Workday Finance
Master in Workday Finance
Our Workday Finance training at Skill Elevate covers comprehensive financial management processes, from accounting and budgeting to financial reporting. Designed with industry standards in mind, our courses provide students with the crucial skills needed for success in financial management and Workday systems.
Course Curriculum
Introduction to Workday Finance
- Overview of Workday Finance
- Key Features and Benefits
- Workday Finance Architecture
Getting Started with Workday
- Navigating the Workday Interface
- Basic Workday Terminology
- Setting Up Your Workday Environment
Core Financial Management
- Financial Accounting Basics
- General Ledger and Chart of Accounts
- Accounting Journals and Adjustments
- Financial Periods and Close Processes
Accounts Payable
- Supplier Management
- Invoice Processing
- Payment Processing
- Managing Supplier Payments and Reconciliation
Accounts Receivable
- Customer Management
- Invoice Creation and Distribution
- Payment Receipts and Application
- Managing Collections and Dunning
Procurement
- Requisition and Purchase Orders
- Supplier Contracts
- Goods Receipt and Invoice Matching
- Procurement Reporting
Expense Management
- Configuring Expense Policies
- Expense Report Submission and Approval
- Expense Reimbursements
- Expense Reporting and Analytics
Asset Management
- Capitalizing and Depreciating Assets
- Asset Tracking and Inventory Management
- Asset Valuation and Reporting
Project Accounting
- Project Setup and Management
- Budgeting and Forecasting
- Time Tracking and Billing
- Project Financial Reporting
Budgeting and Planning
- Setting Up Budgets and Forecasts
- Variance Analysis
- Collaborative Planning Processes
- Using Adaptive Insights for Planning
Financial Reporting and Analytics
- Standard Financial Reports
- Custom Financial Reports
- Financial Dashboards and KPIs
- Using Workday Prism Analytics
Cash and Bank Management
- Bank Account Setup
- Cash Positioning and Forecasting
- Bank Reconciliation
- Treasury Management
Revenue Management
- Revenue Recognition
- Contract Management
- Deferred Revenue Management
- Revenue Reporting
Financial Controls and Compliance
- Internal Controls and Audit
- Compliance and Regulatory Reporting
- Managing Financial Risks
- Ensuring Data Security and Privacy
Integration and Data Management
- Workday Integration Tools
- Importing and Exporting Financial Data
- Managing EIB (Enterprise Interface Builder)
- Integration with Other Financial Systems
Advanced Topics in Workday Finance
- Global Financial Management
- Multi-Currency and Multi-Language Support
- Localization and Tax Compliance
- Advanced Financial Analytics
Project: Implementing Workday Finance
- Planning and Designing the Implementation
- Configuring Core Financial Modules
- Testing and Validation
- Go-Live and Post-Implementation Support
Conclusion and Best Practices
- Summary of Key Concepts
- Workday Finance Best Practices
- Resources for Further Learning
