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| Section | Objectives |
|---|---|
| Topic 1: Financial Accounting and Period Close Configuration | - Accounting configuration and maintenance
|
| Topic 2: Core Workday Financial Management Functionality | - Workday Financial Management system functionality
|
| Topic 3: Financial Close and Reporting | - Close process execution
|
| Topic 4: Advanced Accounting Tasks | - Complex Accounting Processes
|
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NEW QUESTION # 42
A report writer created a worklet to illustrate which ledger accounts the finance team certified.
What report allows the report writer to add the worklet to a dashboard?
Answer: A
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
Maintain Dashboards is the task used to configure a dashboard and add eligible worklets to it. After the report writer creates or enables the custom report as a worklet, the dashboard administrator uses Maintain Dashboards to place that worklet on the required dashboard, arrange its presentation, and control availability according to the dashboard configuration.
Edit Custom Report is used to maintain report definition, sharing, prompts, fields, and worklet-related properties, but it does not itself add the resulting worklet to a dashboard. Modify Workday Dashboards and Configure Worklet for Dashboard are not the delivered task names applicable to this action. Security remains important: users need access to the dashboard, the worklet, the custom report, its data source, and the underlying certified-account data. Adding a worklet does not bypass those domain controls. The administrator should also confirm that the report output is suitable for dashboard display and that prompts or filters have usable defaults. Maintain Dashboards is therefore the correct task for incorporating the ledger-account certification worklet into the target dashboard.
Official Workday reference: Workday Education - Workday Reporting; topics: Maintain Dashboards and dashboard worklets.
NEW QUESTION # 43
Company A and Company B need to upload accounting journals. Each company wants specific worktags available in the spreadsheet template.
What should these companies do?
Answer: C
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
Both companies can use the same Import Accounting Journal spreadsheet template. Worktag columns are driven by the template structure and tenant configuration rather than requiring a permanent company-specific template for every legal entity. Users can edit or regenerate the template to expose the necessary worktag reference columns, then populate only the worktags applicable to each company's journal lines.
Separate templates may be maintained for convenience, but Workday does not require one template per company merely because the companies use different worktag combinations. Users should not insert arbitrary spreadsheet columns without using the supported template structure, because the integration expects defined field names, reference-ID formats, and hierarchy relationships. Sharing an account set is also not sufficient by itself; worktag availability, required-worktag rules, custom validations, security, and company-specific valid combinations still apply when the journals are imported. During upload, Workday validates the company, ledger accounts, currencies, worktags, and balancing requirements and then launches the Accounting Journal Event. Therefore, the supported approach is to use the same template and make the required worktag columns available by editing or regenerating that template.
Official Workday reference: Workday Education - Accounting Journals; topics: Import Accounting Journal template and worktag columns.
NEW QUESTION # 44
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.
In addition to the supplier invoices, what transaction is necessary for the IFRS book to achieve compliance?
Answer: B
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
The supplier invoices generate operational accounting that follows the configured U.S. GAAP account posting rules. Workday ordinarily records operational journals with a blank book code, placing them in the Common Book. Because IFRS requires a different accounting result, the organization must record only the difference through an adjusting accounting journal assigned to an IFRS-specific book code.
The IFRS reporting book can then combine the blank-book-code operational activity with the IFRS adjustment book code. This produces the IFRS result without duplicating the underlying supplier invoice. A U.S. GAAP-specific adjustment is unnecessary because the operational transaction already represents that treatment. Assigning the adjustment to the blank book code would contaminate the common operational basis and make the IFRS difference appear in every book containing blank activity. Creating parallel U.S. GAAP and IFRS adjustments would also duplicate accounting rather than isolate the reporting-basis difference. Therefore, the required transaction is one adjusting journal using the IFRS-specific book code and the ledger accounts needed to reverse or reclassify the U.S. GAAP treatment. This is the central Workday multi-book design: common operational entries are recorded once, while standard-specific differences are held in separate adjustment book codes.
Official Workday reference: Workday Education - Multi-book; topics: blank book code, common book, and IFRS adjustment journals.
NEW QUESTION # 45
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?
Answer: D
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 # 46
Refer to the following scenario to answer the question below.
A company rents multiple office buildings around the country, and books rent expense for all buildings to the same ledger account and cost center. Multiple cost centers use office space in each building. The company wants to allocate costs from ledger account 6100: Facilities and cost center 34000: Facilities to cost centers 71000, 72000, and 73000, based on the square footage of those three cost centers.
When configuring the target for your allocation definition, which section should you map the cost centers from?
Answer: A
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
The target cost center worktag should be mapped from the Basis section because the basis contains the dimensions and statistical values that determine how the allocation is distributed. In this scenario, cost centers 71000, 72000, and 73000 are the basis dimensions, and their respective square-footage statistics determine each cost center's pro-rata share.
The Source section identifies the amount being allocated: activity in ledger account 6100: Facilities associated with cost center 34000: Facilities. Mapping the target cost center from Source would preserve cost center 34000 on the allocated lines, which would defeat the requirement to distribute the expense to the consuming cost centers.
Within the Target component, Workday permits worktag values to be obtained from Source, Basis, or User Specified configuration. Selecting Basis causes each generated target line to inherit the cost center associated with the square-footage value used in that line's allocation calculation. The Offset component then relieves the originating facilities cost pool and normally retains the source-company and source-worktag context.
Accordingly, Basis is both the calculation driver and the correct mapping source for the receiving cost centers.
Official Workday reference: Workday Education - Allocations; topics: Allocation Definition: Basis, Allocation Definition: Target, Worktag Mapping, and Pro-Rata.
NEW QUESTION # 47
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