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

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

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

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

3. You need to find balances due to several suppliers for multiple periods.
What report will you use?

A) Supplier Activity Summary
B) Find Suppliers
C) Find Journal Lines
D) Suppliers by Company

4. How can you use Workday to distribute utility expenses across different cost centers within an organization?

A) Enter the utility expense into each cost center's budget.
B) Record the entire utility expense in a single cost center.
C) Split the utility expense evenly across all cost centers.
D) Set up an allocation definition that targets cost centers listed in the basis.

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

Solutions: