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| Section | Objectives |
|---|---|
| Period End Close and Consolidation | - Financial consolidation and intercompany processing - Month-end and year-end close procedures |
| Financial Accounting Fundamentals | - Accounting principles in Workday - Financial structures and ledgers |
| Journal Processing and Accounting Entries | - Adjustments, reversals, and approval workflows - Journal creation, validation, and posting |
| Financial Reporting and Analytics | - Reporting frameworks and analytics tools - Financial statement generation |
| Introduction to Record-to-Report | - Core concepts and purpose of the R2R cycle - End-to-end business process overview |
| Security and Workflow Configuration | - Access controls for financial processes - Process automation and workflow design |
| Chart of Accounts and Organizational Setup | - Financial dimensions and configuration - Ledger and organizational structure design |
After running an allocation, what status will the resulting journal(s) be in?
Correct Answer: A 🗳️
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Your company uses Workday to track shared service costs.
How can you ensure that costs are distributed to the business based on square footage?
Correct Answer: D 🗳️
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What task will you use to specify a bank account's usage?
Correct Answer: A 🗳️
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You need to find balances due to several suppliers for multiple periods.
What report will you use?
Correct Answer: A 🗳️
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In addition to a unique report name, what must you immediately identify when creating a custom report?
Correct Answer: C 🗳️
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