Workday Fin Cert MC Exam 2023 with complete solution
Which of the following describes a domain (select all)
A. Setup Data
B. Power Users
C. Static Data
D. Highly Configurable
Setup Data, Power Users, static data
A ____________ is a set of tasks that is initiated, acted upon, and completed by
users in Workday.
A. Business Process
B. Functional Area
C. Supplier Invoice
Business Process
What are the three guidelines for custom organizations vs. custom worktags?
A. Security, hierarchy, and workers.
B. Security, hierarchy, and business process.
C. Security, hierarchy, and accounting.
Security, hierarchy, and workers
Which organization type represents a legal entity?
A. Company Hierarchy
B. Company
C. Cost Center
D. Custom Worktag
Company
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.
Created by customers to track financial transactions. For example, course number or
market segment.
Which field in Maintain Assignable roles tells us whose picture will display on the
Org Chart?
A. Restricted to Single Assignment
B. Assigned by Security Groups
C. Leader/In Supporting
D. Business process security policy
Leader/In Supporting
, What report tells you who can do what?
A. Segregation of Duties - Potential Conflicts
B. Action Summary for Security Group
C. View Security for Securable Item
D. Business Process Security Policies for Functional Area
View Security for a Securable item
What is the first step in every business process event?
A. Start.
B. Begin.
C. Initiate.
D. Commence.
Initiate
True or False: When creating a new standalone company, this company will use
all organization-specific definitions.
True
Composite and matrix reports are both examples of what?
A. Workday Standard Reports
B. Custom Report Types
C. Data Sources
D. Shared Reports
Custom Report Types
The first and most important step in developing a custom report is choosing a:
A. Data Source
B. Business Object
C. Class Report Field
D. Related Business Object
Data Source
Which of the following is not a part of maintaining Company Accounting Details?'
A. Assign Company Currency
B. Assign Company Account Set
C. Assign Account Posting Rule Sets
D. Open Ledger Year and Ledger Periods
Open Ledger year and periods
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. Maintain Ledger Period
D. Create Ledger Year and Periods
Edit Company Accounting Details
Which item needs to be updated to ease data entry in an EIB?
A. Organization Code
B. Reference ID
Which of the following describes a domain (select all)
A. Setup Data
B. Power Users
C. Static Data
D. Highly Configurable
Setup Data, Power Users, static data
A ____________ is a set of tasks that is initiated, acted upon, and completed by
users in Workday.
A. Business Process
B. Functional Area
C. Supplier Invoice
Business Process
What are the three guidelines for custom organizations vs. custom worktags?
A. Security, hierarchy, and workers.
B. Security, hierarchy, and business process.
C. Security, hierarchy, and accounting.
Security, hierarchy, and workers
Which organization type represents a legal entity?
A. Company Hierarchy
B. Company
C. Cost Center
D. Custom Worktag
Company
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.
Created by customers to track financial transactions. For example, course number or
market segment.
Which field in Maintain Assignable roles tells us whose picture will display on the
Org Chart?
A. Restricted to Single Assignment
B. Assigned by Security Groups
C. Leader/In Supporting
D. Business process security policy
Leader/In Supporting
, What report tells you who can do what?
A. Segregation of Duties - Potential Conflicts
B. Action Summary for Security Group
C. View Security for Securable Item
D. Business Process Security Policies for Functional Area
View Security for a Securable item
What is the first step in every business process event?
A. Start.
B. Begin.
C. Initiate.
D. Commence.
Initiate
True or False: When creating a new standalone company, this company will use
all organization-specific definitions.
True
Composite and matrix reports are both examples of what?
A. Workday Standard Reports
B. Custom Report Types
C. Data Sources
D. Shared Reports
Custom Report Types
The first and most important step in developing a custom report is choosing a:
A. Data Source
B. Business Object
C. Class Report Field
D. Related Business Object
Data Source
Which of the following is not a part of maintaining Company Accounting Details?'
A. Assign Company Currency
B. Assign Company Account Set
C. Assign Account Posting Rule Sets
D. Open Ledger Year and Ledger Periods
Open Ledger year and periods
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. Maintain Ledger Period
D. Create Ledger Year and Periods
Edit Company Accounting Details
Which item needs to be updated to ease data entry in an EIB?
A. Organization Code
B. Reference ID
