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Workday-Record-to-Report Valid Dumps Ebook, New Workday-Record-to-Report Cram Materials, Valid Workday-Record-to-Report Exam Camp, Workday-Record-to-Report Latest Exam Questions, Workday-Record-to-Report Reliable Exam Topics

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

Section Objectives
Advanced Accounting Tasks - Journal Processing
  • 1. Journal upload processing
    • 2. Journal sequencing
      - Data integrity and accounting tools
      • 1. Account certifications
        • 2. Data integrity tools
          - Complex Accounting Processes
          • 1. Intercompany transactions
            • 2. Lease accounting
              Financial Accounting and Period Close Configuration - Accounting configuration and maintenance
              • 1. Financial accounting setup
                • 2. Period close related configuration
                  Financial Close and Reporting - Close process execution
                  • 1. Accounting adjustments
                    • 2. Allocation processing
                      - Financial Reporting
                      • 1. Key financial reports
                        • 2. Multibook reporting
                          Core Workday Financial Management Functionality - Workday Financial Management system functionality
                          • 1. Core accounting configuration concepts
                            • 2. Financial transactions and accounting processes

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                              Workday Pro Record-to-Report (R2R) Certification Exam Sample Questions (Q56-Q61):

                              NEW QUESTION # 56
                              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 B creates an intercompany invoice for Company A.
                              • B. Company A creates an external customer invoice for Company B.
                              • C. Company B creates a vendor invoice for Company A.
                              • D. Company A creates a direct intercompany customer invoice to bill Company B.

                              Answer: D

                              Explanation:
                              Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
                              Company A is the service provider and must bill Company B, the receiving affiliate. Company A therefore creates a direct intercompany customer invoice naming Company B as the affiliated customer. The invoice records Company A's revenue and intercompany receivable and can generate or support the linked supplier invoice in Company B, which records the corresponding expense and intercompany payable.
                              Company B should not create a vendor invoice for Company A as the initiating billing document because the seller is responsible for issuing the customer invoice. A Company B intercompany invoice for Company A reverses the stated commercial direction. An external customer invoice would treat Company B as an ordinary outside customer and would not invoke Workday's direct-intercompany controls, linked documents, affiliate identification, or settlement processing. Before processing, the companies must be mapped as customers and suppliers, the intercompany profile must allow the relationship, and sales items or revenue categories must map appropriately to purchase items or spend categories. Affiliate worktags should also be present for reconciliation and elimination. Accordingly, Company A creates a direct intercompany customer invoice to bill Company B.
                              Official Workday reference: Workday - Setup Considerations: Direct Intercompany Activities; topics: direct intercompany customer invoices and linked supplier invoices.


                              NEW QUESTION # 57
                              An accountant would like to import multiple accounting journals for one company.
                              As a part of the import, what currency would the ledger amounts convert to when posted?

                              • A. Transaction Currency
                              • B. Foreign Currency
                              • C. Translated Currency
                              • D. Company Currency

                              Answer: D

                              Explanation:
                              Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
                              When imported accounting journals post, Workday records ledger amounts in the company's currency. The spreadsheet may supply transaction currency, debit and credit amounts, and where supported a currency rate or rate type. Workday converts transaction amounts into company-currency ledger amounts using the applicable conversion configuration and accounting date.
                              Transaction Currency represents the currency in which the source amount is expressed; it is not the final currency of the company's ledger amount. Foreign Currency is a descriptive concept rather than the defined posting destination. Translated Currency is used when financial balances are translated from company currency into a reporting currency for consolidated or statutory reporting and is not the base amount created by journal posting. The imported journal must balance according to the ledger and currency rules and must contain valid company, account, and worktag references. After the Accounting Journal Event completes, the posted journal affects the actuals ledger in company currency while retaining transaction-currency information for analysis. Therefore, Company Currency is the correct answer. This treatment ensures that journals imported from multiple source currencies can be consistently aggregated in the legal entity's ledger.
                              Official Workday reference: Workday Education - Accounting Journals; topics: journal import, transaction currency, and company-currency ledger amounts.


                              NEW QUESTION # 58
                              You are a finance administrator and your company is setting up their financials. They want to track all intercompany payables in a new ledger account.
                              What approach should you take?

