Workday Pro Financial Management Workday-Record-to-Report

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Workday Workday-Record-to-Report Exam Syllabus Topics:

Workday Pro Record-to-Report (R2R) Certification Sample Questions:

1. 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) Source
B) Offset
C) Target
D) Basis

2. You submit a journal entry.
What journal status proves Workday recorded it in the ledger?

A) Completed
B) Approved
C) Posted
D) Submitted

3. How does Workday handle accounting for operational transactions?

A) Workday evaluates criteria entered on operational transactions against the account posting rules and posts operational journals accordingly.
B) Workday looks at the spend and revenue rules for handling operational transactions.
C) Workday uses built-in logic to manage most operational transactions. If necessary, the end user can override this.
D) Operational transactions and manually entered transactions are handled the same.

4. Your healthcare company is restructuring its departments to improve patient care coordination.
Why would they set up the new departments as organizations?

A) To schedule patient appointments within each department
B) To track medical supplies inventory for each department
C) To manage employee performance reviews by department
D) To structure the hospital's workforce and financial reporting

5. Refer to the following scenario to answer the question below.
A company created a journal sequence generator rule, assigned the rule to the company, selected to create ID generators, opened accounting periods, and posted journals to the current ledger year. Next, the company added a condition to the journal sequence generator rule.
When is the soonest the new condition would be included on the company's journals?

A) The new condition can never be included on their journals.
B) After they close all periods in the current ledger year and selects to reassign ID generators.
C) In the next ledger year, assuming no journals are posted AND they delete the unused ID generators before activating the updated journal sequence rule.
D) Before they close the current ledger year.

Solutions: