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| Section | Objectives |
|---|---|
| Financial Reporting | - Standard Financial Reports - Report Configuration - Financial Statements |
| Financial Period Close | - Period-End Close Activities - Reconciliation - Close Monitoring |
| Operational Maintenance | - Troubleshooting - Best Practices - Data Validation |
| Financial Accounting | - Accounting Configuration - Accounting Processes - General Ledger |
| Record-to-Report Configuration | - Accounting Rules - Business Process Configuration - Security and Permissions |
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NEW QUESTION # 47
You submit a journal entry.
What journal status proves Workday recorded it in the ledger?
Answer: A
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
Posted is the journal status that confirms Workday has recorded the journal in the ledger. Workday defines a posted journal as one that has completed the Accounting Journal Event business process, has been posted to the applicable company ledger, and is included in financial reporting.
Submission alone does not establish ledger recognition. After submission, a journal may remain In Progress while approvals, reviews, validations, or other configured business-process steps are outstanding. During that period, Workday has assigned the journal to workflow, but it is not yet included in standard financial statements. Approved and Completed may describe workflow events or steps, but they are not the controlling accounting-document status used to demonstrate that ledger posting occurred.
Once the journal reaches Posted status, its debit and credit lines affect ledger balances for the specified accounting date, ledger, company, book code, and worktags. A posted journal can subsequently be removed from active ledger reporting only through the controlled unposting process, subject to period status and security restrictions.
Therefore, the accountant should verify the journal document status itself rather than relying solely on submission or approval history. The definitive status evidencing ledger recording is Posted.
Official Workday reference: Workday Education - Accounting Journals; topics: Journal Statuses, Posted, and Accounting Journal Event.
NEW QUESTION # 48
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?
Answer: C
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
The automatic receipt configuration is evaluated from the company performing the settlement. Company E is the paying company because it settled the supplier-side obligation created from Company D's customer invoice. Therefore, Company E's intercompany profile relationship with Company D must have Record Intercompany Receipt enabled.
Workday defines this option as generating an intercompany receipt after the current company settles an intercompany transaction received from the company identified in the profile's To relationship. In this scenario, Company E is the current company and Company D is the company from which the intercompany transaction originated. If Company E has not selected the automatic receipt option for Company D, settlement can complete without the corresponding receipt being generated and posted for Company D.
Company D's profile setting in option A represents the reverse transaction direction. A missing intercompany relationship is less likely because the companies successfully processed and settled a direct intercompany invoice. Similarly, the required company-as-customer and company-as-supplier configuration must already exist for the underlying direct intercompany invoice flow to operate. The failure specifically concerns the post-settlement receipt, making Company E's automatic receipt setting the controlling configuration.
Official Workday reference: Workday - Define Intercompany Profiles; topics: Record Intercompany Receipt and Direct Intercompany Activities.
NEW QUESTION # 49
What security group can enter a supplier invoice?
Answer: A
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
The Accounts Payable Data Entry Specialist is the delivered role-based security group designed to perform core supplier-account transaction entry, including creating and maintaining supplier invoices and supplier invoice adjustments for assigned organizations. Its constrained role assignment determines the companies for which the user can enter transactions, while the relevant domain and business-process security policies authorize the task and initiation action.
Supplier Administrator primarily maintains supplier master data and related setup rather than performing routine invoice entry. Accounts Payable Manager and Accounts Payable Analyst may have reporting, review, approval, or broader management responsibilities, but the delivered group explicitly aligned to entering supplier invoices is Accounts Payable Data Entry Specialist. Organizations can extend or modify security policies, so an implementation may grant additional groups access; however, certification questions use the delivered functional responsibility. The administrator should confirm both task-domain permission and the Initiate action on the Supplier Invoice Event business process, along with an appropriate company role assignment. Therefore, Accounts Payable Data Entry Specialist is the correct security group.
Official Workday reference: Workday Education - Supplier Accounts; topics: Accounts Payable Data Entry Specialist and supplier-invoice processing.
NEW QUESTION # 50
What does the Taxable field indicate when you set up a customer in Workday?
Answer: A
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
The Taxable field identifies whether the customer is generally subject to sales or transaction tax processing. When enabled, Workday can apply the configured tax applicability, tax codes, rates, exemptions, and jurisdiction rules to eligible customer invoice lines. The field is part of customer tax setup and influences transaction-tax determination rather than serving as an informational tax identifier.
Property-tax exemption is unrelated to customer invoice transaction-tax processing. The customer's tax ID is maintained in separate tax-identification fields, and tax filing status is not the purpose of the Taxable indicator. A taxable customer can still have transaction-specific exemptions or tax rules, so the field should be interpreted together with exemption certificates, ship-to or bill-to jurisdiction, taxable items, and tax applicability configuration. Conversely, clearing the field can prevent ordinary sales-tax calculation when the customer is not subject to tax under the organization's design. Administrators must maintain the value consistently because it affects invoicing, tax reporting, and reconciliation. Therefore, the Taxable field indicates whether the customer is subject to sales tax, making option A correct.
Official Workday reference: Workday - Setup Considerations: Transaction Taxes; topics: customer taxability and transaction-tax calculation.
NEW QUESTION # 51
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?
Answer: B
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
A direct intercompany customer invoice created by Company A can generate the corresponding supplier-side document for Company B only when the legal entities are correctly represented as customer and supplier business objects. If Company B's associated supplier object is unapproved, Workday cannot complete the supplier invoice even though the originating customer invoice has successfully completed. The supplier invoice therefore enters error status until the supplier setup is approved and valid for use.
Automatic intercompany receipt settings relate to settlement and receipt generation after an intercompany obligation is paid; they do not control whether the supplier invoice is initially generated from the approved customer invoice. Manual payment-type selections likewise affect settlement configuration rather than supplier-document creation. Because the intercompany transaction already initiated successfully, the relationship and invoice-generation service are substantially in place. The failed downstream document points directly to the status of Company B's supplier representation. The administrator should approve or correct the associated supplier object, confirm its company mapping and required item or category relationships, and then resume or reprocess the supplier invoice event. This preserves the linked direct-intercompany document chain and ensures that Company A's receivable and revenue are matched by Company B's payable and expense.
Official Workday reference: Workday - Setup Considerations: Direct Intercompany Activities; topics: direct intercompany invoices and companies maintained as customers or suppliers.
NEW QUESTION # 52
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