Workday Workday-Record-to-Report Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Workflow Configuration | - Access controls for financial processes - Process automation and workflow design |
| Period End Close and Consolidation | - Month-end and year-end close procedures - Financial consolidation and intercompany processing |
| 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 |
| Journal Processing and Accounting Entries | - Journal creation, validation, and posting - Adjustments, reversals, and approval workflows |
| Financial Accounting Fundamentals | - Accounting principles in Workday - Financial structures and ledgers |
| Financial Reporting and Analytics | - Reporting frameworks and analytics tools - Financial statement generation |
Workday Pro Record-to-Report (R2R) Certification Sample Questions:
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 to the statistic definition.
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.
2. 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) Maintain Dashboards
C) Configure Worklet for Dashboard
D) Edit Custom Report
3. 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?
A) Use the intercompany transaction functionality, with Company X recording revenue and Company Y recording an expense.
B) Process journal entry only in Company X's books.
C) Directly transfer funds between the bank accounts of Company X and Company Y.
D) Process a regular vendor invoice from Company X to Company Y.
4. 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 depreciation expense
B) Workday will automatically select the appropriate accounting method
C) ROU asset operating expense
D) Straight line expense
5. All operational transactions with the spend category of Office and Administrative should post to ledger account 6300-Office Supplies. Costs are currently posting to 1100-Suspense.
What should you do?
A) Run the Fix Operational Journals With Errors Report and Correct the Ledger Account.
B) Configure a condition on the Spend Rule with the appropriate dimension, value and resulting ledger account.
C) Add condition rules for ledger accounts to the Approval step in the Supplier Invoice Event business process.
D) Update the default ledger account on the Spend Posting rule to 6300-Office Supplies.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: B |
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