Workday Financial Training

Course Description:

Financial Management

A brand-new day for finance. Bring your accounting, consolidation, planning, procurement, projects, reporting, and analytics into one finance system. Workday Finance gives you unparalleled insight and a state-of-the-art foundation for transactional efficiency and control. The result? More time to tackle your biggest challenges, like driving strategic planning and finding the best paths to profitability. See how Workday is revolutionizing finance. By combining transactions, accounting, analytics, and “always on” audit in one system, Workday empowers decision-makers with in-the-moment and on-the-go financial and business insight they can act upon


Why Workday Finance?

Account for everything
  • Achieve new levels of financial efficiency and business performance with accounting software from Workday.
  • Quickly respond to anomalies as they happen with in-memory accounting and reporting.
  • Manage all activity with configurable out-of-the-box business processes.
  • Meet global requirements with country-specific configurations and language translations, as well as multi entity, multi book, and multi currency support.
  • Proactively adapt to internal and external changes without IT resources or costly customizations.
  • Ensure security and compliance with embedded internal controls and always-on audit features.
Anytime access to financial reports
  • Gain immediate visibility into your organization’s performance. Workday combines transactions and reporting to deliver interactive, dimensional insight in one system.
  • Gain complete insight with tailorable dimensions across finance, HR, and payroll.
  • Easily communicate results with dashboards, scorecards, and configurable KPIs.
  • Perform ad hoc analysis on real-time data in a familiar spreadsheet interface.
  • Stay informed wherever you are with reports and dashboards available on any device.
Consolidate and close in real time
  • Workday provides complete visibility into your global operations, so you can close the books and consolidate results with confidence.
  • Close faster with contextual analytics, configurable dashboards, and embedded business processes.
  • View consolidated results throughout the period with automatic eliminations and currency translations.
  • Support ownership scenarios, such as investment in a subsidiary, non-controlling interest activity, and equity pickup.
  • Consolidate results from non-Workday systems for a full view of your operations.

Control your cash flow

  • Streamline payment processes and gain greater visibility over your cash flow.
  • Manage all payments across your entire business with a single settlement engine.
  • Track and manage your bank accounts, including bank signatories and bank fees.
  • Automatically reconcile bank statements.
  • Gain real-time visibility into bank activity and cash position through dedicated reports and dashboards.
  • Accurately forecast cash flow with embedded analytics.
Manage your business assets
  • Account for all your business assets—from laptops and mobile phones to rights and licenses.
  • Manage the full asset life cycle, from acquisition to disposal.
  • Create multiple asset books to report on and comply with different accounting standards.
  • Define, track, and account for tangible, intangible, and composite assets.
  • Track low-cost items that have high value, such as mobile devices, security badges, and so on.
  • Assign items to workers to prevent cost leakage and security risks.

Course Objectives

  • Basic Navigation of Workday and Understanding Workday
  • Workday Organization
  • Financial Accounting Setup
  • Account Posting Rules
  • Accounting Journals
  • Suppliers
  • Supplier Invoices
  • Banking and Settlement
  • Customers
  • Customer Invoices
  • Customer Receipts
  • Business Asset Setup
  • Business Asset Life Cycle
  • Financial Common reports
  • Report Writer for Workday
  • Defining Business Processes
  • Security Groups