                              • A. Set up a new condition rule for Accounting Journals and include the new ledger accounts to be used for intercompany payables and receivables.
                              • B. Create the new ledger account and then use it as default for the intercompany payables account posting rule.
                              • C. Set up a new condition rule for Intercompany and include the new ledger accounts to be used for payables and receivables.
                              • D. Create the new ledger account and then use them accordingly when entering intercompany transactions.

                              Answer: B

                              Explanation:
                              Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
                              The new ledger account must be assigned as the default result of the Intercompany Payables account posting rule. Account posting rules are the policy layer Workday uses to derive ledger accounts for system-generated operational and balancing lines. By setting the new account as the rule's default, all intercompany payable lines are directed there unless a more specific condition intentionally produces another account.
                              Merely creating the ledger account does not cause Workday to use it. End users do not normally select the intercompany payable control account manually on each transaction because that would weaken consistency and reconciliation. A custom validation condition on Accounting Journals can check transaction data, but it does not replace the account derivation rule. Similarly, creating a generic condition rule for Intercompany without attaching it to the applicable account posting rule does not determine the journal result. Administrators should confirm that the new account belongs to the company's account set, supports the required currency and worktag behavior, and is included in appropriate ledger-account summaries. The corresponding Intercompany Receivables rule must remain separately configured for due-from balances. Assigning the new account to the Intercompany Payables posting rule is therefore the controlled and scalable configuration.
                              Official Workday reference: Workday - Setup Considerations: Direct Intercompany Activities; topics: intercompany payables account posting rule and default ledger account.


                              NEW QUESTION # 59
                              What task will you use to specify a bank account's usage?

                              • A. Edit Bank Account
                              • B. Set Up New Bank Account
                              • C. Define Bank Account Usage
                              • D. Modify Bank Account Information

                              Answer: A

                              Explanation:
                              Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
                              Bank-account usage is maintained directly on the bank account through Edit Bank Account. The usage values identify the business processes for which the account is eligible, such as supplier payments, customer receipts, payroll payments, expense payments, ad hoc transactions, or other settlement activities. Workday uses these selections to restrict prompts and ensure that settlement processes choose accounts authorized for the required purpose.
                              Set Up New Bank Account is not the delivered maintenance task named in the choices, and a separately named Define Bank Account Usage task is not required. Modify Bank Account Information is also not the applicable Workday task. After accessing Edit Bank Account, the administrator can maintain primary or additional usage, accepted payment types and currencies, settlement integration details, reconciliation settings, and other controls permitted by security. Usage must be designed with bank-routing rules and company settlement requirements because selecting a usage does not automatically make the account the default for every transaction. The account must also remain active and available to the owning organization. Consequently, Edit Bank Account is the correct task for specifying or changing how the bank account may be used.
                              Official Workday reference: Workday - Steps: Set Up Banking; topics: Edit Bank Account and bank-account usage.


                              NEW QUESTION # 60
                              Your company uses Workday to track shared service costs.
                              How can you ensure that costs are distributed to the business based on square footage?

                              • A. Allocate shared service costs at the end of the fiscal year.
                              • B. Evenly distribute the costs across all business units, regardless of usage.
                              • C. Allow each business unit to self-report their usage and manually adjust the costs.
                              • D. Set up an allocation with pro-rata usage metrics to distribute the costs.

                              Answer: D

                              Explanation:
                              Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
                              A pro-rata allocation using statistical values is the appropriate configuration because square footage represents a measurable consumption driver. In Workday, the source component identifies the shared-service cost pool, while the basis determines how that pool is distributed. A statistical definition should store square-footage values by the applicable allocation dimension, such as cost center or business unit. Workday calculates each dimension's proportion of total square footage and applies that percentage to the source amount.
                              Square footage is normally configured as a balance-type statistic because it remains relatively stable and represents a period-end quantity. The target configuration then determines the ledger account and worktags receiving the allocated expense, while the offset relieves the originating shared-service cost center.
                              Spread Even would allocate identical amounts without considering actual space usage. Manual self-reporting would weaken control and repeatability, and waiting until fiscal year-end is unnecessary because allocation group sets support monthly, quarterly, or annual processing. The pro-rata method therefore produces a systematic, auditable allocation based on the organization's documented cost driver.
                              Official Workday reference: Workday Education - Allocations; topics: Allocation Definition: Basis, Pro-Rata, Statistical Values, and Allocation Processing.


                              NEW QUESTION # 61
                              ......

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