Workday - Financial Fundamentals UPDATED ACTUAL Questions and
CORRECT Answers
A kind of workflow delivered by Workday, like Hire, Termi-
Business Process Type
nate, or Expense Report Event
A configuration of a business process type, like Hire for
Business Process Definition
Global Support
An occurrence of a business process definition, like Hire:
Business Process Event
Logan McNeil
A task, subprocess, or other action that a user or Workday
Step itself must complete during an event, like Propose Com-
pensation
Initiator The user that starts the business process event
The subject of a business process event, like new hires,
Target
supplier invoices, and expense reports
Defines who can start the business process. It is always the
Initiation
first step in a business process and you cannot remove.
Either prompts users to review the process or initiates a
Action
subprocess.
Allows the user to approve, send back, or deny the entire
business process, depending on the business process
Approval
configuration. Approval step recipients cannot edit any
information.
Word Definition
The foundation of Workday Financial Management is the
Company organization. This type of organization defines
a way to group workers and financial transactions. You
Organizations
can use organizations to: • Aggregate data for reports. •
Assign workers to their management and support teams.
• Run business processes
, A unique, event-driven accounting approach with a
Financial Accounting built-in, internal control framework, and a robust multi-
company, multicurrency model
The automation of the accounting resulting from business
Financial Events
operations
Domains are collections of items that share the same se-
curity. These items can include tasks, delivered reports,
Domains report data sources, and web service operations. Domain-
sa are a predefined set of related, securable items (e.g.,
reports, tasks, instance sets, report fields, data sources).
A business process consists of process definitions and
process events or instances created when you put these
processes into motion. The business process definition
Business Processes
defines the steps, tasks, actions, or sub processes that
security groups need to execute and when for the process
to complete
A security group is a collection of system users used to
Security Group
grant access to Workday
Reporting User-defined, real-time query that provides insight
A tenant is a unique instance of the Workday system with
Tenant data separated in a database that is securely segregated
through password-controlled access
Workday stores data as business objects (e.g., organiza-
Business Objects
tions, suppliers, ledger accounts),
Sitemap Includes detailed menu-based navigation
Functional Areas
, The Workday application contains several functional areas.
Some examples of functional areas are: Staflng, Benefits,
Core Compensation, Financial Accounting, and Procure-
ment. Each functional area contains domains and busi-
ness process types. Workday delivers functional areas. You
cannot change them. Depending on the scope of your
Workday deployment, you may not have access to some
functional areas. Use the Maintain Functional Areas task
to enable or disable functional areas. The Functional Ar-
eas report will display all functional areas and included
domains and business processes.
Workday provides a configurable security framework,
which allows you to control view and modify access to
the Workday application via security groups and securi-
ty policy updates. Configurable security acts as a bridge
Configurable Security between Workday-owned metadata and customer-owned
tenanted access to functionality. By configuring domain
or business process security policies with needed security
groups, you can configure the bridge between the Work-
day "what" and customers' "who.
Role-based security groups commonly identify users in
Role-based security groups key support or leadership roles supporting different or-
ganizations
User-based security groups provide administrators sys-
User-based security groups
tem-wide access to data in permitted security policies
Constrained role-based security groups identify and con-
Constrained strain your support staff to target instances in an organi-
zation that they support or lead
Unconstrained
Company
CORRECT Answers
A kind of workflow delivered by Workday, like Hire, Termi-
Business Process Type
nate, or Expense Report Event
A configuration of a business process type, like Hire for
Business Process Definition
Global Support
An occurrence of a business process definition, like Hire:
Business Process Event
Logan McNeil
A task, subprocess, or other action that a user or Workday
Step itself must complete during an event, like Propose Com-
pensation
Initiator The user that starts the business process event
The subject of a business process event, like new hires,
Target
supplier invoices, and expense reports
Defines who can start the business process. It is always the
Initiation
first step in a business process and you cannot remove.
Either prompts users to review the process or initiates a
Action
subprocess.
Allows the user to approve, send back, or deny the entire
business process, depending on the business process
Approval
configuration. Approval step recipients cannot edit any
information.
Word Definition
The foundation of Workday Financial Management is the
Company organization. This type of organization defines
a way to group workers and financial transactions. You
Organizations
can use organizations to: • Aggregate data for reports. •
Assign workers to their management and support teams.
• Run business processes
, A unique, event-driven accounting approach with a
Financial Accounting built-in, internal control framework, and a robust multi-
company, multicurrency model
The automation of the accounting resulting from business
Financial Events
operations
Domains are collections of items that share the same se-
curity. These items can include tasks, delivered reports,
Domains report data sources, and web service operations. Domain-
sa are a predefined set of related, securable items (e.g.,
reports, tasks, instance sets, report fields, data sources).
A business process consists of process definitions and
process events or instances created when you put these
processes into motion. The business process definition
Business Processes
defines the steps, tasks, actions, or sub processes that
security groups need to execute and when for the process
to complete
A security group is a collection of system users used to
Security Group
grant access to Workday
Reporting User-defined, real-time query that provides insight
A tenant is a unique instance of the Workday system with
Tenant data separated in a database that is securely segregated
through password-controlled access
Workday stores data as business objects (e.g., organiza-
Business Objects
tions, suppliers, ledger accounts),
Sitemap Includes detailed menu-based navigation
Functional Areas
, The Workday application contains several functional areas.
Some examples of functional areas are: Staflng, Benefits,
Core Compensation, Financial Accounting, and Procure-
ment. Each functional area contains domains and busi-
ness process types. Workday delivers functional areas. You
cannot change them. Depending on the scope of your
Workday deployment, you may not have access to some
functional areas. Use the Maintain Functional Areas task
to enable or disable functional areas. The Functional Ar-
eas report will display all functional areas and included
domains and business processes.
Workday provides a configurable security framework,
which allows you to control view and modify access to
the Workday application via security groups and securi-
ty policy updates. Configurable security acts as a bridge
Configurable Security between Workday-owned metadata and customer-owned
tenanted access to functionality. By configuring domain
or business process security policies with needed security
groups, you can configure the bridge between the Work-
day "what" and customers' "who.
Role-based security groups commonly identify users in
Role-based security groups key support or leadership roles supporting different or-
ganizations
User-based security groups provide administrators sys-
User-based security groups
tem-wide access to data in permitted security policies
Constrained role-based security groups identify and con-
Constrained strain your support staff to target instances in an organi-
zation that they support or lead
Unconstrained
Company
