Book Image

Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation

By : Ranjeet Yadav
Book Image

Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation

By: Ranjeet Yadav

Overview of this book

PeopleSoft financial management applications have been recognized as a leading ERP product across a wide range of industries that helps organizations automate their accounting operations, cut costs, and streamline business processes. They offer industry leading solutions for organizations' global needs, however complex they may be. PeopleSoft Enterprise Financial Management 9.1 Implementation is probably the only learning resource for a novice practitioner, who may otherwise have to rely on thousands of pages of documentation for such a complex ERP system. This book covers all the crucial elements of PeopleSoft Financials—a business processes, configuration, and implementation guide. This is the ideal one-stop resource before entering the world of PeopleSoft implementation. Beginning with the fundamentals of a generic financial ERP system, this book moves on to basic PeopleSoft concepts and then dives into discussing the individual modules in detail. You will see how to leverage financial modules such as Billing, Accounts Receivable, Accounts Payable, Asset Management, Expenses, and General Ledger. Dedicated chapters discuss key PeopleSoft features such as application security and commitment control for budgeting. You will learn fundamental ERP concepts such as the chart of accounts, used by organizations for recording and reporting financial transactions, and how to implement them in PeopleSoft through chartfields, business units, and SetIDs.
Table of Contents (16 chapters)
Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation
Credits
About the Author
About the Reviewers
www.PacktPub.com
Preface
Index

Adding new assets


Recording an asset in the Asset Management system can be done in three different ways:

  • Using online asset additions (manual)

  • Uploading assets details using Excel spreadsheets

  • Interfacing assets from external sources using Transaction Loader

Asset Management records two types of asset details:

  • F inancial information: These details include all the elements needed for accounting transactions of an asset, such as asset cost, books, depreciation method, useful life, and so on.

  • Physical information: These details include all the physical attributes such as tag (serial) number, manufacturer, and so on.

An important feature offered by the AM module is the capitalization threshold. Some organizations may need to capitalize their purchases as capital or non-capital depending on the asset cost. We can specify an amount threshold beyond which the system can automatically categorize the assets as capital. PeopleSoft offers the following categories for the assets:

  • Capital assets: These...