Master Workday Finance & Accounting with ENCODE-IT’s Workday Financial Management Training!

In today’s fast-paced business environment, companies are increasingly relying on cloud-based
platforms to streamline their financial operations and reporting. Workday Financial Management
offers a comprehensive solution that enables businesses to manage their finances in a more
efficient, transparent, and accurate manner. ENCODE-IT’s Workday Finance & Accounting Training
is designed to provide professionals with in-depth knowledge and hands-on experience in
configuring, managing, and optimizing Workday's financial modules.
Whether you’re a financial professional looking to transition to Workday or an IT expert interested in
implementing and supporting Workday Financials, this course offers the critical skills necessary to
excel in the dynamic world of finance and accounting. By the end of the course, you will be able to
navigate Workday’s suite of finance tools, manage financial transactions, automate accounting
processes, and create detailed financial reports, all while adhering to best practices and industry
standards.

Salary Expectations in India:
Workday Financial professionals are in high demand in India, with organizations actively seeking
individuals who can implement and manage Workday Finance modules. As a Workday Financial
Analyst or consultant, you can expect to earn between ₹8,00,000 to ₹12,00,000 annually at the entry
level. As you gain experience and expertise, this can increase to ₹15,00,000 to ₹20,00,000 or more
per year. Senior roles such as Workday Financial Consultants, Managers, or Architects can command
salaries upwards of ₹25,00,000 annually, depending on the complexity of the projects and the scale
of the organization.

Placement Assistance and Certification:
At ENCODE-IT, we are committed to your career success. That’s why we offer Placement Assistance
to our students, helping them connect with leading organizations in the industry. We provide
support in resume building, interview preparation, and job search strategies. Upon successful
completion of the course, you will receive an official Workday Financial Management Certification
from ENCODE-IT, which will help validate your expertise and enhance your job prospects in the
competitive market.

Course Curriculum:

Introduction to Workday Financial Management:
 Overview of Workday Financials: Key Features and Benefits
 Workday Financial Management Modules: Understanding the Structure and Key
Components
 Workday Interface: Navigating the Workday Application and Workday Reporting Interface
 Configuring Workday Financials: Basic Setup and Configuration of Financial Modules
 Role-Based Access Control: Managing User Roles and Permissions in Workday
General Ledger and Accounting:

 Understanding the Workday General Ledger: Setup and Structure
 Creating and Managing Chart of Accounts in Workday
 Financial Transactions: Recording and Processing Journal Entries in Workday
 Workday Accounting Periods: Opening, Closing, and Managing Accounting Periods
 Consolidation: Managing Financial Consolidations and Intercompany Accounting
 Understanding Workday’s Accounting Rules and Posting Journals

Accounts Payable and Receivable:
 Introduction to Workday Accounts Payable: Setting Up Vendors, Invoices, and Payments
 Managing Accounts Payable Processes: Invoice Processing, Payment Management, and
Supplier Reports
 Workday Receivables: Creating and Managing Customer Invoices and Receipts
 Managing Cash Application in Workday: Applying Payments and Managing Customer
Transactions
 Handling Deductions, Credits, and Disputes in Accounts Receivable
 Reporting on Accounts Payable and Receivable: Using Workday’s Reporting Tools for
Financial Insights

Workday Asset Management:
 Introduction to Asset Management in Workday: Setting Up Asset Classes, Books, and
Locations
 Asset Transactions: Acquiring, Transferring, and Depreciating Assets in Workday
 Asset Reporting and Reconciliation: Generating Reports on Asset History and Financial
Impact
 Workday Asset Lifecycle: Managing Assets from Acquisition to Disposal
 Integrating Asset Management with General Ledger: Streamlining Depreciation and Asset
Tracking

Financial Planning and Analysis (FP&A):
 Introduction to Workday FP&A: Planning, Budgeting, and Forecasting in Workday
 Workday Adaptive Planning: Using Workday’s Planning Tools for Financial Projections
 Building Budgets and Forecasts: Collaborating with Stakeholders to Create Accurate Financial
Plans
 Reporting and Analytics: Using Workday’s Reporting Tools to Track Financial Performance
 Understanding Workday’s Consolidation and Forecasting Models
 Forecasting Financial Outcomes: Creating Dashboards and Reports to Support Strategic
Decisions

Workday Procurement and Supplier Management:
 Introduction to Workday Procurement: Setting Up Purchasing and Procurement Processes
 Managing Supplier Relationships in Workday: Supplier Onboarding, Sourcing, and Supplier
Performance Management
 Creating Purchase Orders: Managing Procurement Processes for Goods and Services
 Workday Procurement Reports: Understanding and Creating Supplier and Purchasing
Reports
 Integrating Procurement with Accounts Payable: Streamlining Payment and Supplier
Reconciliation
 Managing Procurement Costs and Budgeting: Aligning Procurement with Financial
Management

Workday Financial Reporting:
 Introduction to Workday Financial Reporting: Tools and Techniques
 Creating Custom Financial Reports in Workday: Workday Report Writer and Custom
Workbooks
 Standard Financial Statements: Generating Balance Sheets, Income Statements, and Cash
Flow Reports
 Building Key Performance Indicators (KPIs) and Dashboards in Workday
 Integrating Workday Reports with External Systems and Data
 Using Workday’s Analytical Tools: Gaining Insights into Business Financial Health

Financial Auditing and Compliance:
 Financial Audits in Workday: Preparing for Internal and External Audits
 Managing Regulatory Compliance in Workday: Adhering to GAAP, IFRS, and SOX Compliance
 Financial Data Security and Privacy: Protecting Sensitive Financial Data in Workday
 Financial Process Control and Risk Management in Workday
 Audit Trails and Financial Control: Tracking and Monitoring Financial Transactions
 Ensuring Compliance with Tax Regulations: Managing Tax Calculations and Reports

Workday Integration and Advanced Topics:
 Introduction to Workday Integration: Overview of Integration Options and Tools
 Integrating Workday Financials with External Systems: APIs, Web Services, and Middleware
 Workday Cloud Platform: Leveraging Cloud-Based Integrations and Data Exchange
 Integrating Financials with Payroll, HR, and Other Workday Modules
 Managing Financial Data from Multiple Sources: Real-Time and Batch Integrations

 Advanced Workday Security Features: Managing Financial Data Security in Complex
Environments

Hands-On Projects and Exercises:
 Configuring Workday Financials: General Ledger Setup, Accounts Payable/Receivable
Configuration
 Creating and Managing Financial Reports: Building Custom Financial Statements and
Dashboards
 Implementing Workday’s Procurement Process: Setting Up Purchasing, Suppliers, and
Purchase Orders
 Financial Reconciliation: Managing Journal Entries, Closing Periods, and Consolidations
 Asset Management Exercise: Setting Up and Managing Fixed Assets in Workday
 Final Project: Designing and Implementing a Complete Workday Financial System for an
Organization

Key Features of the Course:
 Tools & Platforms: Workday Financial Management, Workday Reporting, Workday Adaptive
Planning, Workday Integration
 Real-World Applications: Managing Financial Transactions, Reporting, Procurement, Asset
Management, and Compliance in Workday
 Interactive Learning: Hands-On Labs, Case Studies, Quizzes, and a Final Exam
 Capstone Project: Implementing a Full Workday Financial System for a Business

Start Your Career as a Workday Finance Expert:
With ENCODE-IT’s Workday Finance & Accounting Training, you will acquire the skills necessary to
manage, configure, and optimize financial processes in Workday. This course will prepare you to
take on key roles in Workday Financial Management, helping businesses streamline their financial
operations and improve decision-making through accurate, real-time financial data.