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

SectionObjectives
Topic 1: Introduction to Record-to-Report- Core concepts and purpose of the R2R cycle
- End-to-end business process overview
Topic 2: Chart of Accounts and Organizational Setup- Ledger and organizational structure design
- Financial dimensions and configuration
Topic 3: Journal Processing and Accounting Entries- Adjustments, reversals, and approval workflows
- Journal creation, validation, and posting
Topic 4: Financial Reporting and Analytics- Reporting frameworks and analytics tools
- Financial statement generation
Topic 5: Security and Workflow Configuration- Access controls for financial processes
- Process automation and workflow design
Topic 6: Financial Accounting Fundamentals- Accounting principles in Workday
- Financial structures and ledgers
Topic 7: Period End Close and Consolidation- Month-end and year-end close procedures
- Financial consolidation and intercompany processing

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

Question #1

Company A and Company B are in the same tenant and are intercompany affiliates. Company A created a customer invoice to record the direct sale of services to Company B. The customer invoice completed successfully, but the corresponding supplier invoice for Company B is in error status.
How will you fix this issue?

  • A. Confirm Company B's associated supplier object is approved.
  • B. Confirm Company A is configured to automatically record receipts from Company B.
  • C. Confirm the intercompany profiles are configured to accept only manual payment types.
  • D. Confirm Company B is configured to automatically record receipts from Company A.
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Correct Answer: A  🗳️

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Question #2

Company A provides IT services to Company
B At the end of the month, Company A needs to bill Company B.
How will they do so?

  • A. Company A creates an external customer invoice for Company B.
  • B. Company B creates an intercompany invoice for Company A.
  • C. Company A creates a direct intercompany customer invoice to bill Company B.
  • D. Company B creates a vendor invoice for Company A.
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Correct Answer: C  🗳️

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Question #3

In what order are account posting rule conditions assessed?

  • A. Default account, then account posting rule conditions from top to bottom.
  • B. Default account, then account posting rule conditions from bottom to top.
  • C. Account posting rule conditions from top to bottom, then default account.
  • D. Account posting rule conditions from bottom to top, then default account.
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Correct Answer: C  🗳️

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Question #4

What does the Taxable field indicate when you set up a customer in Workday?

  • A. Whether the customer is exempt from property tax.
  • B. Whether the customer is subject to sales tax.
  • C. It indicates the customer's tax filing status.
  • D. It shows you the customer's tax ID.
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Correct Answer: B  🗳️

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Question #5

How can you use Workday to distribute utility expenses across different cost centers within an organization?

  • A. Enter the utility expense into each cost center's budget.
  • B. Set up an allocation definition that targets cost centers listed in the basis.
  • C. Record the entire utility expense in a single cost center.
  • D. Split the utility expense evenly across all cost centers.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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