle - End-to-end business process overview |
| Topic 4: Financial Reporting and Analytics | - Reporting frameworks and analytics tools - Financial statement generation |
| Topic 5: Chart of Accounts and Organizational Setup | - Ledger and organizational structure design - Financial dimensions and configuration |
| Topic 6: Period End Close and Consolidation | - Financial consolidation and intercompany processing - Month-end and year-end close procedures |
| Topic 7: Security and Workflow Configuration | - Process automation and workflow design - Access controls for financial processes |
Workday Pro Record-to-Report (R2R) Certification Sample Questions:
1. At month-end, during the account certification process, a company would like certain ledger accounts prepared, reviewed, and certified by specific users.
What form of configuration do they need for this?
A) Role Assignments on the Company.
B) User Based security assignments.
C) Role Assignments on the Account Certification Set.
D) Policy, Purpose, and Procedure on the Account Certification.
2. Company A has created an accounting journal to move costs to Company B. The journal is in error status, as there are missing ledger accounts for intercompany payables and receivables.
What should you do?
A) Edit intercompany profiles and ensure Bank Accounts are selected.
B) Ensure the Maintain Companies as Customers or Suppliers configuration is completed.
C) Ensure the account posting rules for intercompany payables and intercompany receivables have been configured.
D) Confirm the payables and receivables account posting rules are configured for Intercompany transactions.
3. How does Workday handle accounting for operational transactions?
A) Workday uses built-in logic to manage most operational transactions. If necessary, the end user can override this.
B) Workday looks at the spend and revenue rules for handling operational transactions.
C) Workday evaluates criteria entered on operational transactions against the account posting rules and posts operational journals accordingly.
D) Operational transactions and manually entered transactions are handled the same.
4. Refer to the following scenario to answer the question below.
A company rents multiple office buildings around the country, and books rent expense for all buildings to the same ledger account and cost center. Multiple cost centers use office space in each building. The company wants to allocate costs from ledger account 6100: Facilities and cost center 34000: Facilities to cost centers 71000, 72000, and 73000, based on the square footage of those three cost centers.
When configuring the target for your allocation definition, which section should you map the cost centers from?
A) Target
B) Offset
C) Basis
D) Source
5. Company X and Company Y are part of the same Workday tenant. Company X provides consulting services to Company Y.
How will you record this intercompany service in Workday to ensure proper tracking and elimination during consolidation?
A) Directly transfer funds between the bank accounts of Company X and Company Y.
B) Process journal entry only in Company X's books.
C) Process a regular vendor invoice from Company X to Company Y.
D) Use the intercompany transaction functionality, with Company X recording revenue and Company Y recording an expense.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |
