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Workday Workday-Record-to-Report Exam Overview:

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

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

1. 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.
What would we need to do to report according to U.S.GAAP standards?

A) Create two adjusting journal entries that include book codes for IFRS and for U.S. GAAP.
B) Create an adjusting journal entry that includes a book code specific to IFRS.
C) Report using the common book, including the blank book code.
D) Create an adjusting journal entry that includes a book code specific to U.S. taxes.

2. Company D and Company E process direct intercompany transactions, and both companies would like to automatically record intercompany receipts. Company D billed Company E for services provided, and Company E settled the invoice. However, Company D's accountant noticed the receipt has not been posted.
What is the most likely cause?

A) Company D did not select the option to record receipts automatically from Company E via the Edit Company Intercompany Profile.
B) Company D does not have an intercompany relationship defined with Company E.
C) Company D is not defined as a customer for supplier Company E to settle invoices.
D) Company E did not select the option to record receipts automatically from Company D via the Edit Company Intercompany Profile.

3. Refer to the following scenario to answer the question below.
A company created a journal sequence generator rule, assigned the rule to the company, selected to create ID generators, opened accounting periods, and posted journals to the current ledger year. Next, the company added a condition to the journal sequence generator rule.
When is the soonest the new condition would be included on the company's journals?

A) After they close all periods in the current ledger year and selects to reassign ID generators.
B) In the next ledger year, assuming no journals are posted AND they delete the unused ID generators before activating the updated journal sequence rule.
C) Before they close the current ledger year.
D) The new condition can never be included on their journals.

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) It indicates the customer's tax filing status.
C) Whether the customer is subject to sales tax.
D) It shows you the customer's tax ID.

5. Your healthcare company is restructuring its departments to improve patient care coordination.
Why would they set up the new departments as organizations?

A) To track medical supplies inventory for each department
B) To manage employee performance reviews by department
C) To structure the hospital's workforce and financial reporting
D) To schedule patient appointments within each department

Solutions: