Asset Management Rel 9.1; Training-on-Demand

There is a focus on implementation considerations for PeopleSoft Asset Management throughout this course, along with asset maintenance, depreciation, asset accounting and reporting. The Financials Audit Framework is used to track transactions in this course. They learn how to manage both capital and operating leases as well as define and maintain parent-child assets. This course discusses how to revalue assets including investment property and how to use the Fair Value Processing feature. They learn to use the Mass Change feature for assets. Integration of Asset Management with other PeopleSoft applications is explored.

Through detailed activities, participants learn how to configure the system and process transactions for asset depreciation, allocations, capital acquisition planning and tracking, like-kind exchanges, and tax reporting.

Learn To:

• Set up and maintain capital acquisition plans
• Define your Asset Management system structure
• Add assets and perform asset maintenance
• Process depreciation and period-end close
• Inquire and report on asset information
• Integrate Asset Management with other PeopleSoft applications

Course subjects

Business Process Overview

• Defining the Asset Lifecycle Management (ALM) Solution
• Describing the Asset Transaction Flow
• Describing Asset Management System Integration
• Describing the Implementation of Asset Management
• Describing the Conversion Process for Asset Management
• Navigating through Asset Management
• Finding Sources of Information about Asset Mgmt in PeopleBooks

Defining General Options

• Setting Up Installation Options
• Defining User Preferences
• Defining Locations, Calendars and ChartField Values

Setting Up Asset Management

• Creating Asset Books and Asset Management Business Units
• Defining Open Periods
• Setting Up VAT Defaults and Other Delivered Tables
• Setting Up Depreciation Processing Information
• Defining Tax Information for Assets
• Setting Up Additional Asset Management Components
• Creating Asset Profiles
• Setting Up the Capitalization Threshold Feature

Adding Assets

• Describing the Methods for Adding Assets Online
• Describing the Tables Used for Asset Management
• Adding Assets Using Express Add and Basic Add
• Defining Asset Operational Information and Hazardous Assets
• Copying Assets
• Using the Asset Search Utility
• Adding Assets from a Microsoft Excel Spreadsheet
• Using Transaction Currency

Managing Asset Insurance, Maintenance, Warranties and Repair

• Tracking Asset Insurance
• Defining and Tracking Asset Maintenance
• Tracking Asset Maintenance Contracts
• Creating and Applying Asset Warranties
• Reviewing Maintenance History

Maintaining Leased Assets

• Describing Lease Types
• Defining Lease Payment Schedules
• Creating Leased Assets
• Defining Step Leases
• Updating Lease Information
• Generating Lease Reports

Adjusting, Recategorizing and Transferring Assets

• Adjusting Asset Information
• Reviewing Asset Cost History
• Using the Financials Audit Framework
• Recategorizing Assets
• Transferring Assets Within a Business Unit (IntraUnit)
• Transferring Assets Between Business Units (InterUnit)
• Reviewing and Approving Asset Transfer Requests

Revaluing Assets

• Describing Asset Revaluation
• Defining Fair Value Processing
• Defining Investment Property
• Revaluing Assets

Retiring and Reinstating Assets

• Describing Asset Retirements
• Retiring Assets Manually
• Retiring Fully Depreciated Assets Automatically
• Using the Disposal Worksheet to Retire Assets
• Describing Retirement Integration with Other PeopleSoft Products
• Reviewing the Net Book Value of Parent-Child Assets
• Reinstating Assets

Maintaining Parent and Child Assets

• Describing Parent and Child Asset Relationships
• Adding Parent and Child Assets
• Adding a Parent Asset as a Reporting Umbrella
• Updating Basic Information for Parent-Child Assets
• Adjusting Parent and Child Assets
• Recategorizing Parent and Child Assets
• Performing Transfers of Parent and Child Assets
• Retiring Parent and Child Assets

Depreciating Assets

• Describing How Asset Management Calculates Depreciation
• Reviewing and Modifying Open Transactions
• Performing the Depreciation Calculation Process
• Describing the Remaining Value and Life-to-Date Depreciation Methods
• Reviewing the NBV of Parent-Child Assets
• Recalculating Depreciation and Executing What-If Calculations

Depreciating Assets - France

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

Depreciating Assets - India

• Describing Depreciation Processing for India
• Processing Tax Depreciation for India

Depreciating Assets - Japan

• Descibing Japanese Depreciation Methods
• Using the Extended Depreciation Worksheet
• Using Special and Increased Depreciation Methods
• Using Advanced Depreciation
• Using Composite Depreciation
• Setting Up Currency Rounding Options
• Generating Local Tax Reports
• Calculating Consumption Tax (VAT) When Selling Retired Assets

Maintaining Asset Book Information

• Describing Asset Books and Required Information for Calculating Depreciation
• Reviewing Changes Made to Asset Books

Reporting and Charting Asset Information

• Describing Asset Management Reporting Options
• Generating Asset Management Reports from Batch Processes
• Generating Asset Management Reports Online
• Managing and Viewing the Asset Component Hierarchy
• Generating Asset Management Charts

Generating Asset Accounting Entries

• Creating and Reviewing Asset Accounting Entries
• Summarizing Cost Rows
• Closing Depreciation
• Closing Asset Accounting Periods
• Listing Common Month-End Processes
• Validating and Securing ChartFields

Allocating Depreciation Expense

• Describing Depreciation Allocation
• Defining Transaction Groups
• Setting Up the Depreciation Allocation Business Process
• Creating Allocation Entries

Integrating with PeopleSoft General Ledger and Other PS Products

• Defining the General Ledger to Accept Journal Entries
• Defining the Link Between Asset Management and General Ledger
• Running the Journal Generator Process
• Integrating with PeopleSoft Purchasing and Payables
• Using On-Demand Processing
• Consolidating and Unitizing Assets
• Running the Transaction Loader Process
• Integrating with Project Costing, Billing, Strategic Sourcing, and Budgeting

Planning for Capital Asset Acquisitions

• Describing Asset Budgeting and Capital Acquisition Planning
• Defining Capital Acquisition Plans (CAP)
• Linking Assets to a CAP
• Reviewing and Adjusting CAP information

Performing Mass Changes to Assets

• Describing Mass Changes to Asset Information
• Defining a Mass Change
• Running the Mass Change Process
• Reviewing the Results of a Mass Change
• Running the Transaction Loader Process

Final Course Activity

• Defining the Control Tables Needed to Perform Transactions
• Performing Functions to Create Open Transactions
• Calculating Depreciation on Open Transaction
• Creating Accounting Entries and Running Depreciation Close
• Running the Journal Generator Process
• Viewing Results