Workday Financials UPDATED ACTUAL Questions and CORRECT Answers
Industry term: general ledger WD term: financial accounting
Industry term: budgeting WD term: business plans (will soon be called budgets)
Industry term: billing WD term: revenue managmenet
Industry term: A/R WD term: customer accounts
Industry term: A/P WD term: supplier accounts
Industry term: Asset management business asset accounting/business asset tracking
1. company
3 types of organizations 2. cost center
3. region
1. used for grouping
3 uses for a hierarchy 2. used for security
3. used for reporting
"maintain" will show you: an editable grid
"find" will show you a list of values
"view" will show you one value
What level in a hierarchy can reporting occur at? any level
What level in a hierarchy can transactions occur? bottom level
What is a reference ID used for? ANY integration system
Is a reference ID visable to the end user? NO
who uses iloads? consultants
Who uses EIBs? customers
It allows you to track everything you did associated with a
What is the purpose of a reorganization?
specific reorganization
The reference ID should be the same ID you used for
Org code
what?
How do you edit a company tax ID?
, 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 & No, because we don't do transactions at this level of the
code? Why? hierarchy
View the hierarchy (ex: GMS NA), actions--> reorganiza-
How do you create a subordinate under a hierarchy? tion-->create subordinate-->company (choose company
because it's a hierarchy of companies!)
What is the important step AFTER creating a cost center? Assign the cost center to the hierarchy
Can a cost center be assigned to multiple hierarchies? yes
How many custom organizations do you get? 10 -- once you use them, they're gone!
typically, create the children, then the parent, then tie them
What is the typical way of creating a custom organization?
together
A tag that goes on a transaction so it can be reported on
What is a worktag?
later
What is the relationship between worktags and organiza- every organization is a worktag, but not every worktag is
tions? an organization
worktags that have other worktags that relate to them
what is a related worktag?
EX: every time I use cost center 111, it also pulls in worktag
222
what is a built in worktag? one that is inherently in the transaction
ex: customer
what is a basic worktag? it's a worktag where you don't need/have a lot of informa-
tion about it (ex: the customer)-- maybe all you need is the
name
When can I make changes to invoices?
2/6
Industry term: general ledger WD term: financial accounting
Industry term: budgeting WD term: business plans (will soon be called budgets)
Industry term: billing WD term: revenue managmenet
Industry term: A/R WD term: customer accounts
Industry term: A/P WD term: supplier accounts
Industry term: Asset management business asset accounting/business asset tracking
1. company
3 types of organizations 2. cost center
3. region
1. used for grouping
3 uses for a hierarchy 2. used for security
3. used for reporting
"maintain" will show you: an editable grid
"find" will show you a list of values
"view" will show you one value
What level in a hierarchy can reporting occur at? any level
What level in a hierarchy can transactions occur? bottom level
What is a reference ID used for? ANY integration system
Is a reference ID visable to the end user? NO
who uses iloads? consultants
Who uses EIBs? customers
It allows you to track everything you did associated with a
What is the purpose of a reorganization?
specific reorganization
The reference ID should be the same ID you used for
Org code
what?
How do you edit a company tax ID?
, 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 & No, because we don't do transactions at this level of the
code? Why? hierarchy
View the hierarchy (ex: GMS NA), actions--> reorganiza-
How do you create a subordinate under a hierarchy? tion-->create subordinate-->company (choose company
because it's a hierarchy of companies!)
What is the important step AFTER creating a cost center? Assign the cost center to the hierarchy
Can a cost center be assigned to multiple hierarchies? yes
How many custom organizations do you get? 10 -- once you use them, they're gone!
typically, create the children, then the parent, then tie them
What is the typical way of creating a custom organization?
together
A tag that goes on a transaction so it can be reported on
What is a worktag?
later
What is the relationship between worktags and organiza- every organization is a worktag, but not every worktag is
tions? an organization
worktags that have other worktags that relate to them
what is a related worktag?
EX: every time I use cost center 111, it also pulls in worktag
222
what is a built in worktag? one that is inherently in the transaction
ex: customer
what is a basic worktag? it's a worktag where you don't need/have a lot of informa-
tion about it (ex: the customer)-- maybe all you need is the
name
When can I make changes to invoices?
2/6
