Exam (elaborations)
Workday Financials: Questions With Correct Solutions
- Module
- Institution
Workday Financials: Questions With Correct Solutions
[Show more]
Seller
Follow
Studyhall
Reviews received
Content preview
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Studyhall. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.11. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now