Workday-Record-to-Report practice question 3 of 10

A lease report shows the correct contract but no accounting for the IFRS book. What should be checked first?

Full set: 55 questions

Answer options

A: Whether the lease type and accounting method are mapped to the IFRS book code for the company Correct answer

B: Whether the supplier has a phone number

C: Whether the journal sequence starts at one

D: Whether the account certification is approved

Correct Answer:

A. Whether the lease type and accounting method are mapped to the IFRS book code for the company

Explanation

In Workday, multi-book accounting requires specific configuration to generate ledger entries for alternate books like IFRS. If a lease contract is active but no accounting appears in the IFRS book, the primary troubleshooting step is to verify the accounting configuration. Specifically, the administrator must check if the lease type and accounting method are properly mapped to the IFRS book code for that specific company within the account posting rules.

Why Incorrect

B. A supplier's phone number is demographic data and does not impact the generation of financial accounting entries.
C. Journal sequencing is a numbering mechanism and does not prevent the generation of accounting entries for a specific book.
D. Account certification is a period-end reconciliation process, not a prerequisite for generating lease accounting entries.

References

1. Workday, Inc. Workday Administrator Guide: Multi-Book Accounting > Configure Alternate Books. (Section: Book Code Mapping).

2. Workday, Inc. Workday Administrator Guide: Lease Accounting > Lease Accounting Posting Rules. (Section: Multi-Book Configuration for Leases).

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