Summary
With this we come to the end of the first chapter where we learned some critical concepts about PeopleSoft Financial applications. We also saw some of the important cross-module configuration activities needed for a working financial system. Here is what we learned.
A Chart of Accounts is the foundation of PeopleSoft financial applications. It includes various attributes that need to be recorded for each accounting transaction. These attributes are called chartfields. We can perform Standard or Advanced configuration to modify delivered chartfields according to our needs. It is always advisable to use standard configuration instead of advanced configuration.
Business Unit is an organizational unit that independently maintains its account ...
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