Workday - Financial Management for Administrators

1-1) Which of the following statements is true when considering domains?

A. Domains have view and modify security.

B. Domain tasks can have workflows.

C. The list of reports and tasks within a Workday delivered domain can be

configured.

D. Domain tasks will have a submit button.

A. Domains have view and modify security.

1-2) Which statement applies to User-based Security groups?

A. They are assigned to a position.

B. They do not require a worker.

C. They give tenant-wide permissions.

D. They are constrained to an organization.

C. They give tenant-wide permissions.

1-3) What does a functional area include?

A. A set of Role-based security groups

B. A set of domains and business processes

C. A set of User-based security groups

D. A set of organizations

B. A set of domains and business processes

2-1) Which organization type represents a legal entity?

A. Business Unit

B. Cost Center

C. Fund

D. Company

D. Company

2-2) Which of the following applies to custom worktags?

A. Custom worktag values can belong to a hierarchy.

B. Custom worktag values cannot have security assigned.

C. There is a limit of ten custom worktag types.

D. There is no limit on the number of custom worktag types.

B. Custom worktag values cannot have security assigned.

2-3) Your organization is a shipping company and wants to track each ship in their fleet. They also want to capture the port of registration for each ship. You have been tasked with setting this up in their Workday tenant.

They want to be able assign each ship to financial transactions. They need to be able to assign employees to each ship and assign a new custom security group called Ship’s Captain. Which Workday feature should you set up to represent each ship?

A. A company organization.

B. A custom worktag.

C. A cost center organization.

D. A custom organization

D. A custom organization

2-4) Your organization is a shipping company and wants to track each ship in their fleet. They also want to capture the port of registration for each ship. You have been tasked with setting this up in their Workday tenant.

They would like to capture the port of registration on financial transactions. This port of registration will not need to be used in a hierarchy, will not have security assigned, or require any workers. Which Workday feature should you set up to represent each port of registration?

A. A company organization

B. A custom worktag

C. A cost center organization

D. A custom organization

B. A company worktag

3-1) What field in Maintain Assignable Roles governs which user’s picture will display when viewing the organization chart?

A. Is Leader / Is Supporting.

B. Assigned by Security Groups.

C. Restricted to Single Assignment.

D. Enabled

A. Is Leader / Is Supporting.

3-2) What does the View Security for Securable Item report display?

A. The security groups required to approve a supplier invoice

B. The security groups required to run or view a task or report

C. The steps of a business process

definition

D. The permissions assigned to security group

B. The security groups required to run or view a task or report

3-3) You create a new role-based security group and assignable role. When viewing the assignable role, the For Security Groups section is empty. Which steps do you take to correct this?

A. Use Maintain Assignable Roles to link the new role to the new security group.

B. Use Maintain Assignable Roles to set the new security group under the Administered by Security Groups prompt.

C. Edit the new security group and update the assignable role

field.

D. Edit the new role and update the security group

C. Edit the new security group and update the assignable role field

4-1) What is the first step type in every business process?

A. Action

B. Initiate

C. Service

D. Approval

B. Initiate

4-2) You create a new company organization. You have not yet assigned it to a company hierarchy. What business process definition will a new company follow?

A. The default definition

B. The company specific definition

C. The definition for the company hierarchy

D. The definition for the user

A. The default definition

4-3) Create Supplier Invoice and Create Journal are examples of what feature of business processes?

A. Review Steps

B. Initiating Actions

C. Action Steps

D. Complete Steps

B. Initiating Actions

5-1) When creating an advanced report, a field that is available on the data source is not showing up when trying to add it as a column. What might be the reason?

A. The field is not available on the data source filter.

B. The user does not have the right security to view the field.

C. The Optimized for Performance box is selected and the field is not indexed.

D. The Optimized for Performance box is not selected and the field is indexed.

C. The Optimized for Performance box is selected and the field is not indexed.

5-2) What determines the Primary Business Object for a report?

A. The report type

B. The report filters

C. The report prompts

D. The report data source

D. The report data source

5-3) A report is shared with all authorized users, which users can run the report?

A. Any user that belongs to a security group on the data source and data source

filter for the report

B. Any user that belongs to the Report Writer security group

C. Any user that belongs to a security group that can create the transaction that the report is based on

D. Any user that belongs to a security group on the primary business object for the report

A. Any user that belongs to a security group on the data sources and data source filer for the report.

6-1) Before you can begin creating and posting financial transactions, you need to set up financial accounting details for each company. What is the first step in setting up financial accounting details?

