Record to Report Exam Preparation Material | Workday Record-to-Report

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Prepare for the Record to Report Workday Record-to-Report exam with CertQueen's independently developed study resources. Review important concepts, practice scenario-based questions, and use clear explanations to identify areas that require further study.

Question#1

You are a finance administrator and your company is setting up their financials. They want to track all intercompany payables in a new ledger account.
What approach should you take?

A. Set up a new condition rule for Accounting Journals and include the new ledger accounts to be used for intercompany payables and receivables.
B. Create the new ledger account and then use them accordingly when entering intercompany transactions.
C. Set up a new condition rule for Intercompany and include the new ledger accounts to be used for payables and receivables.
D. Create the new ledger account and then use it as default for the intercompany payables account posting rule.

Question#2

Once a user enters a financial transaction, what company accounting detail is locked from being changed?

A. Account Translation Rule Set
B. Company Currency
C. Account Posting Rule Set
D. Account Control Rule Set

Question#3

As the accountant of your organization, you notice there are operational journals posted with missing or incorrect worktags. The corresponding fiscal period is now closed.
How can you fix the accounting?

A. Ask the accounting manager to update the ledger period status to "adjustments only" and then create adjustments.
B. Create new adjustment journals in the next period as operational journals cannot be modified after posting
C. Run the Fix Operational Journals with Errors task in the current period to automatically address any errors.
D. Reopen the ledger period and unpost all journals that have missing or incorrect worktags to reenter them later.

Question#4

Refer to the following scenario to answer the question below.
A company is a global organization that needs to comply with multiple accounting standards. The company has configured their account posting rules so that certain supplier invoices will comply with U.S. GAAP rules but will not comply with IFRS.
What would we need to do to report according to U.S . GAAP standards?

A. Create an adjusting journal entry that includes a book code specific to
B. taxes.
C. Report using the common book, including the blank book code.
D. Create an adjusting journal entry that includes a book code specific to IFR
E. Create two adjusting journal entries that include book codes for IFRS and for
F. GAA

Question#5

A company organizes various events. They want to report on transactions using an Event Type. This Event Type does not need any members, security or hierarchy.
What should you do?

A. Enable a custom worktag and add values for each Event Type.
B. Create a custom organization for each Event Type.
C. Use the Maintain Worktag Usage task and set the Event Type to required for customer transactions.
D. Use the Maintain Related Worktag Usage task and set the Event Type to be required for customers.

Exam Code: Record to Report
Q & A: 55 Q&As         Updated:  Sep 27,2026

 

 Access Complete Record to Report Preparation Material

What This Record to Report Study Resource Helps You Do

Review Key Concepts

Review the technologies, products, processes, and practical skills covered by the current Record to Report exam objectives.

Practice Scenario-Based Questions

Work through independently developed questions designed to strengthen your understanding of technical scenarios and decision-making.

Identify Knowledge Gaps

Use your results and the provided explanations to find weaker areas and focus your study more effectively.

How to Use This Record to Report Preparation Material

Review the Exam Scope

Start by reviewing the topics covered by the Record to Report exam. Compare them with the official exam objectives to understand the required technologies, operational tasks, and practical skills, then identify the areas that deserve the most attention.

Practice Independently

Complete a focused set of practice questions for each topic. On your first attempt, avoid referring to notes, answers, or other study resources so that you can evaluate your current understanding more accurately.

Study the Explanations

Review the answers and explanations after completing each practice session. Understand why the correct option is appropriate for the given scenario and why the other options may be incorrect or less suitable.

Close Knowledge Gaps

Keep track of incorrect answers, unfamiliar concepts, and weaker knowledge areas. Review these topics using official documentation and practical experience, then answer the related questions again to reinforce your understanding and monitor your progress.

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Exam Code: Record to Report
Q & A: 55 Q&As
Updated:  Sep 27,2026

 

 Access Complete Record to Report Preparation Material