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

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

Question 1

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

Question 2

Your healthcare company is restructuring its departments to improve patient care coordination.
Why would they set up the new departments as organizations?

A. To track medical supplies inventory for each department
B. To manage employee performance reviews by department
C. To structure the hospital's workforce and financial reporting
D. To schedule patient appointments within each department

Question 3

A company wants to allocate costs from operating expenses ledger accounts with a cost center of Facilities and a location of Chicago. When the current allocation definition is run, all costs posted to the operating expenses ledger accounts are being allocated regardless of cost center or location.
What should you do?

A. Add the cost center and location to the source.
B. Add the cost center and location to the statistic definition.
C. Add the cost center and location from the source data to the target.
D. Add the cost center and location from the source data to the offset.

Question 4

A company is required to comply with both IFRS and U.S. GAAP lease accounting rules. The company has already mapped the IFRS operating lease contract types to the appropriate accounting method.
What book code should the company configure for the IFRS operating lease contracts?

A. Both IFRS and U.S. GAAP book codes
B. Tax adjustments specific book code
C. Blank book code
D. IFRS specific book code

Question 5

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. Foreign Currency
B. Company Currency
C. Transaction Currency
D. Translated Currency

Solutions: