Commitment Control Rel 8.9

Description:

This course teaches the fundamental concepts and features of PeopleSoft Commitment Control. Students gain working knowledge of the issues involved in a standard Commitment Control implementation.

The students create their own business units and the setup of Commitment Control, defining budgets, and then creating budget journals, and budget checking transactions. They create budgets and budget check transaction through the Procure-to-Pay cycle, Project Costing and Expenses. The course concludes with conducting the budget close, and options associated with closing your budget and rolling over open purchase orders to the next budget period.

Learn To:

• Set up Commitment Control
• Define budgets
• Create budget journals and budget checking transaction
• Conduct budget close

Audience:

Functional Implementer

Objectives:

• Describe PeopleSoft Commitment Control and Key Features
• Prepare the System for PeopleSoft Commitment Control Implementation
• Create Commitment Control Budgets
• Manage the Budget Checking Process
• Manage Budgets

Prerequisites:

Required Prerequisites:
Understanding of basic navigation and PeopleSoft concepts
Use of control tables to enforce business rules
Able to run processes and reports
Intro to PS for FMS and SCM Rel 8.9

Suggested Prerequisites:
Understanding of basic navigation and PeopleSoft concepts

Topics:

Setting Up PeopleSoft Commitment Control
Setting Up Commitment Control Options
Explaining the PeopleSoft Commitment Control Infrastructure
Setting Up Commitment Control Ledgers
Setting Up Commitment Control Budget Periods
Setting Up Translation Trees
Setting Up Commitment Control Budget Rules and Attributes
Applying Commitment Control Ledger Groups to a PeopleSoft General Ledger Business Unit
Explaining Associated Expenditures and Revenue Budgets

Setting Up Commitment Control Security
Explaining the PeopleSoft Commitment Control Security Setup Steps
Identifying Commitment Control Security Chart Field Values
Setting Up Security Events
Setting Up Security Event Rules
Configuring Security Rules for Users
Applying Commitment Control Security to Your PeopleSoft System

Preparing Commitment Control Budgets
Identifying the Phase in the Implementation Lifecycle for Preparing Budgets
Explaining the Budget Preparation Process
Creating a Commitment Control Budget
Creating Budget Journals From a Flat File
Performing a Budget Transfer
Managing Your Budget
Analyzing Your Budget

Managing Budget Checking and Exception Processing
Identifying the Implementation Phase for Managing Budget Checking
Explaining the Budget Checking Process
Identifying PeopleSoft Commitment Control Source Transactions
Demonstrating the Budget Checking Process Using PeopleSoft General Ledger
Evaluating Budget Checking Statuses
Managing Budget Exceptions

Managing the Procure-to-Pay Life Cycle Using Commitment Control
Identifying the Implementation Phase for Managing the Procure-to Pay Life Cycle
Illustrating the Procure-to-Pay Life Cycle Using PeopleSoft Commitment Control
Preparing a Requisition
Managing the Pre-Encumbrance Ledger
Preparing a Purchase Order
Managing the Encumbrance Ledger
Preparing a Voucher
Managing the Expenditure Ledger

Managing Project Budgets using PeopleSoft Commitment Control
Identifying the Implementation Phase for Managing Project Budgets
Illustrating the relationship between PeopleSoft Commitment Control and PeopleSoft Project Costing
Explaining the Structure of a Project
Setting Up a Project
Setting up a Project Budget
Adding a Project Budget
Evaluating Project Source Transactions
Using Funding Source Control

Managing Expense Budgets Using PeopleSoft Commitment Control
Budget-Checking Expense Transactions
Reviewing Travel Authorization Budget Exceptions
Reviewing Expense Report Budget Exceptions
Rolling Over Travel Authorization Encumbrances to a New Budget Period

Managing Commitment Control Budget Closing
Explaining the Budget Closing Process
Preparing Your System to Close Out Budgets
Setting Up Budget Closing Rules
Setting Up Budget Closing Sets
Demonstrating End of Year Purchase Order Rollover
Performing the Budget Close Process
Analyzing Budget Closing Transactions
Managing Closed Budgets