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workday finance certification

Hands-On Practice with Workday Finance Modules

Comprehensive Course Materials and Resources

Certification Exam Guidance and Support

Expert-Led Virtual Training with Real-World Applications

Overview Learning Objectives Who Should Attend Prerequisite Outline

Course Overview

The Workday Finance Training course is aimed at finance professionals, functional consultants, and business users who want to learn more about Workday’s financial management capabilities. This training equips the participants with knowledge and skills needed in the management of financial operations, budgeting, accounting and reporting in Workday Financial Management environment.

This course focuses on the key areas of Workday Finance including Core Financials, Accounts Payable, Accounts Receivable, General Ledger, Procurement and Financial Reporting. Participants will be introduced to the basic functionalities of Workday Finance and how they can design the framework for the financial component of an organization, perform financial transactions, and assess the financial performance of an organization using Workday reports. Other areas covered by the course include Integration of Workday Finance with other systems and Workday implementations for Operational Effectiveness and Compliance.

This is a theoretical and practical training in which participants can apply the knowledge in practical case situations. Participants will be able to apply the concepts learnt in this training through the use of assignment and interaction exercises that are fashioned in such a way that participants can implement what they learn in their organizations the minute they leave the training.

This course is for users who wish to upgrade their knowledge to increase the effectiveness of the financial operations, effectiveness of the financial reporting and to increase the importance of the financial decision making in an organization.

By the end of the training, the participants will have obtained adequate technical knowledge and skills to be able to effectively and efficiently manage the company’s financial operations using Workday Finance effectively reduce work cycle time on financial management and link the company goals and objectives to the available financial strategies.

Course Objectives

Understand the core features and functionalities of Workday Finance, including modules like General Ledger, Accounts Payable, and Accounts Receivable.
Learn how to configure and manage financial structures, including chart of accounts, cost centers, and financial hierarchies in Workday.
Gain hands-on experience in processing financial transactions, such as journal entries, invoices, and payments within the Workday Finance system.
Learn how to generate and analyze financial reports using Workday’s reporting tools to make data-driven decisions.
Understand the integration of Workday Finance with other Workday modules and external systems to streamline organizational processes.
Master the process of budgeting and forecasting within Workday Finance to manage financial plans and track performance.
Learn how to manage procurement and vendor transactions to ensure seamless financial operations within the organization.
Understand Workday’s compliance features and how to ensure financial transactions adhere to company policies and industry regulations.
Gain the skills needed to optimize financial workflows and automate processes to improve efficiency and reduce errors.
Build the expertise to effectively support the implementation and adoption of Workday Finance solutions within an organization.

Audience

Finance Professionals
Financial Analysts
Business Analysts
Workday Consultants
Financial Controllers
Accounting Managers
IT Professionals supporting financial systems
HR and Payroll Specialists involved in financial operations
Procurement Managers
Senior Managers in Finance and Accounting departments

Eligibility Criteria

Basic understanding of finance and accounting principles; prior experience with Workday is not mandatory.

Course Outline

Workday Fundamentals

Unit 1: Introduction to Workday – Navigation and Architecture

Core Concept
Landing Page
Tenant Setup
Workday User
Reference Ids

Unit 2: Introduction to Workday Foundation – Organization, Reorganization, Workdays

Reorganization
Company Organization
Company Hierarchy
Cost Center Organization
Supervisory Organization
Worktags - Delivered/Builtin
Worktags – Custom

Unit 3: Introduction to Workday Financial Workday Reporting – Advanced, Matrix, and Composite

Business Object Details
Advanced Reporting
Matrix Reporting
Composite Reporting
Worklets
Dashboard

Unit 4: Introduction to Workday Security - Domain, Business Process, Role-Based and User-Based

Functional Area
Domain Security
Role-Based security
Create a Security Group
Custom Field
Modify Field Label

Unit 5: Introduction to Workday Billing/Accounts Receivable, Accounts Payable, General Ledger

Worktags
Overview of accounting setup
Procure to pay process
Order to cash process

General Ledger

Unit 1: Setup for Financial Accounting
- Setup Currency
- Fiscal Schedule
- Account Set
- Account Control Rule Set
- Accounting Posting Rule Set
- Account Translation Rule Set
- Default Reporting Book
- Journal Reversal Option
- Company Accounting Details
- Create Ledger
- Ledger Period
- Maintain Ledger Period
- Custom Validation

Unit 2: Process Accounting Journals

Create Recurring Journal Entry Template
Create a Journal from Template
Create a Journal from Template
Edit Journal before Approval

Unit 3: Create and Process Journal EIB

Create Journal EIB
Populate journal information
Load Journal EIB
Process Journal

Unit 4: Review Period Close

Close a Period

Unit 5: Review Revaluation, Consolidation, Translation

Perform Revaluation
Cancel Revaluation

Unit 6: Review Financial Reports

View Trial Balance
Income Statement
GL reports

Accounts Payable

Unit 1: Setup Supplier, Account Posting Rules, and Worktags
- Create Supplier Category
- Create Spend Category
- Worktags Usage
- Account Posting Rule

