Which of the following refers to standard or custom currencies used for reporting?

Master the Workday Adaptive Planning Certification. Test your knowledge with tailored multiple choice questions and detailed explanations to help you ace the exam effortlessly.

The term that refers to standard or custom currencies used for reporting is Currency Types. In Workday Adaptive Planning, Currency Types allow users to define how different currencies are treated in financial reporting and analysis. This includes setting up different currency formats, deciding on how exchange rates are applied, and determining which currencies are standard for reporting purposes.

By utilizing Currency Types, organizations can effectively manage multi-currency reporting, making it easier to consolidate financial data from various regions or business units that operate in different currencies. This capability is essential for accurate financial analysis and decision-making, as it facilitates the comparison of financial data across currencies while taking into account fluctuations in exchange rates.

The other options do not pertain to the concept of managing currencies for reporting. Level Access relates to permission settings within the system, Level Import Template involves the structure for importing data, and Hierarchy Display refers to how data is organized and visualized in a hierarchical format, none of which involve the handling of currencies directly.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy