Asset Management Rel 8.8

Description:

This course teaches the fundamentals of establishing and managing the PeopleSoft Asset Management product. Participants learn how to create asset management business units, define processing controls, enter assets online, and perform essential asset maintenance procedures. Participants learn how to define and maintain parent-child assets, and to manage both capital and operating leases. Asset depreciation is a focus of this course, as are asset accounting and reporting. Integration of Asset Management with other PeopleSoft applications is explored. Participants learn how to set up control and process transactions for asset depreciation allocations, and plan capital acquisitions.

Learn To:

• Create Asset Management Business Units
• Define Processing Controls
• Enter Assets online
• Manage Capital and Operating leases

Audience:

Functional Implementer

Objectives:

• Describe PeopleSoft Asset Management
• Define your Asset Management system structure
• Add asset information and perform basic asset maintenance
• Perform Asset Management business processes
• Inquire and report on asset information
• Integrate Asset Management with PeopleSoft General Ledger and other PeopleSoft products
• Set up and maintain capital acquisition plans
• Perform changes to asset in mass

Prerequisites:

Required Prerequisites:
Understanding of basic navigation and PeopleSoft concepts
Use of control tables to enforce business rules
Able to run processes and reports
Understanding of the use of TableSets and Business Units
Intro to PS for FMS and SCM Rel 8.8

Topics:

Business Process Overview
Describing the Functions that PeopleSoft Asset Management Supports
Describing the Asset Transaction Flow
Describing the Integration of Asset Management with Other PeopleSoft Products
Describing the Implementation of PeopleSoft Asset Management
Describing the Conversion to PeopleSoft Asset Management
Finding Information About PeopleSoft Asset Management in PeopleBooks

Defining General Options
Setting Installation Options
Defining User Preferences
Defining Locations
Defining Calendars
Defining ChartField Values

Setting Up PeopleSoft Asset Management
Creating Asset Books
Creating Business Units
Defining Open Periods
Adding Asset Books to Business Units
Setting Up VAT Defaults and Other Delivered Tables
Setting Up Depreciation Conventions, Methods, and Limits
Defining Qualified Investment Codes, Tax Classes, and Tax Credits
Creating Asset Categories, AETs, Cost Types, and Transaction Codes

Adding Assets
Describing the A, B, C, and D Tables
Adding Assets Using Express and Basic Add
Identifying Hazardous Assets
Copying Assets
Updating an Asset's Physical Attributes
Using the Asset Search Utility
Adding Assets from a Spreadsheet
Using Transaction Currency

Maintaining Leased Assets
Identifying Lease Types
Defining Lease Payment Schedules
Adding and Maintaining Capital Leased Assets
Adding and Maintaining Operating Leased Assets
Adding and Maintaining Step Lease Assets

Adjusting, Recategorizing, and Transferring Assets
Adjusting Asset Information
Recategorizing Assets
Transferring Assets within a Business Unit (Intra-Unit)
Transferring Assets Between Business Units (Inter-Unit)
Viewing Asset Cost History
Submitting, Reviewing, and Approving Asset Transfer Requests

Retiring and Reinstating Assets
Defining the Different Types of Asset Retirements
Retiring Assets
Reinstating Assets
Automatically Retiring Assets
Using the Disposal Worksheet to Retire Assets
Retiring Assets by Using PeopleSoft Strategic Sourcing Auctions
Integrating with PeopleSoft Billing

Maintaining Parent-Child Assets
Adding Parent-Child Component Assets
Adding a Parent Asset as a Reporting Umbrella
Updating Basic Information for Parent-Child Assets
Adjusting Parent-Child Assets
Performing Intra-Unit Parent-Child Asset Transfers
Transferring Parent-Child Asset Inter-Unit
Retiring Parent-Child Assets
Parent-Child Net Book Value

Depreciating Assets
How PeopleSoft Asset Management Calculates Depreciation
Reviewing and Editing Open Transactions
Requesting Depreciation Calculations and Viewing the Results
Modifying Depreciation Calculations and Executing What-If Calculations

(FRA) Depreciating Assets
Configuring and Depreciating Assets Using the Derogatory Method
Creating Accounting Entries for Derogatory Depreciation
Configuring and Reporting Business Tax
Revaluing Assets
Running Statutory Reports

(JPN) Depreciating Assets
Identifying Depreciation Methods Used for Fixed and Leased Assets
Using Special and Increased Depreciation Methods
Using Advanced Depreciation and Utilizing the ADAADRS Report
Setting Up Composite Depreciation and Calculating the Automatic Useful Life of
Composite Depreciable Assets
Using Currency Rounding Options
Generating Local Tax Reports
Calculating Consumption Tax (VAT) Information for Asset Retirement Sales

Maintaining Asset Book Information
Identifying an Asset's Books and Information Needed to Calculate Depreciation
Defining Remaining Value Versus Life-to-Date Depreciation

Reporting and Charting Asset Information
Generating Asset Management Reports
Generating Asset Management Reports from Batch Processes
Generating Asset Management Reports On-line
Generating Asset Management Charts

Generating Asset Accounting Entries
Creating Accounting Entries
Closing Depreciation
Viewing Asset Accounting Entries
Reversing Depreciation Expenses and Lease Payment Entries
Closing Accounting Periods
Month End Processing Checklist

Allocating Depreciation Expense
Defining Depreciation Allocation
Setting Up the Depreciation Allocation Business Process
Creating Allocation Entries

Integrating with PeopleSoft General Ledger
Describing the Asset Management to General Ledger Integration
Part A: Defining the General Ledger to Accept Journal Entries
Part B: Defining the Link Between Asset Management and General Ledger
Processing the Journal Generator

Integrating with Other PeopleSoft Products
Integrating Purchasing with Asset Management
Integrating Accounts Payable with Asset Management
Running the Accounts Payable/Purchasing Interface
Consolidating and Unitizing Assets
Running the Transaction Loader Process
Integrating Project Costing with Asset Management
Integrating Billing with Asset Management
Integrating Strategic Sourcing with Asset Management

Planning for Capital Asset Acquisitions
Defining a New Capital Acquisition Plan Type
Defining a New Capital Acquisition Plan
Linking Assets to a Capital Acquisition Plan
Adjusting a C.A.P

Changing Assets in Mass
Understanding Mass Changes
Defining Mass Changes
Running the Mass Change Process
Reviewing the Results of a Mass Change
Running the Transaction Loader Process