1
Workday Fin Applied Questions with Answers (100%
Correct Answers)
this type of business process step allows users to edit some fields on
the notification Answer: Action
Which area do we not share custom worktags with? Answer: Expense
Can you add a new Bp to a Functional area? Answer: No
What is not a characteristic of workdays settlement engine? Answer: It
is not tied to a BP
A journal is in cancelled stasis, what is the only thing you can do to it?
Answer: Copy
T/f EIB needs to be downloaded in order for you to use Answer: False
What "visibility" is not an option in workday when creating a company?
Answer: Admin only
Where can you run reports in WD? Answer: home page or from
favorites
© 2025 All rights reserved
,2
user can override their preferred landing page in their? Answer: Change
Preferences task
What is a functional Area? Answer: a grouping of task, reports, and
objects; a collection of related securable items, where each functional
area is further divided into domains and business process.
What is a Business Process? Answer: is the definition of tasks that need
to be done for an event to occur, the order in which they must be
completed, and who must do them.
These are the account posting rules, when a customer pmt will use if
they took a 2% discount, paid nothing more then they owed, and the
deposit was not created with the pmt Answer: Undeposited Payments,
Discounts Given, Receivables, Retained Earnings
What are Security group types? Answer: Workday-delivered and
describe how security is assigned to users
What is a BP definition? Answer: specifies the security group
responsible for each step in the process, notifies the workers in these
groups and gets feedback on when each step is complete so it can
move on to the next step.
© 2025 All rights reserved
,3
What is not a characteristic of Role Based Security Group?
a Assigned to the User
b Assigned to the Position
c End User
d Dynamic Based on Position Answer: Assigned to the user
What can a custom worktag not do? Answer: assign workers, hierarchy,
no security - you need to create a custom org instead
What is determined by selecting the data source for a report? Answer:
PBO, Starting Data set
What is the characteristic of a domain? Answer: Workflow
What is the Implementation sequence? Answer: Organization
Accounting Information
Worktags
Business Processes
Security
© 2025 All rights reserved
, 4
Banking
Asset Tracking
What are role based security groups? Answer: these are commonly
used to identify users in key support or leadership roles supporting
different organizations
What is FDM Answer: Foundation Data Model. The FDM is the
multidimensional structure of Workday accounting and financial
reporting.
Fill in the four steps for creating an EIB Answer: Create EIB, Generate
Spreadsheet, Populate Spreadsheet with data, Launch
Composite and matrix reports are both examples of what type of
report? Answer: Custom reports
Unassigned tasks are routed to which security role to properly assign
the task Answer: business Process Administrator
The first and most important step in developing a custom report is
choosing a Answer: report data source
What is the default balancing segment in Workday Financials?
© 2025 All rights reserved
Workday Fin Applied Questions with Answers (100%
Correct Answers)
this type of business process step allows users to edit some fields on
the notification Answer: Action
Which area do we not share custom worktags with? Answer: Expense
Can you add a new Bp to a Functional area? Answer: No
What is not a characteristic of workdays settlement engine? Answer: It
is not tied to a BP
A journal is in cancelled stasis, what is the only thing you can do to it?
Answer: Copy
T/f EIB needs to be downloaded in order for you to use Answer: False
What "visibility" is not an option in workday when creating a company?
Answer: Admin only
Where can you run reports in WD? Answer: home page or from
favorites
© 2025 All rights reserved
,2
user can override their preferred landing page in their? Answer: Change
Preferences task
What is a functional Area? Answer: a grouping of task, reports, and
objects; a collection of related securable items, where each functional
area is further divided into domains and business process.
What is a Business Process? Answer: is the definition of tasks that need
to be done for an event to occur, the order in which they must be
completed, and who must do them.
These are the account posting rules, when a customer pmt will use if
they took a 2% discount, paid nothing more then they owed, and the
deposit was not created with the pmt Answer: Undeposited Payments,
Discounts Given, Receivables, Retained Earnings
What are Security group types? Answer: Workday-delivered and
describe how security is assigned to users
What is a BP definition? Answer: specifies the security group
responsible for each step in the process, notifies the workers in these
groups and gets feedback on when each step is complete so it can
move on to the next step.
© 2025 All rights reserved
,3
What is not a characteristic of Role Based Security Group?
a Assigned to the User
b Assigned to the Position
c End User
d Dynamic Based on Position Answer: Assigned to the user
What can a custom worktag not do? Answer: assign workers, hierarchy,
no security - you need to create a custom org instead
What is determined by selecting the data source for a report? Answer:
PBO, Starting Data set
What is the characteristic of a domain? Answer: Workflow
What is the Implementation sequence? Answer: Organization
Accounting Information
Worktags
Business Processes
Security
© 2025 All rights reserved
, 4
Banking
Asset Tracking
What are role based security groups? Answer: these are commonly
used to identify users in key support or leadership roles supporting
different organizations
What is FDM Answer: Foundation Data Model. The FDM is the
multidimensional structure of Workday accounting and financial
reporting.
Fill in the four steps for creating an EIB Answer: Create EIB, Generate
Spreadsheet, Populate Spreadsheet with data, Launch
Composite and matrix reports are both examples of what type of
report? Answer: Custom reports
Unassigned tasks are routed to which security role to properly assign
the task Answer: business Process Administrator
The first and most important step in developing a custom report is
choosing a Answer: report data source
What is the default balancing segment in Workday Financials?
© 2025 All rights reserved
