Prep and try our Workday-Record-to-Report valid and latest training questions & answers

Workday Workday-Record-to-Report Exam Overview:

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

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

1. 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.
When is the soonest the new condition would be included on the company's journals?

A) In the next ledger year, assuming no journals are posted AND they delete the unused ID generators before activating the updated journal sequence rule.
B) Before they close the current ledger year.
C) After they close all periods in the current ledger year and selects to reassign ID generators.
D) The new condition can never be included on their journals.

2. 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?

A) Edit intercompany profiles and ensure Bank Accounts are selected.
B) Ensure the Maintain Companies as Customers or Suppliers configuration is completed.
C) Ensure the account posting rules for intercompany payables and intercompany receivables have been configured.
D) Confirm the payables and receivables account posting rules are configured for Intercompany transactions.

3. 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?

A) Ensure that all supplier contracts are approved for Company B.
B) Include Company B in a hierarchy.
C) Enter a supplier contract for Company B and indicate the specific lease type, accounting method, and book code as contract parameters.
D) Use Maintain Lease Contract Book Code Configuration to configure Company B's lease types, accounting methods, and corresponding book codes.

4. 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.
What would we need to do to report according to U.S.GAAP standards?

A) Create an adjusting journal entry that includes a book code specific to U.S. taxes.
B) Create an adjusting journal entry that includes a book code specific to IFRS.
C) Report using the common book, including the blank book code.
D) Create two adjusting journal entries that include book codes for IFRS and for U.S. GAAP.

5. 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?

A) Edit intercompany profiles and ensure Bank Accounts are selected.
B) Ensure the Maintain Companies as Customers or Suppliers configuration is completed.
C) Ensure the account posting rules for intercompany payables and intercompany receivables have been configured.
D) Confirm the payables and receivables account posting rules are configured for Intercompany transactions.

Solutions: