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

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

1. Your company requires a line of business to be included on accounting journals when a cost center of 71100-Field Sales Operations is selected.
What should you do?

A) Use the Maintain Worktag Usage task for Accounting Journals.
B) Use the Maintain Related Worktags task for Cost Center.
C) Create a critical custom validation.
D) Create a warning custom validation.

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

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

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

4. A company that has multiple subsidiaries is implementing Workday. They need to set up intercompany transactions.
What is the first step in this process?

A) Train employees on how to record intercompany transactions.
B) Edit the intercompany profiles between the companies.
C) Create the journal entries for historical intercompany transactions.
D) Define the settlement terms between subsidiaries.

5. After running an allocation, what status will the resulting journal(s) be in?

A) Created
B) In Progress
C) Posted
D) Pro Forma

Solutions: