Description

Training for PeopleSoft Asset Management Rel 9.2 through Update Image 14 teaches professionals about asset maintain and management, depreciation, asset reporting as well as accounting using this solution. Learn way to use the Financials Audit Framework to track transactions, manage and maintain both operating leases and capital and define and maintain and manage parent-child assets.

Radiant Teachlearning offers PeopleSoft Asset Management Rel 9.2 Training Program in Classroom and Virtual instructor Led/Online mode.

 

Duration: 4 days

 

Learning Objectives

  • Add and maintain capital and non-capital assets.
  • Retire and reinstate assets.
  • Depreciate assets.
  • Report on asset information.
  • Generate accounting entries for assets.
  • Set up Asset Management for maximum control and efficiency.
  • Use the Asset Management WorkCenter
  • Use the Mass Transaction Manager feature for assets and explore asset management with other PeopleSoft applications.
  • Configure the system and process transactions for asset depreciation, allocations, capital acquisition planning and tracking, like-kind exchanges and tax reporting.
  • Report and chart asset information
  • Maintain leased assets
  • Adjust, recategorize and transfer assets
  • Retire and reinstate assets
  • Maintain parent and child assets
  • Maintain asset book information
  • Allocate depreciation expense
  • Generate asset accounting entries
  • Integrate Asset Management with other PeopleSoft applications
  • Plan for capital asset acquisitions
  • Perform asset mass changes
  • Define general options
  • Set up Asset Management
  • Add and maintain assets
  • Depreciate assets (USA, FRA, JAP, GER, IND)

 

Benefits to You

By enrolling in this training program, professionals will learn way to effectively track assets and meet reporting needs. Expert Oracle University instructors will help professionals develop the understanding to fully execute the integration with other products. Furthermore, professionals will learn the skills to process Capital Assets efficiently and accurately, while effectively tracking financial and physical assets and meeting reporting needs. Professionals will also see way to track calculate depreciation, physical attributes, record tax and insurance requirements and budget for future acquisitions of organizational assets.

 

Automate the Asset Lifecycle

This training program will also teach professionals way to automate the asset lifecycle to reduce processing errors and optimize processing efficiencies. Professionals will see how Asset Management becomes a single source of truth for all your assets, which enables control and consistency across your business. Professionals can then leverage your other PeopleSoft applications – delivering accurate and real-time data so professionals can maximize the return on all your assets.

 

Efficiently Process Capital Assets

Finally, enrolling in this training program will help professionals accurately and efficiently process capital assets to properly recognize assets on the balance sheet and determine the most favorable depreciation schedule for both statutory as well as corporate reporting. By the end of this training program, professionals will also be able to confidently track all events affecting the financial recognition of your assets for their entire life, while maintaining and managing accurate financial records.

Pre-requisites

Required Prerequisite

  • Understanding of basic navigation and PeopleSoft concepts
  • Able to run processes and reports
  • Use of control tables to enforce business rule

Audience Profile

  • End User
  • Implementer

Course Content

Business Process Overview

  • Defining General Options
  • Setting Up Asset Management

Adding Assets

  • Integrating Asset Management with Other Products
  • Using the Asset Management WorkCenter

Maintaining Leased Assets

  • Adjusting, Recategorizing, Transferring, and Reversing Assets
  • Retiring and Reinstating Assets
  • Maintaining Parent-Child Assets

Depreciating Assets

  • Maintaining Asset Book Information
  • Reporting and Charting Asset Information

Generating Asset Accounting Entries

  • Allocating Depreciation Expense
  • Integrating with PeopleSoft General Ledger

Performing Mass Changes to Assets

FAQs

Q: What prerequisite knowledge do I need to have for this training?

 

A: One should be able to use the control tables to enforce business along with the knowledge of understanding basic navigation and PeopleSoft concepts

 

Q: What is the role of financial audit framework?

 

A: The centralized framework allows the user to identify the transaction statuses that need to be tracked. Moreover it enables one to search the audit log record on the basis of transaction status, source and user.

 

Q: What is meant by PeopleSoft General Ledger?

 

A: It’s a concatenated financial management solution that offers fully automated solution for legal management report.

 

Q: How is the useful life of an asset determined?

 

A: It’s an estimate of time for which how long an asset can be used to generate income including change in laws and economy.

 

Q: Why is depreciation of an asset so important?

 

A: Depreciation enables the organisations to generate revenue from the assets. It also accounts for the decreasing value carried over time.

 

Q: Are there any methods of depreciation?

 

A: Listed below are some methods of depreciation :-

  • Straight line
  • Double declining balance
  • Units of production
  • Sum of year digits

 

Q: Why one should prefer Radiant Techlearning ?

 

A: Radiant believes in practical and creative approach to training and development which distinguishes it from the other training and developmental platforms. Moreover training courses are undertaken by some of the experts who are having vast range of experience in their domain.

 

Q: What if I/we have doubts after attending your training program?

 

A: Radiant team of experts would be available on the e-mail support@radianttechlearning.com to answer your technical queries even after the training program.

 

Q: Does this training program include any project?

 

A: Yes, Radiant will provide you most updated high value and relevant real time projects and case studies in each training program.

 

Q: If I face technical difficulty during the session then is there any remedy for that?

 

A: Technical issues are unpredictable and might occur with us as well.   Participants have to ensure that they have access to the required configuration with good internet speed.

 

Q: What is schedule of training program?

 

A: Radiant Techlearning offers training programs on weekday, weekend and combination of weekday and weekend.  We provide you complete liberty to choose the schedule that suits to your need.

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