Workday Fin Applied UPDATED ACTUAL
Exam Questions and CORRECT Answers
this type of business process step allows users to edit some fields on the notification -
CORRECT ANSWER - Action
Which area do we not share custom worktags with? - CORRECT ANSWER - Expense
Can you add a new Bp to a Functional area? - CORRECT ANSWER - No
What is not a characteristic of workdays settlement engine? - CORRECT ANSWER - It is
not tied to a BP
A journal is in cancelled stasis, what is the only thing you can do to it? - CORRECT
ANSWER - Copy
T/f EIB needs to be downloaded in order for you to use - CORRECT ANSWER - False
What "visibility" is not an option in workday when creating a company? - CORRECT
ANSWER - Admin only
Where can you run reports in WD? - CORRECT ANSWER - home page or from favorites
user can override their preferred landing page in their? - CORRECT ANSWER - Change
Preferences task
What is a functional Area? - CORRECT 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? - CORRECT 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 - CORRECT
ANSWER - Undeposited Payments, Discounts Given, Receivables, Retained Earnings
What are Security group types? - CORRECT ANSWER - Workday-delivered and describe
how security is assigned to users
What is a BP definition? - CORRECT 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.
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 - CORRECT ANSWER - Assigned to the user
What can a custom worktag not do? - CORRECT 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? - CORRECT ANSWER -
PBO, Starting Data set
What is the characteristic of a domain? - CORRECT ANSWER - Workflow
What is the Implementation sequence? - CORRECT ANSWER - Organization
, Accounting Information
Worktags
Business Processes
Security
Banking
Asset Tracking
What are role based security groups? - CORRECT ANSWER - these are commonly used
to identify users in key support or leadership roles supporting different organizations
What is FDM - CORRECT 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 - CORRECT ANSWER - Create EIB, Generate
Spreadsheet, Populate Spreadsheet with data, Launch
Composite and matrix reports are both examples of what type of report? - CORRECT
ANSWER - Custom reports
Unassigned tasks are routed to which security role to properly assign the task - CORRECT
ANSWER - business Process Administrator
The first and most important step in developing a custom report is choosing a - CORRECT
ANSWER - report data source
What is the default balancing segment in Workday Financials?
a Cost Center
b Pay Group
c Company
d Supervisory Organization - CORRECT ANSWER - Company
Exam Questions and CORRECT Answers
this type of business process step allows users to edit some fields on the notification -
CORRECT ANSWER - Action
Which area do we not share custom worktags with? - CORRECT ANSWER - Expense
Can you add a new Bp to a Functional area? - CORRECT ANSWER - No
What is not a characteristic of workdays settlement engine? - CORRECT ANSWER - It is
not tied to a BP
A journal is in cancelled stasis, what is the only thing you can do to it? - CORRECT
ANSWER - Copy
T/f EIB needs to be downloaded in order for you to use - CORRECT ANSWER - False
What "visibility" is not an option in workday when creating a company? - CORRECT
ANSWER - Admin only
Where can you run reports in WD? - CORRECT ANSWER - home page or from favorites
user can override their preferred landing page in their? - CORRECT ANSWER - Change
Preferences task
What is a functional Area? - CORRECT 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? - CORRECT 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 - CORRECT
ANSWER - Undeposited Payments, Discounts Given, Receivables, Retained Earnings
What are Security group types? - CORRECT ANSWER - Workday-delivered and describe
how security is assigned to users
What is a BP definition? - CORRECT 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.
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 - CORRECT ANSWER - Assigned to the user
What can a custom worktag not do? - CORRECT 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? - CORRECT ANSWER -
PBO, Starting Data set
What is the characteristic of a domain? - CORRECT ANSWER - Workflow
What is the Implementation sequence? - CORRECT ANSWER - Organization
, Accounting Information
Worktags
Business Processes
Security
Banking
Asset Tracking
What are role based security groups? - CORRECT ANSWER - these are commonly used
to identify users in key support or leadership roles supporting different organizations
What is FDM - CORRECT 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 - CORRECT ANSWER - Create EIB, Generate
Spreadsheet, Populate Spreadsheet with data, Launch
Composite and matrix reports are both examples of what type of report? - CORRECT
ANSWER - Custom reports
Unassigned tasks are routed to which security role to properly assign the task - CORRECT
ANSWER - business Process Administrator
The first and most important step in developing a custom report is choosing a - CORRECT
ANSWER - report data source
What is the default balancing segment in Workday Financials?
a Cost Center
b Pay Group
c Company
d Supervisory Organization - CORRECT ANSWER - Company
