True or False: A cost center worktag must be indicated on the customer invoice line only.

Prepare for the Workday Financials Certification Exam with our comprehensive quiz. Study with detailed questions and explanations to improve your knowledge and increase your chances of passing the exam!

In Workday Financials, a cost center worktag is used primarily to track financial activity and allocate costs to specific areas or departments within an organization. These worktags provide essential data for analysis and reporting, allowing for a clear understanding of where costs are incurred.

While it is correct that a cost center worktag may be indicated on a customer invoice, it is not limited to customer invoice lines only. In fact, cost center worktags can be assigned across various transactions, including expense reports, supplier invoices, and internal transactions. This broad applicability ensures that all financial data linked to specific cost centers is accurately recorded and can be reported on effectively.

Therefore, the statement that a cost center worktag must only be indicated on the customer invoice line is false, as it can and often is used in multiple contexts beyond just customer invoices. This flexibility enhances the capability of reporting and financial analysis across the organization, allowing for a comprehensive view of costs and spending by different units or projects.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy