Key Concepts of the Foundation Data Model (FDM)

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Key Concepts of the Foundation Data Model (FDM)

Synopsis

This course covers the basics of the Foundation Data Model (similar to a chart of accounts). It explains key concepts of Worktags, Hierarchies, and how to use our FDM Crosswalk to translate your current financial terminology into our new FDM Worktag values. This course is required for those assigned the Accountant security role.

Course Overview

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

·         Understand Workday’s Foundation Data Model (FDM)

·         Distinguish Driver Worktags and Related Worktags

·         Identify Ledger Accounts, Spend Categories, Revenue Categories, and Expense Items

·         Utilize the FDM Crosswalk Tool

·         Grasp the concept of Hierarchies.