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Guide for Workday-Record-to-Report: Workday Pro Record-to-Report (R2R) Certification

Quiz Workday-Record-to-Report: Workday Pro Record-to-Report (R2R) Certification

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/ 10

Quiz

1/10
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?
Select the answer
1 correct answer
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 and the appropriate ledger accounts to expense the costs.
D.
Enter an accounting journal to adjust by selecting the IFRS book code as a balancing worktag.

Quiz

2/10
Refer to the following scenario to answer the question below.
A company is a global organization that needs to comply with multiple accounting standards. The
company has configured their account posting rules so that certain supplier invoices will comply with
U.S. GAAP rules but will not comply with IFRS.
What would we need to do to report according to U.S.GAAP standards?
Select the answer
1 correct answer
A.
Create an adjusting journal entry that includes a book code specific to U.S. taxes.
B.
Report using the common book, including the blank book code.
C.
Create an adjusting journal entry that includes a book code specific to IFRS.
D.
Create two adjusting journal entries that include book codes for IFRS and for U.S. GAAP.

Quiz

3/10
There are several companies within a tenant, one of the companies requires a location worktag on
supplier invoices.
What task should you use to manage this requirement?
Select the answer
1 correct answer
A.
Maintain Related Worktag Usage
B.
Maintain Business Process Step Conditions
C.
Maintain Custom Validations
D.
Maintain Worktag Usage

Quiz

4/10
A new user is required to create accounting journals.
What report shows which security groups have the correct access?
Select the answer
1 correct answer
A.
Security Group Membership and Access
B.
View Security For Securable Item
C.
Roles for Organization and Subordinates
D.
Role Assignment Permissions

Quiz

5/10
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?
Select the answer
1 correct answer
A.
Edit intercompany profiles and ensure Bank Accounts are selected.
B.
Ensure the Maintain Companies as Customers or Suppliers configuration is completed.
C.
Confirm the payables and receivables account posting rules are configured for Intercompany transactions.
D.
Ensure the account posting rules for intercompany payables and intercompany receivables have been configured.

Quiz

6/10
Refer to the following scenario to answer the question below.
Your company just implemented Workday. Several users in the finance department cannot access
certain delivered financial reports they need to perform their month-end close tasks. Additionally, some
journal entries that were manually created are not being automatically routed for approval as expected.
As a member of the security team, you need to investigate and resolve these issues.
Why are the users unable to access the reports?
Select the answer
1 correct answer
A.
The users' Workday accounts have not been activated since the system went live.
B.
The reports are poorly designed.
C.
The reports are scheduled to run only at specific times that do not coincide with the users' access attempts.
D.
The users do not have access to the security domain, which secures the standard report.

Quiz

7/10
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?
Select the answer
1 correct answer
A.
Add the cost center and location to the statistic definition.
B.
Add the cost center and location to the source.
C.
Add the cost center and location from the source data to the offset.
D.
Add the cost center and location from the source data to the target.

Quiz

8/10
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?
Select the answer
1 correct answer
A.
Source
B.
Offset
C.
Target
D.
Basis

Quiz

9/10
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?
Select the answer
1 correct answer
A.
Process journal entry only in Company X's books.
B.
Directly transfer funds between the bank accounts of Company X and Company Y.
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.

Quiz

10/10
When can you view the accounting for a supplier invoice transaction?
Select the answer
1 correct answer
A.
After the supplier invoice is submitted, even if it is in progress.
B.
After the supplier invoice is approved.
C.
At any point by selecting Related Actions and View Accounting.
D.
Only when the transaction has a Posted status.
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Info quiz:

  • Quiz name:Workday-Record-to-Report: Workday Pro Record-to-Report (R2R) Certification
  • Total number of questions:55
  • Number of questions for the test:50
  • Pass score:80%

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