Which of the following is a key requirement for compliance with local accounting standards in Workday?

A key requirement for compliance with local accounting standards in Workday is mapping financial transactions to multiple accounting books. This process is essential because different countries and regions may have unique accounting rules and standards that organizations must follow for legal and regulatory compliance. By using multiple accounting books, Workday enables organizations to maintain accurate financial records that align with these varied local standards while also supporting global reporting needs.

Mapping to multiple accounting books allows companies to record transactions in a way that recognizes the specific accounting principles applicable in each jurisdiction. This ensures that financial reporting is compliant with local laws, ultimately helping organizations avoid penalties and maintain good standing with local regulators. The ability to generate financial statements tailored to various accounting requirements demonstrably aids in regulatory compliance.

In contrast, options related to currency assignment, running payroll alongside financials, or eliminating intercompany transactions manually do not directly address the adaptability required for local accounting compliance as effectively as the mapping of transactions to different accounting books does.