- Exam Code: Workday-Record-to-Report
- Exam Name: Workday Pro Record-to-Report (R2R) Certification Exam
- Certification Provider: Workday
- Corresponding Certification:Workday Pro Financial Management
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Workday Workday-Record-to-Report Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Financial Accounting and Period Close Configuration | - Accounting configuration and maintenance
|
| Topic 2: Financial Close and Reporting | - Close process execution
|
| Topic 3: Core Workday Financial Management Functionality | - Workday Financial Management system functionality
|
| Topic 4: Advanced Accounting Tasks | - Journal Processing
|
Workday Pro Record-to-Report (R2R) Certification Sample Questions:
1. Your healthcare company is restructuring its departments to improve patient care coordination.
Why would they set up the new departments as organizations?
A) To manage employee performance reviews by department
B) To structure the hospital's workforce and financial reporting
C) To schedule patient appointments within each department
D) To track medical supplies inventory for each department
2. An accountant is creating an on-behalf-of intercompany transaction using a manual journal. When selecting the line company, the user notices that a company is missing from the list.
What configuration should they look at to allow for this transaction between the two companies?
A) Maintain Companies as Customers or Suppliers
B) Intercompany Receivables Account Posting Rule
C) Intercompany Payables Account Posting Rule
D) Intercompany Profiles
3. If a user records an on-account payment for a customer, what additional step must be completed in Workday before a refund may be processed?
A) Write-off bad debt
B) Create settlement run
C) Process a customer invoice adjustment
D) Create a customer deposit
4. 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.
In addition to the supplier invoices, what transaction is necessary for the IFRS book to achieve compliance?
A) An adjusting journal entry that includes a book code specific to IFRS.
B) Two adjusting journal entries that include book codes for IFRS and for U.S. GAAP.
C) An adjusting journal entry assigned to the blank book code.
D) An adjusting journal entry that includes a book code specific to U.S. GAAP.
5. How does Workday handle accounting for operational transactions?
A) Workday uses built-in logic to manage most operational transactions. If necessary, the end user can override this.
B) Workday evaluates criteria entered on operational transactions against the account posting rules and posts operational journals accordingly.
C) Operational transactions and manually entered transactions are handled the same.
D) Workday looks at the spend and revenue rules for handling operational transactions.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |
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