WORKDAY FIN CERT MC PRACTICE
EXAMINATION 2026 QUESTIONS WITH
ANSWERS GRADED A+
◍ How many spend categories can you have per invoice line?.
Answer: Only 1
◍ Which of the following is not a configuration option for sequence Generator
lifespan in the Create Journal Sequence Generator Rule Configuration
task?A) ContinuousB) For All Open PeriodsC) For a Ledger YearD) For a
Ledger Period.
Answer: For All Open Periods
◍ If your bank account does not show up when you are depositing a customer
payment, what should you do?.
Answer: B) Review the Bank Account Usage
◍ For an Import Accounting Journal EIB, when the Submit column is set to
"N" or left blank what will be the status of the resulting journal entry?A)
SubmittedB) CreatedC) In ProgressD) Approved.
Answer: Created
◍ True/False: A superior organization can only be assigned from the hierarchy
that will fall under it.
Answer: True
◍ What must be setup to ensure a worktag is entered on every customer
invoice when a specific revenue category used?
A. Custom validation
B. Maintain Related Worktag Usage
C. Maintain Worktag Usage.
Answer: A. Custom Validation
,◍ Where are relationships established between affiliate companies?A)
Company Intercompany ProfileB) Intercompany Work AreaC) Company
Accounting Details.
Answer: Company Intercompany Profile
◍ Which security role is used to create and maintain supplier invoices?
A. Accounts Payable Analyst
B. Accounts Payable Data Entry Specialist
C. Accountant
D. Accounting Manager.
Answer: Accounts Payable Data Entry Specialist
◍ Composite and matrix reports are both examples of what?
A. Workday Standard Reports
B. Custom Report Types
C. Data Sources
D. Shared Reports.
Answer: Custom Report Types
◍ Which report can be run to monitor the overall processing of allocations for
all companies?A) Allocations by Allocation DefinitionB) Allocation Work
AreaC) Find Allocations.
Answer: B) Allocation Work Area
◍ What is the name of the task in Workday that associates Ledger Account
Summaries with lines on the Balance Sheet and Income statement?A)
Maintain Standard AliasesB) Map AliasesC) Map Standard AliasesD)
Create Alias Mapping.
Answer: C) Map Standard Aliases
◍ True or False: Customer groups are required setup to be used for reporting
and searching the customer base..
Answer: False
◍ If you choose EFT as a payment type when creating a supplier, what must
you also add?.
, Answer: A bank account
◍ Which of the following describes a Custom Worktag?A) Delivered by
Workday to track financial transactions and group people. For example,
company or cost center.B) Delivered by Workday to track financial
transactions. For example, supplier or customer.C) Created by customers to
track financial transactions. For example, course number or market
segment.D) Created by customers to track financial transactions and group
workers. For example, training center or sales channel..
Answer: C) Created by customers to track financial transactions. For
example, course number or market segment
◍ Which of the following is not part of Maintaining Company Accounting
Details?A) Assign Company CurrencyB) Assign Company Account SetC)
Assign Account Posting Rule SetsD) Open Ledger Year and Ledger Periods.
Answer: D) Open Ledger Year and Ledger Periods
◍ Which statement is true about books and book codes?A) The "Blank" book
code is Workday ownedB) Book codes are Workday ownedC) Books are
Workday owned.
Answer: The "Blank" book code is Workday owned
◍ True or False: A supplier invoice adjustment creates a new, separate
transaction and journal..
Answer: True
◍ True or False: There are two types of journals: Accounting journals and
Operational journals..
Answer: True
◍ True or False: When creating a new standalone company, this company will
use all organization-specific definitions..
Answer: True
◍ T/F: Cost centers are required on balance sheet accounts.
Answer: False: balance sheet includes assets, liability, and equity accounts
EXAMINATION 2026 QUESTIONS WITH
ANSWERS GRADED A+
◍ How many spend categories can you have per invoice line?.
Answer: Only 1
◍ Which of the following is not a configuration option for sequence Generator
lifespan in the Create Journal Sequence Generator Rule Configuration
task?A) ContinuousB) For All Open PeriodsC) For a Ledger YearD) For a
Ledger Period.
Answer: For All Open Periods
◍ If your bank account does not show up when you are depositing a customer
payment, what should you do?.
Answer: B) Review the Bank Account Usage
◍ For an Import Accounting Journal EIB, when the Submit column is set to
"N" or left blank what will be the status of the resulting journal entry?A)
SubmittedB) CreatedC) In ProgressD) Approved.
Answer: Created
◍ True/False: A superior organization can only be assigned from the hierarchy
that will fall under it.
Answer: True
◍ What must be setup to ensure a worktag is entered on every customer
invoice when a specific revenue category used?
A. Custom validation
B. Maintain Related Worktag Usage
C. Maintain Worktag Usage.
Answer: A. Custom Validation
,◍ Where are relationships established between affiliate companies?A)
Company Intercompany ProfileB) Intercompany Work AreaC) Company
Accounting Details.
Answer: Company Intercompany Profile
◍ Which security role is used to create and maintain supplier invoices?
A. Accounts Payable Analyst
B. Accounts Payable Data Entry Specialist
C. Accountant
D. Accounting Manager.
Answer: Accounts Payable Data Entry Specialist
◍ Composite and matrix reports are both examples of what?
A. Workday Standard Reports
B. Custom Report Types
C. Data Sources
D. Shared Reports.
Answer: Custom Report Types
◍ Which report can be run to monitor the overall processing of allocations for
all companies?A) Allocations by Allocation DefinitionB) Allocation Work
AreaC) Find Allocations.
Answer: B) Allocation Work Area
◍ What is the name of the task in Workday that associates Ledger Account
Summaries with lines on the Balance Sheet and Income statement?A)
Maintain Standard AliasesB) Map AliasesC) Map Standard AliasesD)
Create Alias Mapping.
Answer: C) Map Standard Aliases
◍ True or False: Customer groups are required setup to be used for reporting
and searching the customer base..
Answer: False
◍ If you choose EFT as a payment type when creating a supplier, what must
you also add?.
, Answer: A bank account
◍ Which of the following describes a Custom Worktag?A) Delivered by
Workday to track financial transactions and group people. For example,
company or cost center.B) Delivered by Workday to track financial
transactions. For example, supplier or customer.C) Created by customers to
track financial transactions. For example, course number or market
segment.D) Created by customers to track financial transactions and group
workers. For example, training center or sales channel..
Answer: C) Created by customers to track financial transactions. For
example, course number or market segment
◍ Which of the following is not part of Maintaining Company Accounting
Details?A) Assign Company CurrencyB) Assign Company Account SetC)
Assign Account Posting Rule SetsD) Open Ledger Year and Ledger Periods.
Answer: D) Open Ledger Year and Ledger Periods
◍ Which statement is true about books and book codes?A) The "Blank" book
code is Workday ownedB) Book codes are Workday ownedC) Books are
Workday owned.
Answer: The "Blank" book code is Workday owned
◍ True or False: A supplier invoice adjustment creates a new, separate
transaction and journal..
Answer: True
◍ True or False: There are two types of journals: Accounting journals and
Operational journals..
Answer: True
◍ True or False: When creating a new standalone company, this company will
use all organization-specific definitions..
Answer: True
◍ T/F: Cost centers are required on balance sheet accounts.
Answer: False: balance sheet includes assets, liability, and equity accounts
