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Free WorkdayProRecord-to-Report (R2R)Certification Exam Practice Questions

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Exam style questions across every Workday-Record-to-Report domain

Last Update 3 days ago
Total Questions : 55

Start with our free Workday-Record-to-Report practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real Workday Pro Financial Management exam. Each Workday-Record-to-Report exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your Workday weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 11

In what order are account posting rule conditions assessed?

Options:

A.  

Account posting rule conditions from bottom to top, then default account.

B.  

Default account, then account posting rule conditions from top to bottom.

C.  

Default account, then account posting rule conditions from bottom to top.

D.  

Account posting rule conditions from top to bottom, then default account.

Discussion 0
Question # 12

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?

Options:

A.  

Edit intercompany profiles and ensure Bank Accounts are selected.

B.  

Ensure the Maintain Companies as Customers or Suppliers configuration is completed.

C.  

Confirm the payables and receivables account posting rules are configured for Intercompany transactions.

D.  

Ensure the account posting rules for intercompany payables and intercompany receivables have been configured.

Discussion 0
Question # 13

Company A and Company B are in the same tenant and are intercompany affiliates. Company A created a customer invoice to record the direct sale of services to Company

B.  

The customer invoice completed successfully, but the corresponding supplier invoice for Company B is in error status.

How will you fix this issue?

Options:

A.  

Confirm the intercompany profiles are configured to accept only manual payment types.

B.  

Confirm Company B is configured to automatically record receipts from Company

A.  

C.  

Confirm Company A is configured to automatically record receipts from Company

B.  

D.  

Confirm Company B's associated supplier object is approved.

Discussion 0
Question # 14

When can you view the accounting for a supplier invoice transaction?

Options:

A.  

After the supplier invoice is submitted, even if it is in progress.

B.  

After the supplier invoice is approved.

C.  

At any point by selecting Related Actions and View Accounting.

D.  

Only when the transaction has a Posted status.

Discussion 0
Question # 15

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?

Options:

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.

Discussion 0
Question # 16

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.

In addition to the supplier invoices, what transaction is necessary for the IFRS book to achieve compliance?

Options:

A.  

An adjusting journal entry that includes a book code specific to U.S. GAAP.

B.  

Two adjusting journal entries that include book codes for IFRS and for U.S. GAAP.

C.  

An adjusting journal entry assigned to the blank book code.

D.  

An adjusting journal entry that includes a book code specific to IFRS.

Discussion 0

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