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

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

1. Your company uses Workday to track shared service costs.
How can you ensure that costs are distributed to the business based on square footage?

A) Evenly distribute the costs across all business units, regardless of usage.
B) Set up an allocation with pro-rata usage metrics to distribute the costs.
C) Allocate shared service costs at the end of the fiscal year.
D) Allow each business unit to self-report their usage and manually adjust the costs.

2. An accountant would like to import multiple accounting journals for one company.
As a part of the import, what currency would the ledger amounts convert to when posted?

A) Translated Currency
B) Transaction Currency
C) Company Currency
D) Foreign Currency

3. What does the Taxable field indicate when you set up a customer in Workday?

A) Whether the customer is subject to sales tax.
B) Whether the customer is exempt from property tax.
C) It shows you the customer's tax ID.
D) It indicates the customer's tax filing status.

4. You are creating a new bank account.
What data is required?

A) The organization and the bank account number
B) The bank account routing rule field
C) Approval from your manager
D) The phone number and institution address

5. A company needs to comply with both ASC 842 and IFRS 16 leasing standards.
When creating an alternate supplier contract to comply with IFRS 16, what will determine the appropriate accounting for the installment expense recognition?

A) The original contract's contract type and contract accounting method
B) The alternate supplier contract's interest rate
C) The original supplier contract's accounting method
D) The alternate supplier contract's accounting method

Solutions: