Commitment Control Rel 9.1

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Description

This course teaches the fundamental concepts and features of PeopleSoft Commitment Control. Students gain working knowledge of the issues involved in a standard Commitment Control implementation.

The students create their own business units and the setup of Commitment Control, defining budgets, and then creating budget journals, and budget checking transactions. They create budgets and budget check transaction through the Procure-to-Pay cycle, Project Costing and Expenses. The course concludes with conducting the budget close, and options associated with closing your budget and rolling over open purchase orders to the next budget period.

Learn to:
  • Set up Commitment Control
  • Define budgets

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This course teaches the fundamental concepts and features of PeopleSoft Commitment Control. Students gain working knowledge of the issues involved in a standard Commitment Control implementation.

The students create their own business units and the setup of Commitment Control, defining budgets, and then creating budget journals, and budget checking transactions. They create budgets and budget check transaction through the Procure-to-Pay cycle, Project Costing and Expenses. The course concludes with conducting the budget close, and options associated with closing your budget and rolling over open purchase orders to the next budget period.

Learn to:
  • Set up Commitment Control
  • Define budgets
  • Create budget journals and budget checking transaction
  • Conduct budget close

A Live Virtual Class (LVC) is exclusively for registered students; unregistered individuals may not view an LVC at any time. Registered students must view the class from the country listed in the registration form. Unauthorized recording, copying, or transmission of LVC content may not be made.


Audience
  • Functional Implementer

Course Topics Setting Up PeopleSoft Commitment Control
  • Setting Up Commitment Control Options
  • Explaining the PeopleSoft Commitment Control Infrastructure
  • Setting Up Commitment Control Ledgers
  • Setting Up Commitment Control Budget Periods
  • Setting Up Translation Trees
  • Setting Up Commitment Control Budget Rules and Attributes
  • Applying Commitment Control Ledger Groups to a PeopleSoft General Ledger Business Unit
  • Explaining Associated Expenditures and Revenue Budgets
Setting Up Commitment Control Security
  • Explaining the PeopleSoft Commitment Control Security Setup Steps
  • Identifying Commitment Control Security Chart Field Values
  • Setting Up Security Events
  • Setting Up Security Event Rules
  • Configuring Security Rules for Users
  • Applying Commitment Control Security to Your PeopleSoft System
Preparing Commitment Control Budgets
  • Identifying the Phase in the Implementation Lifecycle for Preparing Budgets
  • Explaining the Budget Preparation Process
  • Creating a Commitment Control Budget
  • Creating Budget Journals From a Flat File
  • Performing a Budget Transfer
  • Managing Your Budget
  • Analyzing Your Budget
Managing Budget Checking and Exception Processing
  • Identifying the Implementation Phase for Managing Budget Checking
  • Explaining the Budget Checking Process
  • Identifying PeopleSoft Commitment Control Source Transactions
  • Demonstrating the Budget Checking Process Using PeopleSoft General Ledger
  • Evaluating Budget Checking Statuses
  • Managing Budget Exceptions
Managing the Procure-to-Pay Life Cycle Using Commitment Control
  • Identifying the Implementation Phase for Managing the Procure-to Pay Life Cycle
  • Illustrating the Procure-to-Pay Life Cycle Using PeopleSoft Commitment Control
  • Preparing a Requisition
  • Managing the Pre-Encumbrance Ledger
  • Preparing a Purchase Order
  • Managing the Encumbrance Ledger
  • Preparing a Voucher
  • Managing the Expenditure Ledger
Managing Project Budgets using PeopleSoft Commitment Control
  • Identifying the Implementation Phase for Managing Project Budgets
  • Illustrating the relationship between PeopleSoft Commitment Control and PeopleSoft Project Costing
  • Explaining the Structure of a Project
  • Setting Up a Project
  • Setting up a Project Budget
  • Adding a Project Budget
  • Evaluating Project Source Transactions
  • Using Funding Source Control
Managing Expense Budgets Using PeopleSoft Commitment Control
  • Budget-Checking Expense Transactions
  • Reviewing Travel Authorization Budget Exceptions
  • Reviewing Expense Report Budget Exceptions
  • Rolling Over Travel Authorization Encumbrances to a New Budget Period
Managing Commitment Control Budget Closing
  • Explaining the Budget Closing Process
  • Preparing Your System to Close Out Budgets
  • Setting Up Budget Closing Rules
  • Setting Up Budget Closing Sets
  • Demonstrating End of Year Purchase Order Rollover
  • Performing the Budget Close Process
  • Analyzing Budget Closing Transactions
  • Managing Closed Budgets

Course Objectives
  • Prepare the System for PeopleSoft Commitment Control Implementation
  • Create Commitment Control Budgets
  • Manage the Budget Checking Process
  • Manage Budgets
  • Describe PeopleSoft Commitment Control and Key Features

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