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

SectionObjectives
Security and Workflow Configuration- Access controls for financial processes
- Process automation and workflow design
Financial Accounting Fundamentals- Financial structures and ledgers
- Accounting principles in Workday
Financial Reporting and Analytics- Reporting frameworks and analytics tools
- Financial statement generation
Period End Close and Consolidation- Financial consolidation and intercompany processing
- Month-end and year-end close procedures
Journal Processing and Accounting Entries- Journal creation, validation, and posting
- Adjustments, reversals, and approval workflows
Introduction to Record-to-Report- End-to-end business process overview
- Core concepts and purpose of the R2R cycle
Chart of Accounts and Organizational Setup- Financial dimensions and configuration
- Ledger and organizational structure design

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

Question #1

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. After they close all periods in the current ledger year and selects to reassign ID generators.
  • B. In the next ledger year, assuming no journals are posted AND they delete the unused ID generators before activating the updated journal sequence rule.
  • C. Before they close the current ledger year.
  • D. The new condition can never be included on their journals.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

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 #3

Your company uses Workday to track shared service costs.
How can you ensure that costs are distributed to the business based on square footage?

  • A. Allow each business unit to self-report their usage and manually adjust the costs.
  • B. Set up an allocation with pro-rata usage metrics to distribute the costs.
  • C. Evenly distribute the costs across all business units, regardless of usage.
  • D. Allocate shared service costs at the end of the fiscal year.
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Correct Answer: B  🗳️

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Question #4

Company B is a standalone company and is not part of a hierarchy.
What must you complete before Company B can enter an operating lease contract in Workday?

  • A. Use Maintain Lease Contract Book Code Configuration to configure Company B's lease types, accounting methods, and corresponding book codes.
  • B. Include Company B in a hierarchy.
  • C. Enter a supplier contract for Company B and indicate the specific lease type, accounting method, and book code as contract parameters.
  • D. Ensure that all supplier contracts are approved for Company B.
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Correct Answer: A  🗳️

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Question #5

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?

  • A. Document Delivery
  • B. Review Step
  • C. Help Text
  • D. Notification
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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