Workday Financials
Industry term: general ledger - ANSWER...-WD term: financial accounting
Industry term: budgeting - ANSWER...-WD term: business plans (will soon be called
budgets)
Industry term: billing - ANSWER...-WD term: revenue managmenet
Industry term: A/R - ANSWER...-WD term: customer accounts
Industry term: A/P - ANSWER...-WD term: supplier accounts
Industry term: Asset management - ANSWER...-business asset accounting/business
asset tracking
3 types of organizations - ANSWER...-1. company
2. cost center
3. region
3 uses for a hierarchy - ANSWER...-1. used for grouping
2. used for security
3. used for reporting
"maintain" will show you: - ANSWER...-an editable grid
"find" will show you - ANSWER...-a list of values
"view" will show you - ANSWER...-one value
What level in a hierarchy can reporting occur at? - ANSWER...-any level
What level in a hierarchy can transactions occur? - ANSWER...-bottom level
What is a reference ID used for? - ANSWER...-ANY integration system
Is a reference ID visable to the end user? - ANSWER...-NO
who uses iloads? - ANSWER...-consultants
Who uses EIBs? - ANSWER...-customers
, What is the purpose of a reorganization? - ANSWER...-It allows you to track everything
you did associated with a specific reorganization
The reference ID should be the same ID you used for what? - ANSWER...-Org code
How do you edit a company tax ID? - ANSWER...-View the company, actions -->
company --> edit tax ID
(you can use the first field if you only have 1, but use the table if you have more than 1)
When creating a company, do you combine the name & code? Why? - ANSWER...-No,
because we don't do transactions at this level of the hierarchy
How do you create a subordinate under a hierarchy? - ANSWER...-View the hierarchy
(ex: GMS NA), actions--> reorganization-->create subordinate-->company (choose
company because it's a hierarchy of companies!)
What is the important step AFTER creating a cost center? - ANSWER...-Assign the cost
center to the hierarchy
Can a cost center be assigned to multiple hierarchies? - ANSWER...-yes
How many custom organizations do you get? - ANSWER...-10 -- once you use them,
they're gone!
What is the typical way of creating a custom organization? - ANSWER...-typically,
create the children, then the parent, then tie them together
What is a worktag? - ANSWER...-A tag that goes on a transaction so it can be reported
on later
What is the relationship between worktags and organizations? - ANSWER...-every
organization is a worktag, but not every worktag is an organization
what is a derived worktag? - ANSWER...-it comes from the worker, self service
transactions
what is a related worktag? - ANSWER...-worktags that have other worktags that relate
to them
EX: every time I use cost center 111, it also pulls in worktag 222
what is a built in worktag? - ANSWER...-one that is inherently in the transaction
what is a basic worktag? - ANSWER...-ex: customer
Industry term: general ledger - ANSWER...-WD term: financial accounting
Industry term: budgeting - ANSWER...-WD term: business plans (will soon be called
budgets)
Industry term: billing - ANSWER...-WD term: revenue managmenet
Industry term: A/R - ANSWER...-WD term: customer accounts
Industry term: A/P - ANSWER...-WD term: supplier accounts
Industry term: Asset management - ANSWER...-business asset accounting/business
asset tracking
3 types of organizations - ANSWER...-1. company
2. cost center
3. region
3 uses for a hierarchy - ANSWER...-1. used for grouping
2. used for security
3. used for reporting
"maintain" will show you: - ANSWER...-an editable grid
"find" will show you - ANSWER...-a list of values
"view" will show you - ANSWER...-one value
What level in a hierarchy can reporting occur at? - ANSWER...-any level
What level in a hierarchy can transactions occur? - ANSWER...-bottom level
What is a reference ID used for? - ANSWER...-ANY integration system
Is a reference ID visable to the end user? - ANSWER...-NO
who uses iloads? - ANSWER...-consultants
Who uses EIBs? - ANSWER...-customers
, What is the purpose of a reorganization? - ANSWER...-It allows you to track everything
you did associated with a specific reorganization
The reference ID should be the same ID you used for what? - ANSWER...-Org code
How do you edit a company tax ID? - ANSWER...-View the company, actions -->
company --> edit tax ID
(you can use the first field if you only have 1, but use the table if you have more than 1)
When creating a company, do you combine the name & code? Why? - ANSWER...-No,
because we don't do transactions at this level of the hierarchy
How do you create a subordinate under a hierarchy? - ANSWER...-View the hierarchy
(ex: GMS NA), actions--> reorganization-->create subordinate-->company (choose
company because it's a hierarchy of companies!)
What is the important step AFTER creating a cost center? - ANSWER...-Assign the cost
center to the hierarchy
Can a cost center be assigned to multiple hierarchies? - ANSWER...-yes
How many custom organizations do you get? - ANSWER...-10 -- once you use them,
they're gone!
What is the typical way of creating a custom organization? - ANSWER...-typically,
create the children, then the parent, then tie them together
What is a worktag? - ANSWER...-A tag that goes on a transaction so it can be reported
on later
What is the relationship between worktags and organizations? - ANSWER...-every
organization is a worktag, but not every worktag is an organization
what is a derived worktag? - ANSWER...-it comes from the worker, self service
transactions
what is a related worktag? - ANSWER...-worktags that have other worktags that relate
to them
EX: every time I use cost center 111, it also pulls in worktag 222
what is a built in worktag? - ANSWER...-one that is inherently in the transaction
what is a basic worktag? - ANSWER...-ex: customer
