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Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation by Ranjeet Yadav

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Chapter 1. PeopleSoft Financials Fundamentals

Before we delve into studying the PeopleSoft Financials applications, we need to understand that it is primarily an ERP application, meant to be used as a transaction processing system. Its core philosophy is driven by the need to record, process, and report accounting transactions of an organization.

In this chapter, we'll establish the understanding of core concepts of PeopleSoft applications—such as Chart of Accounts, Business units, SetIDs, Banks, User preferences, and related configurations. We'll also learn how to use an important tool known as Setup Manager, which is used in implementing PeopleSoft applications.

Note that these concepts are not related to a specific module and serve as the foundation ...

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