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

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

1. A company is required to comply with both IFRS and U.S. GAAP lease accounting rules. The company has already booked their U.S. GAAP leases.
What accounting method should the company select to create the alternate contract for IFRS?

A) ROU asset operating expense
B) Workday will automatically select the appropriate accounting method
C) ROU asset depreciation expense
D) Straight line expense

2. 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?

A) Run the Fix Operational Journals with Errors task in the current period to automatically address any errors.
B) Reopen the ledger period and unpost all journals that have missing or incorrect worktags to reenter them later.
C) Create new adjustment journals in the next period as operational journals cannot be modified after posting
D) Ask the accounting manager to update the ledger period status to "adjustments only" and then create adjustments.

3. 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?

A) Create the new ledger account and then use them accordingly when entering intercompany transactions.
B) Create the new ledger account and then use it as default for the intercompany payables account posting rule.
C) Set up a new condition rule for Accounting Journals and include the new ledger accounts to be used for intercompany payables and receivables.
D) Set up a new condition rule for Intercompany and include the new ledger accounts to be used for payables and receivables.

4. What task will you use to specify a bank account's usage?

A) Edit Bank Account
B) Modify Bank Account Information
C) Define Bank Account Usage
D) Set Up New Bank Account

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

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

Solutions: