Workday Fin Applied Latest Update 2025-2026
170 Questions and 100% Verified Correct
Answers Guaranteed A+
A ______ is a set of Tasks that are initiated, acted upon, and completed by users in
Workday - CORRECT ANSWER: Business Process
A ___________ must be setup to ensure a worktag is entered on every customer
invoice when a specific revenue category used - CORRECT ANSWER: Custom
Validation
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 - CORRECT ANSWER: A
A first and most important step in developing a custom report - CORRECT ANSWER:
Choosing a Report Data Source
A journal is in a cancelled status, what is the only thing you can do to it?
a Edit
b Copy
c Delete
d Deny - CORRECT ANSWER: B
A journal is in cancelled stasis, what is the only thing you can do to it? - CORRECT
ANSWER: Copy
,A journal is in cancelled status, what is the only thing you can do to it? - CORRECT
ANSWER: Copy
Accounting Journals will call posting rules for all of the following except
a Intercompany
b Currency Gain and Loss
c Spend
d Retained Earnings - CORRECT ANSWER: Spend
After you close a ledger year, it is no longer available for processing but available for
reporting - CORRECT ANSWER: true
Are there bank routing rules for a Petty Cash Account?
a Yes
b No - CORRECT ANSWER: No
Are there bank routing rules for petty cash account? - CORRECT ANSWER: No
Are there different security groups for reports? - CORRECT ANSWER: Yes. Report
Writer (Owner) and Report Administrator
As soon as you create the customer refund and the business process is completed WD
creates a journal for it - CORRECT ANSWER: False
Assigning due dates to a task step does this if the task becomes past due - CORRECT
ANSWER: Nothing
, Before you can begin creating and posting financial transactions you need to set up
financial accounting details for each company. Put the following tasks in order for
completing the financial accounting setup.
1___ Create Ledger
2___ Edit Company Accounting Details
3___ Maintain Ledger Period
4___ Create Ledger Year and Periods - CORRECT ANSWER: 2 1 4 3
Both Supplier category and supplier groups can be used as dimensions in the account
posting rules to drive account postings - CORRECT ANSWER: True but not
recommended as they are not required and each supplier can have multiple supplier
groups
Can a Worktag be used as an Organization? - CORRECT ANSWER: No Worktags have
no dependents or parents
Can an organization be used as a Worktag? - CORRECT ANSWER: Yes
Can you add a domain to a functional area? - CORRECT ANSWER: No
Can you add a new Bp to a Functional area? - CORRECT ANSWER: No
Can you add new BP to a functional area? - CORRECT ANSWER: No
Can you create transactions on a company hierarchy?
a Yes
b No
c if you configure the system to do it, you can
d I don't know - CORRECT ANSWER: No
170 Questions and 100% Verified Correct
Answers Guaranteed A+
A ______ is a set of Tasks that are initiated, acted upon, and completed by users in
Workday - CORRECT ANSWER: Business Process
A ___________ must be setup to ensure a worktag is entered on every customer
invoice when a specific revenue category used - CORRECT ANSWER: Custom
Validation
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 - CORRECT ANSWER: A
A first and most important step in developing a custom report - CORRECT ANSWER:
Choosing a Report Data Source
A journal is in a cancelled status, what is the only thing you can do to it?
a Edit
b Copy
c Delete
d Deny - CORRECT ANSWER: B
A journal is in cancelled stasis, what is the only thing you can do to it? - CORRECT
ANSWER: Copy
,A journal is in cancelled status, what is the only thing you can do to it? - CORRECT
ANSWER: Copy
Accounting Journals will call posting rules for all of the following except
a Intercompany
b Currency Gain and Loss
c Spend
d Retained Earnings - CORRECT ANSWER: Spend
After you close a ledger year, it is no longer available for processing but available for
reporting - CORRECT ANSWER: true
Are there bank routing rules for a Petty Cash Account?
a Yes
b No - CORRECT ANSWER: No
Are there bank routing rules for petty cash account? - CORRECT ANSWER: No
Are there different security groups for reports? - CORRECT ANSWER: Yes. Report
Writer (Owner) and Report Administrator
As soon as you create the customer refund and the business process is completed WD
creates a journal for it - CORRECT ANSWER: False
Assigning due dates to a task step does this if the task becomes past due - CORRECT
ANSWER: Nothing
, Before you can begin creating and posting financial transactions you need to set up
financial accounting details for each company. Put the following tasks in order for
completing the financial accounting setup.
1___ Create Ledger
2___ Edit Company Accounting Details
3___ Maintain Ledger Period
4___ Create Ledger Year and Periods - CORRECT ANSWER: 2 1 4 3
Both Supplier category and supplier groups can be used as dimensions in the account
posting rules to drive account postings - CORRECT ANSWER: True but not
recommended as they are not required and each supplier can have multiple supplier
groups
Can a Worktag be used as an Organization? - CORRECT ANSWER: No Worktags have
no dependents or parents
Can an organization be used as a Worktag? - CORRECT ANSWER: Yes
Can you add a domain to a functional area? - CORRECT ANSWER: No
Can you add a new Bp to a Functional area? - CORRECT ANSWER: No
Can you add new BP to a functional area? - CORRECT ANSWER: No
Can you create transactions on a company hierarchy?
a Yes
b No
c if you configure the system to do it, you can
d I don't know - CORRECT ANSWER: No