Unit 2: Create Supplier and process different types of Supplier Invoices

Create Supplier
Edit Supplier
Create Supplier without PO
Create a Prepaid Supplier Invoice without PO
Create Recurring Supplier Invoice without PO

Unit 3: Create Supplier and process different types of Supplier Invoices

Create an Interco Supplier Invoice
Change Supplier Invoice
Create Supplier Invoice Adjustment
Cancel Supplier Invoice
Settle Supplier Invoices and Ad Hoc Payments by Checks
Cancel Entire Settlement Run

Unit 4: Perform Settlement run to pay supplier and Supplier reports

Process Supplier Invoice payments

Accounts Receivable/Billing

Unit 1: Setup Customer, Account posting rules, Worktags
- Create Customer Category
- Create Revenue Category
- Worktag Usage
- Account Posting Rule

Unit 2: Create Customer and Customer Invoice

Create Customer
Create a Customer Invoice

Unit 3: Customer Invoice Maintenance

Customer Notes
Customer Aging
Customer Statement
Write-off Bad Debt
Customer Refund

Unit 4: Customer Payment Processing

Record Check or Lockbox payment
Deposit Check or Lockbox payment
Record Electronic payment
Record Credit Card payment
Record and Apply On account payment
Record Adhoc payment
Offset

Unit 5: Customer Settlement run to process direct debit payments, Customer reports

Process Customer Invoice payments

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Experienced Subject Matter Experts
Approved and Quality Ensured training Material
24*7 Leaner Assistance and Support

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Customized Training Across Various Domains
Instructor-Led Skill Development Program
Ensure Maximum ROI for Corporates
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FAQ’s

What is the Workday Finance Training course?

This course provides in-depth training on Workday Finance, covering key modules such as financial management, accounting, budgeting, procurement, and reporting, designed to help professionals effectively implement and manage Workday finance solutions.

Who should enroll in this course?

Finance professionals, Workday functional consultants, financial analysts, and individuals involved in financial operations, budgeting, and reporting who wish to optimize financial processes using Workday.

What will I learn from this course?

Participants will learn how to configure and navigate Workday Finance, manage financial transactions, create and manage budgets, generate reports, and integrate Workday Finance with other enterprise systems.

Are there any prerequisites for this course?

While there are no strict prerequisites, a basic understanding of finance and accounting principles, as well as familiarity with cloud-based applications, will be beneficial.

Will I get hands-on experience during this course?

Yes, the course includes hands-on exercises, practical case studies, and real-world scenarios to ensure participants gain valuable, applicable experience in using Workday Finance.

How is the course delivered?

The course is offered through instructor-led online sessions, with the option for in-person delivery at select global locations for flexible learning.

How long does the training last?

The training duration is typically 40 hours, though the exact duration may vary depending on the delivery format and schedule.

Why is this course important for professionals?

This course is crucial for finance professionals looking to enhance their skills in managing financial operations within Workday, improving financial planning, reporting, and decision-making processes.

Why choose Vinsys for this training?

Vinsys offers expert-led training with a practical, hands-on approach, ensuring participants gain a deep understanding of Workday Finance and are ready to implement these skills in their organization. Flexible schedules and post-training support further enhance your learning experience.

Why Vinsys

Seasoned Instructors

Official Vendor Partnerships

Authorized Courseware

3,000+ Courses & 2,000+ Modules

In Synch with Tech-advancements

Customizable Blended Learning Options

Reviews

The Workday Finance course at Vinsys was a thorough and valuable learning experience. The training covered all key aspects of Workday’s finance modules, from budgeting to reporting, with hands-on sessions that helped solidify the concepts. The trainers were highly knowledgeable and always available for support. Highly recommended for finance professionals looking to advance their skills in Workday!

Aditya SinghFinancial Consultant

I had an excellent experience with the Workday Finance training at Vinsys. The balance of theory and practical exercises allowed me to understand Workday's financial functionalities deeply. The trainers were very attentive, ensuring that each participant grasped the material. This course has truly enhanced my ability to navigate and implement Workday Finance solutions effectively.

Tarun MukhijaFinance Executive

As a finance professional, the Workday Finance course at Vinsys was exactly what I needed to take my skills to the next level. The curriculum was comprehensive, covering everything from financial management to reporting tools. The hands-on approach and real-world examples made the learning process engaging and practical. I now feel confident using Workday to optimize financial processes within my organization.

Tarun BansalData Analyst

Enrolling in the Workday Finance course at Vinsys was an investment in my career. The training offered an in-depth look at Workday’s financial functionalities, with real-life case studies that made the learning process both informative and interactive. The support from the instructors was exceptional, and I now feel fully equipped to implement and manage Workday finance solutions.

Himanshu ShekhawatPower BI Developer

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