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Workday Workday-Record-to-Report Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Advanced Accounting Tasks | - Complex Accounting Processes
|
| Core Workday Financial Management Functionality | - Workday Financial Management system functionality
|
| Financial Accounting and Period Close Configuration | - Accounting configuration and maintenance
|
| Financial Close and Reporting | - Close process execution
|
Workday Pro Record-to-Report (R2R) Certification Sample Questions:
In what order are account posting rule conditions assessed?
- A. Default account, then account posting rule conditions from bottom to top.
- B. Account posting rule conditions from top to bottom, then default account.
- C. Default account, then account posting rule conditions from top to bottom.
- D. Account posting rule conditions from bottom to top, then default account.
Correct Answer: B 🗳️
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As an auditor, you find a discrepancy in the intercompany balances between Company C and Company D.
How will you reconcile this difference?
- A. Reverse the transactions in the current period.
- B. Review the intercompany transaction reports to identify imbalances.
- C. Delete all intercompany transactions and re-enter them.
- D. Manually adjust the balances in the consolidated financial statements.
Correct Answer: B 🗳️
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What is the term for a financial account held at a bank or other financial institution?
- A. Cash Pool
- B. Ledger Account
- C. Settlement Account
- D. Bank Account
Correct Answer: D 🗳️
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A report writer created a worklet to illustrate which ledger accounts the finance team certified.
What report allows the report writer to add the worklet to a dashboard?
- A. Modify Workday Dashboards
- B. Configure Worklet for Dashboard
- C. Edit Custom Report
- D. Maintain Dashboards
Correct Answer: D 🗳️
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A company needs to comply with both ASC 842 and IFRS 16 leasing standards.
When creating an alternate supplier contract to comply with IFRS 16, what will determine the appropriate accounting for the installment expense recognition?
- A. The original contract's contract type and contract accounting method
- B. The original supplier contract's accounting method
- C. The alternate supplier contract's interest rate
- D. The alternate supplier contract's accounting method
Correct Answer: D 🗳️
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