Financial management is an important aspect for any organization as it deals with expenses, cash, credit, profits, etc. It applies general management principles to the financial resources of the organization. It helps in planning, organizing, and controlling the financial activities within an organization so the chief persons can take financial-based decisions. PeopleSoft offers a product for financial management and supply chain management by combining Financials and SCM together called PeopleSoft FSCM.
Ans: The P2P cycle includes the following.
Ans: The prime attributes of a CI in PeopleSoft FSCM are,
Ans: Yes, People Tools 8.4x and People Tools 8.1x database can keep running on a similar machine. We should first check the database form required by People Tools is the same as the existing People Tools x usage.
Ans: Application Messaging is the medium through which PeopleSoft applications communicate with each other. For instance, the Financials Applications in PeopleTools can communicate with HRMS applications based out of PeopleTools through Application Messaging.
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Ans: It is usually a change in the existing money related administration strategy by selecting a new approach. Organizations have to roll out improvements/changes to the current proposal before the budgetary year ends. The changes are considered to enhance the results of some money related administration tasks. The associations find it painful to receive the changes as they have to coordinate the effect of changes to everything connected to the association.
Ans: To make sure that all the exercises/undertakings are guaranteed to get the best possible subsidizing, the budgetary analysis should be performed. All the choices should be taken with suitable counseling with the administration.
Ans: Client, Server, and Queue are the statuses available in the PeopleSoft Domain Status Menu page.
Ans:The Account Receivable in PeopleSoft contains 18 tables in total. Three of them are required, four are conditionally required, and the rest are optional. Below are the required and conditionally required tables.
Ans: These are the money related issues that an association confronts.
Ans: Restrictive credit limits the availability and use of credit by individuals and the organization. It limits the amount of money that can be borrowed. It is especially used in a situation where the organization creates deals or benefits on the wander gave by an outsider or another association.
Ans: The five unique elements of fund division in business are,
Ans: Earnings and deductions can be assigned by element and by the payee. They are not hardcoded in Global Payroll. A user can create their own earning and deduction rules online. While creating deduction rules, users should specify how to handle arrears processing and banking information.
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Ans: PeopleSoft Receivables is used to manage receivables by improving the overall quality of the receivables asset and decreasing the cost of working capital of an organization. It enables the users to enter and track receivables, receive and apply payments, manage outstanding receivables, payment disputes, and deductions.
PeopleSoft FSCM provides a 360-degree view of both customers and suppliers. It provides all the details of suppliers and customers, and the users can drill-down to view further details. Users will be able to compare customers side-by-side, making it easy to adopt by most of the companies. There are a lot of opportunities for PeopleSoft FSCM developers. So make sure that you are prepared well on the basics and key concepts of PeopleSoft FSCM.