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Workday Financials: Questions With Correct Solutions
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Workday Financials: Questions With Correct Solutions
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Workday Financials: Questions With Correct SolutionsIndustry term: general ledger Right Ans - WD term: financial accounting
Industry term: budgeting Right Ans - WD term: business plans (will soon be called budgets)
Industry term: billing Right Ans - WD term: revenue managmenet
Industry term: A/R Right Ans - WD term: customer accounts
Industry term: A/P Right Ans - WD term: supplier accounts
Industry term: Asset management Right Ans - business asset accounting/business asset tracking
3 types of organizations Right Ans - 1. company
2. cost center
3. region
3 uses for a hierarchy Right Ans - 1. used for grouping
2. used for security
3. used for reporting
"maintain" will show you: Right Ans - an editable grid
"find" will show you Right Ans - a list of values
"view" will show you Right Ans - one value
What level in a hierarchy can reporting occur at? Right Ans - any level
What level in a hierarchy can transactions occur? Right Ans - bottom level
What is a reference ID used for? Right Ans - ANY integration system
Is a reference ID visable to the end user? Right Ans - NO
who uses iloads? Right Ans - consultants Who uses EIBs? Right Ans - customers
What is the purpose of a reorganization? Right Ans - It allows you to track everything you did associated with a specific reorganization
The reference ID should be the same ID you used for what? Right Ans - Org code
How do you edit a company tax ID? Right Ans - View the company, actions --> company --> edit tax ID
(you can use the first field if you only have 1, but use the table if you have more than 1)
When creating a company, do you combine the name & code? Why? Right Ans - No, because we don't do transactions at this level of the hierarchy
How do you create a subordinate under a hierarchy? Right Ans - View the hierarchy (ex: GMS NA), actions--> reorganization-->create subordinate--
>company (choose company because it's a hierarchy of companies!)
What is the important step AFTER creating a cost center? Right Ans - Assign the cost center to the hierarchy
Can a cost center be assigned to multiple hierarchies? Right Ans - yes
How many custom organizations do you get? Right Ans - 10 -- once you use
them, they're gone!
What is the typical way of creating a custom organization? Right Ans - typically, create the children, then the parent, then tie them together
What is a worktag? Right Ans - A tag that goes on a transaction so it can be reported on later
What is the relationship between worktags and organizations? Right Ans - every organization is a worktag, but not every worktag is an organization
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