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Workday Financials

Our Workday Financials Practitioner Program is a practicum-based program designed to prepare you for real-world roles working with Workday’s Financial Management suite. This independently developed training program covers essential functional and configuration skills using simulated environments and practical business scenarios. This program bridges the gap between theory and practice, ensuring you gain not only an understanding of Workday Financials concepts but also the applied expertise.

Who This Is For

  • Finance and accounting professionals transitioning into Workday Financials roles
  • ERP consultants seeking to add Workday to their skill set
  • Professionals with at least 2+ years of work experience and domain knowledge in finance

Important Disclaimer

This program is independently developed by MPOVR based on publicly available information and professional experience. It is not affiliated with, sponsored by, or endorsed by Workday, Inc. “Workday” is a registered trademark of Workday, Inc.

Learning Objectives

By the end of this program, you will be able to:

  • Navigate Workday Financials: Understand the user interface, dashboards, and reporting framework.
  • General Ledger & Accounting Setup: Configure company, ledger, and account structures for accurate financial tracking.
  • Accounts Payable & Receivable: Process expenses and supplier invoices, manage customer accounts, and handle settlements.
  • Banking & Settlement: Set up bank accounts, process payments, and reconcile transactions.
  • Business Assets Management: Track, depreciate, and dispose of assets in compliance with accounting standards.
  • Reporting & Analytics: Create actionable financial and operational reports for business decision-making.
  • Audit & Compliance Readiness: Apply best practices to maintain financial controls and meet compliance requirements.
Key Modules

Core Financials & General Ledger

  • Chart of Accounts design and maintenance
  • Ledger setup and accounting periods
  • Journal entries
  • Allocations and reclassifications
  • Multi-entity and multi-currency accounting concepts

Accounts Payable 

  • Supplier master data management
  • Invoice entry, validation, and approval workflows
  • Payment processing 
  • Credit memos and adjustments
  • Expense management

Accounts Receivable

  • Customer master data setup
  • Invoice creation and distribution
  • Payment application and collections management
  • Credit & debit adjustments
  • Revenue recognition principles

Banking & Settlement

  • Bank account configuration and security controls
  • Payment formats and bank integrations
  • Bank statement imports and reconciliation
  • Settlement runs and error handling

Business Assets

  • Asset acquisition and capitalization
  • Depreciation rules and schedules
  • Asset transfers and retirements
  • Projects
  • Asset reporting and audit support

Reporting & Analytics

  • Standard financial reports (trial balance, P&L, balance sheet)
  • Custom report creation with calculated fields
  • Operational reporting for AP, AR, and expenses
  • Ad hoc queries for audit and compliance

Financial Controls & Compliance

  • Segregation of duties in finance operations
  • Audit trails and transaction history
  • SOX compliance considerations
  • Period close checklists and workflow controls
  • Data security and access control best practices