Workday Fin Cert MC Latest Update 2025-2026
70 Questions and 100% Verified Correct Answers
Guaranteed A+
1. What is the primary driver of the FDM structure?
A. Redesigning the Chart of Accounts
B. Financial Reporting
C. Worktag Definition - CORRECT ANSWER: B. Financial Reporting
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: Business Process
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 - CORRECT ANSWER: Edit Company Accounting
Details
Composite and matrix reports are both examples of what?
A. Workday Standard Reports
B. Custom Report Types
, C. Data Sources
D. Shared Reports - CORRECT ANSWER: Custom Report Types
Customer deposits can be made by which of the following methods?
A. Record the deposit of the customer payment at the same time as you record the
payment.
B. Customer deposits are made as separate task after the customer payment is
recorded.
C. Both methods are correct - CORRECT ANSWER: Both methods are correct.
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. Submitted
B. Created
C. In Progress
D. Approved - CORRECT ANSWER: B. Created
How many custom organization types can you use in Workday Financials? - CORRECT
ANSWER: 10
How many spend categories can you have per invoice line? - CORRECT ANSWER:
Only 1
If you choose EFT as a payment type when creating a supplier, what must you also
add? - CORRECT ANSWER: A bank account
In finance, at what level should all transactions balance? - CORRECT ANSWER:
Company level
70 Questions and 100% Verified Correct Answers
Guaranteed A+
1. What is the primary driver of the FDM structure?
A. Redesigning the Chart of Accounts
B. Financial Reporting
C. Worktag Definition - CORRECT ANSWER: B. Financial Reporting
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: Business Process
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 - CORRECT ANSWER: Edit Company Accounting
Details
Composite and matrix reports are both examples of what?
A. Workday Standard Reports
B. Custom Report Types
, C. Data Sources
D. Shared Reports - CORRECT ANSWER: Custom Report Types
Customer deposits can be made by which of the following methods?
A. Record the deposit of the customer payment at the same time as you record the
payment.
B. Customer deposits are made as separate task after the customer payment is
recorded.
C. Both methods are correct - CORRECT ANSWER: Both methods are correct.
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. Submitted
B. Created
C. In Progress
D. Approved - CORRECT ANSWER: B. Created
How many custom organization types can you use in Workday Financials? - CORRECT
ANSWER: 10
How many spend categories can you have per invoice line? - CORRECT ANSWER:
Only 1
If you choose EFT as a payment type when creating a supplier, what must you also
add? - CORRECT ANSWER: A bank account
In finance, at what level should all transactions balance? - CORRECT ANSWER:
Company level