Course Curriculum

Basic Navigation of Workday and Understanding Workday
  • Workday core concept
  • Workday navigation basic
  • Searching
  • Search category
  • Search prefix
  • Business object
  • Landing Pages
  • Related Action Menus
  • Search
  • Slide-out tabs
  • Hyperlinks
  • Additional Navigation Topics
  • Actionable Reports
  • Single and Multi-select prompt fields
  • Standard Screen Icons
  • Task Page Icons
  • Configuration options
  • Find Worker
  • Inbox
  • Worklets
  • WD Drive
  • Workday searching style
  • Prefix in workday
  • Workday site map
  • Self service
Workday Organization
  • Company
  • Company hierarchy
  • Company accounting detail
  • Company contact detail
  • Company tax id
  • Company Billing Information
  • Assignable role for company
  • Business process definition for company
  • Create a Cost Center
  • Create a Cost Center Hierarchy
  • Assign Cost Center to a Cost Center Hierarchy
  • Cost center manager role
  • Custom Organizations
  • Maintain Organization Subtypes
  • Maintain Organization Types
Financial Accounting Setup
  • Overview
  • Financial Accounting Setup
  • Company Chart Of Account
  • Account control rule
  • Financial Transaction Flow
  • Company Accounting Details
  • Ledger Setup
  • Financial schedule
  • Fiscal Year
  • Fiscal schedule
  • Ledger Period Status
Account Posting Rules
  • Overview
  • Multipurpose Rules
  • Supplier Accounts and Spend Rules
  • Business Asset Rules
  • Customer Accounts and Revenue Rules
Accounting Journals
  • Overview
  • Accounting journal
  • Operational journal
  • Manual journal
  • Journal creation security
  • Journal posting rule
  • Journal Setup
  • Create an Accounting Journal
  • Create a Reversal Accounting Journal
  • Recurring Journal Generation
  • EIB – Upload a Journal Entry
  • Overview
  • Supplier Setup
  • Supplier setup security
  • Supplier event
  • Supplier Business process
  • Supplier category
  • Supplier group
  • Supplier hierarchy
  • Supplier connection
  • Supplier activity control
  • Create Supplier
  • Spend Categories and Purchase Items
  • Maintain Spend Category
  • Create Spend Category Hierarchy
  • Create Purchase Item
  • Purchase Item group
  • Edit Posting Rule
  • Supplier account
  • Supplier payment method
  • Supplier status
Supplier Invoices
  • Overview
  • Supplier Invoice and Adjustment
  • Supplier invoice auto creation
  • Supplier invoice status management
  • Create Supplier Invoice
  • Create Supplier Invoice Adjustment
  • Supplier invoice Workflow
  • Supplier invoice security
  • Recurring supplier Invoice
  • Supplier contract
  • Supplier Accounting Detail
  • Supplier invoice scheduling
  • Supplier invoice auto creation
Banking and Settlement
  • Overview
  • Cash Flow
  • Key features of banking settlement
  • Bank set up pre task
  • Financial institute
  • Bank Setup
  • Creating Bank Account
  • Bank routing rule
  • Settlement Overview
  • Settlement processing chain
  • Settlement work area
  • Settlement run date
  • Printing bank check task
  • Settlement security
  • Ad hoc Payment
  • Ad hoc Payment settlement
  • Overview
  • Security for customer setup
  • Customer Setup
  • Maintain Customer Category
  • Maintain Customer Groups
  • Customer Hierarchy
  • Customer tagging or Worktag
  • Create Customer
  • Revenue Categories
  • Sales Items
  • Sales Item Group
  • Sales Item preview
  • Deferred sales Item
  • Edit posting rule for customer payment
Customer Invoices
  • Overview
  • Create Customer Invoice
  • Customer Invoices and Adjustments
  • Customer Invoice Security
  • View customer invoice accounting
  • Printing customer invoice
  • Customer invoice Email
  • Email and Print a Customer Invoice
  • Create Customer Invoice auto Adjustment
Customer Receipts
  • Overview
  • Customer Account Management
  • Customer Reporting
  • Write off bad DEBT
  • Cash sales
  • Record customer payment with an on-account Amount
  • Deposit customer payments
  • Record Cash Sales
  • Modify the cash sales BP
  • Receivable aging report
  • Customer statements
  • Receivables Aging Reports
  • Customer Statements
Business Asset Setup
  • Overview
  • Add Asset Books to Company
  • Maintain Depreciation Profiles
  • Maintain Spend Category
  • Maintain Asset Book Rules
  • Edit Posting Rule
  • Purchase Business Asset
  • Business asset security
  • Record Depreciation of business asset
Business Asset Life Cycle
  • Overview
  • Purchase Business Assets
  • Register Business Assets
  • Transfer Business Assets
  • View Business Asset History
Financial Common Reports
  • Workday Standard report
  • Standard vs expresso report
  • Run standard and expresso report
  • Event accounting summary report
  • Balance By Bank Report
  • Trial balance Report
  • Ledger detail report
  • Ledger account activity summary report
  • Ledger year beginning balance report
  • Find journal
  • Find customer
  • Find customer invoice
  • Find customer payment
  • Settlement report
Report Writer for Workday
  • Goals & Objectives
  • Overview and Introduction
  • Delivered Reports
  • Report Writer Terminology & Concepts
  • Business Objects, Fields & Instances
  • Report Data Sources
  • Steps to Create a Report
  • Report Types
  • Selecting a Data Source
  • Temporary Reports
  • Report Writer Navigation
  • Report Output vs Report Definition
  • Sorting And Filtering Report Fields
  • Simple vs Advanced Report Types
  • Advanced Filtering Options and Prompts
  • Accessing Fields from Related Business Objects
  • Sorting and Filtering on Related Business Object Fields
  • Subtotals & Grand Totals
  • Data Source Security & Report Field Security
  • Sharing Reports
  • Schedule and Share Output of Report
  • Report Run History
  • Transfer Ownership
Defining Business Processes
  • Overview
  • Business Process Framework
  • View Business Process Diagram
  • Business Process Configuration Options
  • Business Process Functionality
  • Business Processes and Sub processes
  • Hire Business process configuration
  • Create position compensation business process
  • Request compensation change business process
  • Change job business process
  • Business process condition rule
  • Business process advance routing
  • Business process steps configuration
  • Business process to do
  • Business process Delegation
  • Business process approval chain
Security Groups
  • Overview
  • Configurable Security
  • Functional Areas, Securable Items and Security Policies
  • Workday delivered security group
  • Security group types
  • Role base security group
  • User base security group
  • Domain security policy
  • Business process security policy
  • Domain security policy for functional area
  • Domain security policy for business process
  • Creating custom Security Groups
  • Modifying Domain Security Policy
  • Modifying Business Process Security Policy

Training Details

Workday Training Details
TrackRegular Track (Mon - Thurs)Weekend Track (Sat and Sun)
Course Duration20 hrs20 hrs
2 Hours a day
Training ModeOnline ClassroomOnline Classroom


  • Time Slot: Flexible 9 PM CDT

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