A. Create ledger

B. Edit company accounting details

C. Create ledger year and ledger periods

D. Mass update ledger period status

B. Edit company accounting details

6-2) You are setting up a new company ready for financial transactions. Which of the following options are not possible to configure using the Using the task Edit Company Accounting Details?

A. The fiscal schedule for the company.

B. The account posting rules for the company.

C. Setting the journal reversal options for the company.

D. Opening the ledger periods for the company.

D. Opening the ledger periods for the company

6-3) You have setup the accounting for a new company and your end users have reported issues when trying to open ledger periods for the new company.

Your users have reported that they are not able to run the Mass Update Ledger Period Status task, what is the issue?

A. The user does not belong to a security group that can run this task.

B. The user does not belong to a security group that can access this business process.

C. The user belongs to a security group that can access the task, but has not been assigned the correct role for the new company.

D. The company ledger year and periods are not in the correct state to be opened.

A. The user does not belong to a security group that can run this task.

6-4) You have setup the accounting for a new company and your end users have reported issues when trying to open ledger periods for the new company.

Your user has reported that they are not able to locate the new company when running the Mass Update ledger Periods task. You have confirmed that the user has the correct role for the new company and they have the correct security groups. Why can this user not locate the new company using this task?

A. The user does not belong to a security group that can access this task.

B. The user does not belong to a security group that can access this business process.

C. The user belongs to a security group that can access the task, but has not been assigned the correct role for the new company.

D. The company ledger year and periods are not in the correct state to be opened.

D. The company ledger year and periods are not in the correct state to be opened.

7-1) When configuring account posting rules, which statement is true?

A. Multiple dimensions are always read as AND

An operational transaction, in this case a supplier invoice, is unable to derive a ledger account using the account posting rules. What will happen?

B. The supplier invoice can be processed, but the operational journal will go into error.

When configuring account posting rule conditions, which statement is true?

D. Workday evaluates conditions from the top of the list through to the bottom.

When you create a new organization, what information should be updated to simplify importing data using an EIB?

B. Organization Reference ID

You create an accounting journal. When viewing the journal, the options available from related actions allow you to Cancel, Edit and Submit the journal. You do not have the option to Delete the journal. What is the journal status?

C. In Progress

You are trying to add worktags to a supplier invoice, you find that Location worktags are not available to be added to any supplier invoices. Which area should you review to help fix the issue?

A. Maintain Worktag Usage

How many supplier categories must be selected for each supplier?

B. One, and you must select one

Your organization would like to require a specific worktag on all supplier invoices. This requirement only applies to one company in your tenant, the other companies do not want this worktag to be required. How should you set this up?

D. Use a custom validation to make the worktag required and include the specific company in the condition.

You create several standalone supplier invoices. The business process sends each invoice for approval to a cost center manager. however, when reviewing the process for your invoices, you do not see a name next to the approval step.

For the first invoice, you have checked your cost center hierarchy and you do have a cost center manager assigned. Your invoice has a cost center worktag for each line. What is the issue?

A. Your cost centers are not assigned to the cost center hierarchy.

You create several standalone supplier invoices. The business process sends each invoice for approval to a cost center manager. however, when reviewing the process for your invoices, you do not see a name next to the approval step.

For the second invoice, you have checked the cost centers entered on each invoice line and they are assigned to a cost center hierarchy. What is the issue?

B. Your cost center hierarchy does not have a cost center manger assigned.

What security group can settle both invoices and customer refunds in the same settlement run?

C. The settlement specialist

What determines the bank account selection during a settlement run?

D. The bank routing rule for the company

During a settlement run, what determines which transactions can be processed using each bank account?

C. The primary account usages set on the bank account

How many customer groups must be selected for each customer?

A. None, or as many as you like

When entering worktags on customer invoices ,which statement is correct?

C. Worktags can be entered on the header and will apply to all lines.

Your customer invoice journal is missing a ledger account. You have corrected the relevant account posting rules. Which task or report can help you post the journal correctly

B. Fix Operational Journals with Errors

12-1) Which of the following statements about customer deposits are true?

C. Customer deposits can be created at the same time as the customer payment, or by running a separate task.

12-2) If your bank account is not available when you are depositing a customer payment, what should you do?

A. Review the primary account usages for your bank

Can custom worktags have security assigned or a hierarchy or workers?

False/No:
Custom worktags do not have any security assigned, cannot have a hierarchy, and cannot have Worker members.

How many Custom Organizations can you have in a tenant?

10 custom organizations

How many custom worktags can you have in an organization?

15 custom worktags

Can a custom organization roll up Workday provided organization types.

No/False

Can a custom organization have hiearchie?

Yes, but custom worktags cannot