Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation

Creating accounting entries

Because Asset Management is a part of financial applications, one of its important functions is to maintain accounting entries for various asset transactions. We saw that PeopleSoft offers the following delivered transaction types: ADD, ADJ, TRF, RCT, DPR, PDP, RET, LPY, and INF. These represent various transactions for which accounting entries are created.

In PeopleSoft AM, there are two different processes that create accounting entries:

• Accounting Entry Creation (AM_AMAEDIST), which creates accounting entries for all non-depreciation transactions
• Depreciation Close (AM_DPCLOSE), which creates accounting entries only for depreciation in an accounting period

Note

Every time a transaction such as asset addition, adjustment, ...