
Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation
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The Asset Management module is used to maintain an organization's fixed assets. These assets are characterized by the need to capitalize and depreciate them. New assets can be added using online pages or loaded automatically using the delivered interface program known as Transaction Loader.
Assets can be linked to multiple asset books to ensure that they can be processed differently according to different accounting regulations. An asset profile sets the default rules for asset processing, such as the depreciation method to be used, which are inherited by assets using that profile. This significantly reduces the new asset data entry efforts. If needed, these default rules can be overridden for an individual asset.
PeopleSoft delivers a set of transaction types that describe all possible actions (such as addition, adjustment, retirement, and so on) that we can perform. Accounting templates define the accounts to be used for each combination of asset category, cost type, transaction...
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