PeopleSoft Asset Management

Overview of the Course:

PeopleSoft Enterprise Asset Management guides the students through hands-on activities on how to add and maintain capital and non-capital assets, retire and reinstate assets, depreciate assets and report on

assets. Students will also learn how to generate accounting entries, setup the systems for maximum control and efficiency and use the Financials Audit Framework to track transactions, manage both capital and operating leases and define and maintain parent-child assets.

Objectives:

Upon successful completion students will be able to describe and set up PeopleSoft Asset Management functions as well as Integrate Asset Management with other PeopleSoft applications and efficiently accurately and efficiently process capital assets to properly recognize assets on the balance sheet and determine the most favorable depreciation schedule for both corporate and statutory reporting. By the end of this course, you will also be able to confidently track all events affecting the financial recognition of your assets for their entire life, while maintaining accurate financial records.

Who should attend?

PeopleSoft Financial Functional implementer and support team members needing to support the PeopleSoft Financials Systems in their own organization.

Suggested Next Steps:

PS nVision, BI Publisher for Financials

OUTLINE OF THE COURSE:

Asset Management Business Process Overview Defining General Options
Setting Up Asset Management

Adding Assets
Maintaining Leased Assets
Adjusting, Recategorizing and Transferring Assets Retiring and Reinstating Assets

Maintaining Parent and Child Assets Depreciating Assets
Maintaining Assets
Reporting on Asset Information Generating Accounting Entries for Assets

Understanding Allocating Depreciation Expense

Integration with PeopleSoft General Ledger

Planning for Capital Asset Acquisitions

Performing Mass Changes to Assets

Workshop

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