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| Section | Objectives |
|---|---|
| Financial Reporting | - Standard Financial Reports - Financial Statements - Report Configuration |
| Financial Period Close | - Close Monitoring - Reconciliation - Period-End Close Activities |
| Financial Accounting | - General Ledger - Accounting Configuration - Accounting Processes |
| Record-to-Report Configuration | - Business Process Configuration - Accounting Rules - Security and Permissions |
| Operational Maintenance | - Troubleshooting - Best Practices - Data Validation |
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NEW QUESTION # 10
When can you view the accounting for a supplier invoice transaction?
Answer: C
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
Workday can generate and display provisional accounting after the supplier invoice is submitted, even while the Supplier Invoice Event remains In Progress. The user can access the transaction's related accounting to review the ledger accounts, amounts, taxes, worktags, and balancing entries that the configured account posting rules derive. This early visibility supports review and approval before the invoice completes.
Waiting for final approval or Posted status is unnecessary for viewing the generated accounting. Those later states determine completion and ledger inclusion, not the first point at which derived accounting can be examined. Option C is overly broad because accounting is not necessarily available at every point; a document that has not been submitted may not yet have generated the operational journal representation. Once submitted, the accounting can be inspected and errors or unexpected derivations can be identified while the workflow is still active. If configuration changes or transaction revisions occur, Workday may regenerate the accounting before final posting. Accordingly, the correct timing is after submission, even if the invoice remains in progress. Posted status is the evidence that the operational journal has affected the ledger, whereas View Accounting during workflow is a diagnostic and approval aid.
Official Workday reference: Workday Education - Supplier Accounts; topics: supplier invoice submission and View Accounting.
NEW QUESTION # 11
Company B is a standalone company and is not part of a hierarchy.
What must you complete before Company B can enter an operating lease contract in Workday?
Answer: C
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
Before Company B creates an operating lease contract, administrators must establish the relationship among the company's enabled lease type, accounting method, and book code. The Maintain Lease Contract Book Code Configuration task provides this mapping. Workday uses it to determine which accounting basis applies when the lease contract is created and to route generated lease accounting into the correct book code.
Membership in a company hierarchy is not a prerequisite for entering a lease. A standalone legal entity can maintain its own lease configuration and accounting books. Approval of unrelated supplier contracts does not supply the required accounting mapping. Option C reverses the sequence: users should not manually choose an arbitrary lease type, method, and book code on the first contract before the governing configuration exists. Where multiple lease-accounting options are enabled, Workday specifically requires distinct lease contract book code configurations and prevents incompatible codes from being reused across standards. Once the configuration is complete, Company B can create the supplier contract using the appropriate lease contract type, and Workday can generate initial recognition, installments, expense recognition, and multibook accounting consistently. Therefore, Maintain Lease Contract Book Code Configuration is the required setup action.
Official Workday reference: Workday Education - Lease Accounting; topics: lease contract book code configuration and operating lease setup.
NEW QUESTION # 12
As the accountant of your organization, you notice there are operational journals posted with missing or incorrect worktags. The corresponding fiscal period is now closed.
How can you fix the accounting?
Answer: B
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
The operational journals are already posted, and the fiscal period is closed. Workday preserves the source-document and journal audit trail, so the accountant should not attempt to edit posted operational journal lines directly. The controlled correction is for the Accounting Manager to change the applicable ledger period status to Adjustments Only and then create adjusting accounting journals that correct the missing or incorrect worktags.
Adjustments Only permits authorized adjustment activity while continuing to prevent normal operational posting into the closed period. Posting the correction only in the next period would leave the original period's dimensional reporting inaccurate and could distort certified or published balances. Fix Operational Journals with Errors applies to operational journals that remain in error; it does not rewrite journals that have already posted with valid ledger accounts but incorrect worktags. Fully reopening the period and unposting every affected operational journal is unnecessarily disruptive and can break the relationship between the source transactions and their accounting. A targeted adjustment provides the appropriate control, period accuracy, and audit evidence. After the correcting journals are approved and posted, the Accounting Manager can return the ledger period to the required closed status.
Official Workday reference: Workday Education - Accounting Journals; topics: closed periods, adjustments-only status, and correcting journals.
NEW QUESTION # 13
Refer to the following scenario to answer the question below.
A company created a journal sequence generator rule, assigned the rule to the company, selected to create ID generators, opened accounting periods, and posted journals to the current ledger year. Next, the company added a condition to the journal sequence generator rule.
What step can the company implement to change the journal sequence for the current ledger year?
Answer: C
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
Journal sequence generator IDs are applied when journals post, so the posted journals are the controlling dependency when a company needs to revise the sequence rule for the current ledger year. Because journals have already posted under the original rule, the company must first unpost every journal in that ledger year. This removes the posted-journal dependency and makes the affected sequence generators eligible for the controlled maintenance needed before the revised rule can be used.
After unposting, the company can remove unused generator IDs as applicable, update the journal sequence generator rule with the new condition, create the required generators again, and repost the journals so that numbering follows the revised configuration. The Mass Delete Journal Sequence Generator IDs task alone is not sufficient because it cannot delete identifiers that remain associated with posted journals. Closing the remaining periods also does not resolve the existing posted transactions or rebuild their sequence. Option C is therefore too absolute: the sequence can be changed for the current year, but only after the posted journals that depend on the original generator setup are unposted. Accordingly, D identifies the essential first action. This procedure preserves Workday's sequencing controls while allowing the updated condition to govern the journals when they are reposted.
Official Workday reference: Workday - Configure Journal Sequence Generator Rules; topics: sequence generator lifespan, posted journals, and changes to journal sequencing.
NEW QUESTION # 14
Your company uses Workday to track shared service costs.
How can you ensure that costs are distributed to the business based on square footage?
Answer: C
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 # 15
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