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

SectionObjectives
Topic 1: Financial Accounting- Accounting Processes
- Accounting Configuration
- General Ledger
Topic 2: Financial Reporting- Report Configuration
- Financial Statements
- Standard Financial Reports
Topic 3: Record-to-Report Configuration- Security and Permissions
- Accounting Rules
- Business Process Configuration
Topic 4: Financial Period Close- Period-End Close Activities
- Close Monitoring
- Reconciliation
Topic 5: Operational Maintenance- Data Validation
- Best Practices
- Troubleshooting

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

Question #1

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 target.
  • C. Add the cost center and location to the statistic definition.
  • D. Add the cost center and location from the source data to the offset.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

If an account posting rule doesn't have any conditions or default ledger account, and a transaction occurs against that rule, what will happen?

  • A. The transaction will stop with a critical error message for the initiator to fix.
  • B. The transaction will post in error with no ledger account for that line.
  • C. The transaction will route for additional approval.
  • D. The transaction will post with the first ledger account in the account set.
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Correct Answer: B  🗳️

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Question #3

A company is required to comply with both IFRS and U.S. GAAP lease accounting rules. The company has already booked their U.S. GAAP leases.
What accounting method should the company select to create the alternate contract for IFRS?

  • A. ROU asset operating expense
  • B. Straight line expense
  • C. ROU asset depreciation expense
  • D. Workday will automatically select the appropriate accounting method
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Correct Answer: C  🗳️

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Question #4

Company A provides IT services to Company
B At the end of the month, Company A needs to bill Company B.
How will they do so?

  • A. Company B creates a vendor invoice for Company A.
  • B. Company B creates an intercompany invoice for Company A.
  • C. Company A creates an external customer invoice for Company B.
  • D. Company A creates a direct intercompany customer invoice to bill Company B.
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Correct Answer: D  🗳️

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Question #5

An accountant would like to import multiple accounting journals for one company.
As a part of the import, what currency would the ledger amounts convert to when posted?

  • A. Transaction Currency
  • B. Translated Currency
  • C. Company Currency
  • D. Foreign Currency
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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