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Workday Finance

Workday was founded with a groundbreaking concept of placing individuals at the core of corporate software. It offers an on-demand web-based ERP solution known as Workday Financials, which combines Financial Management and Human Capital Management software. This platform provides a unified system that enables transaction processing, multi-dimensional reporting, consolidation, planning, and compliance. Users can access these features seamlessly from their desktop or mobile devices while enjoying a consistent user interface.

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Description

Workday was established by David Duffield, the former CEO of ERP Company PeopleSoft, and Aneel Bhusri, former Chief Strategist at PeopleSoft. Its primary objective is to integrate various human resource functionalities into a user-friendly, unified system. Workday offers cloud-based enterprise applications that can be accessed on demand, providing cost-effective ownership and a cutting-edge approach to businesses. These applications merge Financial Management and Human Capital Management (HCM), offering a comprehensive solution. Workday Financial Management is constructed on a flexible global foundation, delivering essential financial management capabilities through a cloud-based solution. This platform not only enhances financial insights and consolidation but also streamlines the closing process, strengthens internal control, and ensures auditability.

Benefits of the course

1. You will learn how Workday financials work from the ground up.
2. Know how the document is put together.
3. Learn what Workday financials suite means and how it works.
4. You will learn the basic ideas and how to set up the business.
5. You will learn about pay, staffing models, the EIB, and how to write reports.
6. Find out how to use Workday
7. Learn about the different ways businesses work.
8. How to make use of Workday transactions
This is one of the most respected and valued professional requirements for mid-level to senior-level HR, Finance, and Legal professionals who work in executive compensation, as well as for consultants who advise companies in all industries on executive compensation. This course for a professional certification is also best for:
1. Recent graduates and experienced professionals who want to switch to Workday Financials
2. People who work in business intelligence
3. Data Scientists
4. Professionals Who Test
5. Analysts for business

Topics for this course

58 Lessons 60 hours

Unit 1 : Introduction to Workday & Navigation Basics?

Workday Finance is a cloud-based solution that combines financial management capabilities. This guide introduces Workday Finance and covers the fundamentals of navigating its user-friendly interface for efficient financial operations.

1. ERP Overview and Cloud Applications Overview

2. Workday Overivew

3. Navigation

4. Core Concepts of Workday

5. Business Object Action Model

6. Classification

7. Security

8. Domain vs Business Process

Unit 2 : Workday Organizations

1. Overview of Organizations

2. Delivered Organization Types

3. Create a Reorganization

4. Create a Company

5. Add Company Contract Information

6. Add Tax ID Number

7. Adding to Company Hierarchy

8. Create CostCenter

9. Create CostCenter Hierarchy

10. Supervisory Organization

11. Setup of Supervisory org structure

12. Creating and diving a subordinate org

13. Additional org types – Location, Region

14. Organization Hierarchies

15. Organization Assignments on Supervisory org

Unit 3 : Financial Accoutning Setup

Unit 4 : Account Posting Rules

Unit 5 : Worktag Usage and Custom Validations

Unit 6 : Accounting Journals

Unit 7 : Suppliers

Unit 8 : Supplier Invoices

Unit 9 : Banking and Settlements

Unit 10 : Customers

1. Report Writer Overview

2. Types of Reports

3. Standard Reports

4. Custom Reports

5. Build Custom Report

6. Data Sources

7. Class Report Fields

8. Objects, Fields

9. Order columns

10. Sort outputs

11. Filter criteria

12. Schedule & Share Custom Report

13. RAAS – Integration Reporting

Unit 11 : Customer Invoices

Unit 12 : Customer Receipts

Unit 13 : Bank Reconciliation

Unit 14 : Business Asset Setup

Unit 15 : Business Asset LifeCycle

Unit 16 : Troubleshooting

Unit 17 : Financial Reporting

Unit 18 : Foundation Data Model

Unit 19 : Security and Business Process

Unit 20 : Period Close

Unit 21 : Report Writer

Unit 22 : Integrations

Requirements

Workday Financial Training doesn't have any specific requirements before you can start. This training is for anyone who wants to learn Workday Financials and already knows some key financial terms.

Materials included

Upon enrollment, you will receive a lifetime access to the Learning Management System (LMS) and their updates. The LMS contains various resources, including class recordings, installation guides, presentations, sample codes, and project documents. Additionally, lifetime access to course and study materials is available on the cloud.