Workday-Record-to-Report Practice Questions

A.  

A new company organization.

B.  

A new cost center organization.

C.  

New worktags that represent the acquisition.

D.  

A new reorganization before setting up the new cost center.

A.  

Delete all intercompany transactions and re-enter them.

B.  

Review the intercompany transaction reports to identify imbalances.

C.  

Reverse the transactions in the current period.

D.  

Manually adjust the balances in the consolidated financial statements.

A.  

Create a critical custom validation.

B.  

Use the Maintain Related Worktags task for Cost Center.

C.  

Use the Maintain Worktag Usage task for Accounting Journals.

D.  

Create a warning custom validation.

A.  

Configure a condition on the Spend Rule with the appropriate dimension, value and resulting ledger account.

B.  

Update the default ledger account on the Spend Posting rule to 6300-Office Supplies.

C.  

Run the Fix Operational Journals With Errors Report and Correct the Ledger Account.

D.  

Add condition rules for ledger accounts to the Approval step in the Supplier Invoice Event business process.

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.

A.  

Process journal entry only in Company X's books.

B.  

Directly transfer funds between the bank accounts of Company X and Company Y.

C.  

Process a regular vendor invoice from Company X to Company Y.

D.  

Use the intercompany transaction functionality, with Company X recording revenue and Company Y recording an expense.