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

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

1. A business process administrator would like to alert the initiator if their business process has been denied.
What type of configuration should be used on the business process?

A) Review Step
B) Help Text
C) Document Delivery
D) Notification

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

3. What is the term for a financial account held at a bank or other financial institution?

A) Settlement Account
B) Ledger Account
C) Cash Pool
D) Bank Account

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

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

5. A company needs to comply with both ASC 842 and IFRS 16 leasing standards.
When creating an alternate supplier contract to comply with IFRS 16, what will determine the appropriate accounting for the installment expense recognition?

A) The original contract's contract type and contract accounting method
B) The original supplier contract's accounting method
C) The alternate supplier contract's accounting method
D) The alternate supplier contract's interest rate

Solutions: