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| Section | Objectives |
|---|---|
| Financial Accounting and Period Close Configuration | - Accounting configuration and maintenance
|
| Core Workday Financial Management Functionality | - Workday Financial Management system functionality
|
| Advanced Accounting Tasks | - Journal Processing
|
| Financial Close and Reporting | - Close process execution
|
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NEW QUESTION # 42
You need to find balances due to several suppliers for multiple periods.
What report will you use?
Answer: B
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
Supplier Activity Summary is the delivered report intended to analyze supplier-account activity and balances across a selected company and period range. It summarizes beginning balances, invoices, adjustments, payments, and ending amounts due, allowing the accountant to compare several suppliers over multiple periods and drill into supporting activity where necessary.
Suppliers by Company identifies supplier relationships but does not provide the required period-based accounts-payable balances. Find Suppliers is a master-data search and is therefore unsuitable for analyzing transaction activity. Find Journal Lines can locate accounting entries, but it requires the user to reconstruct supplier balances from journal detail and may not present the supplier-account lifecycle as efficiently as the purpose-built summary. Supplier Activity Summary is secured through the applicable supplier-account reporting domains, so the user's company access and role constraints still determine which balances are visible. The report provides the appropriate operational view for identifying amounts due, reviewing payment and adjustment movements, and reconciling supplier subledger activity to the general ledger. Consequently, Supplier Activity Summary is the correct report for the stated requirement.
Official Workday reference: Workday Education - Supplier Accounts; topics: Supplier Activity Summary and supplier balances by period.
NEW QUESTION # 43
Company A has created an accounting journal to move costs to Company B. The journal is in error status, as there are missing ledger accounts for intercompany payables and receivables.
What should you do?
Answer: C
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
An accounting journal that moves costs between Company A and Company B must balance independently by company. Workday generates intercompany receivable and payable lines to represent the due-from and due-to positions. The ledger accounts for those system-generated lines come from the Intercompany Receivables and Intercompany Payables account posting rules. If either rule lacks a valid default account or matching condition, the journal cannot derive the required ledger account and enters error status.
Bank-account selection on an intercompany profile is relevant to settlement, not to balancing an accounting journal. Maintaining companies as customers or suppliers is required for direct intercompany invoicing but is not the configuration used to derive balancing lines on a manual intercompany accounting journal. Option C is imprecise because separate payables and receivables posting rules must be configured for the intercompany purpose; the explicit requirement in D identifies both controlling rules. The finance administrator should configure valid ledger accounts, applicable dimensions, and resulting affiliate worktags, then reprocess the journal. Correct intercompany posting rules ensure that each company's entry balances and that the reciprocal positions can be reconciled, settled, and eliminated during consolidation.
Official Workday reference: Workday - Setup Considerations: Direct Intercompany Activities; topics: intercompany payables and receivables account posting rules.
NEW QUESTION # 44
When can you view the accounting for a supplier invoice transaction?
Answer: A
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 # 45
A new user is required to create accounting journals.
What report shows which security groups have the correct access?
Answer: D
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
View Security for Securable Item is the diagnostic report used to determine which security domain protects a task, report, action, or other securable item and which security groups have access through that domain policy. Entering the accounting-journal task or related securable item exposes the applicable domain and the groups granted view or modify permissions. The administrator can then compare those groups with the new user's memberships or role assignments.
Security Group Membership and Access is useful for reviewing access from a user or group perspective, but it is not the most direct report when the question begins with a specific securable task. Roles for Organization and Subordinates shows role assignments across an organization hierarchy, while Role Assignment Permissions focuses on assignment authority rather than the domain permission that enables journal creation. Workday security requires both an eligible security group and the correct organizational constraint, so the administrator should also confirm that the user's role is assigned to the company in which journals will be created. Nevertheless, View Security for Securable Item is the authoritative starting point because it identifies the exact domain policy and permitted groups governing the Create Journal capability.
Official Workday reference: Workday Education - Report Security; topics: View Security for Securable Item, domains, and permitted security groups.
NEW QUESTION # 46
Refer to the following scenario to answer the question below.
Your company just implemented Workday. Several users in the finance department cannot access certain delivered financial reports they need to perform their month-end close tasks. Additionally, some journal entries that were manually created are not being automatically routed for approval as expected. As a member of the security team, you need to investigate and resolve these issues.
Why are the users unable to access the reports?
Answer: C
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Workday Record-to-Report/Course Guide/topics:
Delivered Workday reports are securable items governed by security domains. A user can access a delivered financial report only when a security group to which the user belongs has permission on the domain securing that report and the user's organizational constraints permit access to the relevant company data. If several finance users cannot open specific delivered reports, the first technical cause to investigate is missing domain access.
Account activation would prevent the users from accessing Workday generally, not selectively block only certain reports. Report design quality affects usability and output but does not determine whether the report appears or can be launched. A scheduled report can normally also be run interactively when the user has permission; scheduling time is not the access-control mechanism. The security administrator should use View Security for Securable Item on each affected report, identify the protecting domain and permitted security groups, and then confirm group membership or role assignment for the users. Separately, the journal-routing problem must be examined through the Accounting Journal Event business-process definition and its step conditions. The report-access issue itself, however, is explained by the users lacking access to the security domain that secures the standard report.
Official Workday reference: Workday Education - Report Security; topics: security domains, delivered reports, and domain security policies.
NEW QUESTION # 47
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