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Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation

Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation

By : Ranjeet Yadav
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Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation

Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation

4 (12)
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)
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Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation
Credits
About the Author
About the Reviewers
www.PacktPub.com
Preface
Index

Chapter 9. PeopleSoft Commitment Control

Commitment Control is an optional feature of PeopleSoft used for enforcing budget control over an organization's spending. It enables an organization to perform what is known as "encumbrance accounting", or commitment accounting. Using this feature, organizations can define budgets for various categories of their spending and track each spending transaction against available budget amounts. Although commitment control configurations are part of the General Ledger module, it spans many more modules such as Purchasing, Accounts Payable, Expenses, Billing, Accounts Receivable, and so on, which are responsible for creating transactions for spending as well as generating revenue.

In this chapter, we'll cover the following important topics:

  • Understanding commitment control

  • Commitment control configurations

  • Entering and processing budgets

  • Handling commitment control exceptions

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