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| Section | Objectives |
|---|---|
| Security and Workflow Configuration | - Process automation and workflow design - Access controls for financial processes |
| Financial Accounting Fundamentals | - Accounting principles in Workday - Financial structures and ledgers |
| Introduction to Record-to-Report | - Core concepts and purpose of the R2R cycle - End-to-end business process overview |
| Financial Reporting and Analytics | - Reporting frameworks and analytics tools - Financial statement generation |
| Chart of Accounts and Organizational Setup | - Ledger and organizational structure design - Financial dimensions and configuration |
| Journal Processing and Accounting Entries | - Journal creation, validation, and posting - Adjustments, reversals, and approval workflows |
| Period End Close and Consolidation | - Month-end and year-end close procedures - Financial consolidation and intercompany processing |
Refer to the following scenario to answer the question below.
Global Solutions, Inc. needs to allocate its monthly office rent and utilities expenses across its total 100,000 square feet (SF) of facilities space. The total monthly rent is $50,000, and total utilities are $10,000.
The company decides to allocate these costs based on the square footage occupied by each department:
* Marketing (20000 SF)
* Sales (30000 SF)
* R&D (35000 SF)
* HR (15000 SF)
Additionally, Global Solutions, Inc. decides to allocate IT support costs based on the number of employees. You must set up Workday to handle multiple allocation bases including square footage and employee count.
How will you do so?
Correct Answer: A 🗳️
Explanation: Only visible for Exams4Collection members. You can sign-up / login (it's free).
A business process administrator would like to alert the initiator if their business process has been denied.
What type of configuration should be used on the business process?
Correct Answer: D 🗳️
Explanation: Only visible for Exams4Collection members. You can sign-up / login (it's free).
You need to record a financial transaction in Workday. The transaction does not automatically come from an operational area such as supplier accounts or customer accounts.
Why might you use an accounting journal?
Correct Answer: C 🗳️
Explanation: Only visible for Exams4Collection members. You can sign-up / login (it's free).
In addition to a unique report name, what must you immediately identify when creating a custom report?
Correct Answer: D 🗳️
Explanation: Only visible for Exams4Collection members. You can sign-up / login (it's free).
What security group can enter a supplier invoice?
Correct Answer: D 🗳️
Explanation: Only visible for Exams4Collection members. You can sign-up / login (it's free).
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