Workday Financials Exam 100%
Correct!!
Industry term: general ledger - ANSWERWD term: financial accounting
Industry term: budgeting - ANSWERWD term: business plans (will soon be called budgets)
Industry term: billing - ANSWERWD term: revenue managmenet
Industry term: A/R - ANSWERWD term: customer accounts
Industry term: A/P - ANSWERWD term: supplier accounts
Industry term: Asset management - ANSWERbusiness asset accounting/business asset tracking
3 types of organizations - ANSWER1. company
2. cost center
3. region
3 uses for a hierarchy - ANSWER1. used for grouping
2. used for security
3. used for reporting
"maintain" will show you: - ANSWERan editable grid
"find" will show you - ANSWERa list of values
"view" will show you - ANSWERone value
What level in a hierarchy can reporting occur at? - ANSWERany level
What level in a hierarchy can transactions occur? - ANSWERbottom level
What is a reference ID used for? - ANSWERANY integration system
Is a reference ID visable to the end user? - ANSWERNO
who uses iloads? - ANSWERconsultants
Who uses EIBs? - ANSWERcustomers
What is the purpose of a reorganization? - ANSWERIt allows you to track everything you did
associated with a specific reorganization
The reference ID should be the same ID you used for what? - ANSWEROrg code
How do you edit a company tax ID? - ANSWERView 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? - ANSWERNo, because we don't
do transactions at this level of the hierarchy
How do you create a subordinate under a hierarchy? - ANSWERView 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? - ANSWERAssign the cost center to the
hierarchy
Can a cost center be assigned to multiple hierarchies? - ANSWERyes
How many custom organizations do you get? - ANSWER10 -- once you use them, they're gone!
What is the typical way of creating a custom organization? - ANSWERtypically, create the children,
then the parent, then tie them together
What is a worktag? - ANSWERA tag that goes on a transaction so it can be reported on later
What is the relationship between worktags and organizations? - ANSWERevery organization is a
worktag, but not every worktag is an organization
what is a derived worktag? - ANSWERit comes from the worker, self service transactions
what is a related worktag? - ANSWERworktags 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? - ANSWERone that is inherently in the transaction
what is a basic worktag? - ANSWERex: customer
it's a worktag where you don't need/have a lot of information about it (ex: the customer)-- maybe all
you need is the name
When can I make changes to invoices? - ANSWERup until they've been paid (if you view the
transaction, look at the payment status, and if it says "unpaid", changes can be made.)
What are the 5 types of worktags? - ANSWER1. organizations
2. derived
3. related
4. basic
5. built-in
who should be able to access the cancel/change capability? - ANSWERall users
Correct!!
Industry term: general ledger - ANSWERWD term: financial accounting
Industry term: budgeting - ANSWERWD term: business plans (will soon be called budgets)
Industry term: billing - ANSWERWD term: revenue managmenet
Industry term: A/R - ANSWERWD term: customer accounts
Industry term: A/P - ANSWERWD term: supplier accounts
Industry term: Asset management - ANSWERbusiness asset accounting/business asset tracking
3 types of organizations - ANSWER1. company
2. cost center
3. region
3 uses for a hierarchy - ANSWER1. used for grouping
2. used for security
3. used for reporting
"maintain" will show you: - ANSWERan editable grid
"find" will show you - ANSWERa list of values
"view" will show you - ANSWERone value
What level in a hierarchy can reporting occur at? - ANSWERany level
What level in a hierarchy can transactions occur? - ANSWERbottom level
What is a reference ID used for? - ANSWERANY integration system
Is a reference ID visable to the end user? - ANSWERNO
who uses iloads? - ANSWERconsultants
Who uses EIBs? - ANSWERcustomers
What is the purpose of a reorganization? - ANSWERIt allows you to track everything you did
associated with a specific reorganization
The reference ID should be the same ID you used for what? - ANSWEROrg code
How do you edit a company tax ID? - ANSWERView 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? - ANSWERNo, because we don't
do transactions at this level of the hierarchy
How do you create a subordinate under a hierarchy? - ANSWERView 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? - ANSWERAssign the cost center to the
hierarchy
Can a cost center be assigned to multiple hierarchies? - ANSWERyes
How many custom organizations do you get? - ANSWER10 -- once you use them, they're gone!
What is the typical way of creating a custom organization? - ANSWERtypically, create the children,
then the parent, then tie them together
What is a worktag? - ANSWERA tag that goes on a transaction so it can be reported on later
What is the relationship between worktags and organizations? - ANSWERevery organization is a
worktag, but not every worktag is an organization
what is a derived worktag? - ANSWERit comes from the worker, self service transactions
what is a related worktag? - ANSWERworktags 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? - ANSWERone that is inherently in the transaction
what is a basic worktag? - ANSWERex: customer
it's a worktag where you don't need/have a lot of information about it (ex: the customer)-- maybe all
you need is the name
When can I make changes to invoices? - ANSWERup until they've been paid (if you view the
transaction, look at the payment status, and if it says "unpaid", changes can be made.)
What are the 5 types of worktags? - ANSWER1. organizations
2. derived
3. related
4. basic
5. built-in
who should be able to access the cancel/change capability? - ANSWERall users
