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Peoplesoft Financials Interview Questions and Answers

Explain what does PeopleSoft query is used for?
PeopleSoft query is a way to generate ad-hoc and scheduled reports quickly from any source data stored in your PeopleSoft tables. User can build and execute queries using any supported web browsers.

Explain in what ways you can create exceptions in PeopleSoft?
In PeopleSoft, exceptions are handled in two ways
creating an exception base class that wraps the built-in function call and handles its function parameters consistently, which is more common way
By calling the built-in function Create Exception

Peoplesoft Financials

What is main business process of Accounts Payable?
Payables Business process overview:
• Create Vouchers and payments process using manual and automatic processes.
• Country-specific tax withholding
• Matching the vouchers with the purchase orders and receipts
• Post the vouchers
• Maintain vouchers throughout their life cycle.
• Create drafts, single voucher payment, prepayments, and self-billed invoices.
• Optionally, send electronic payments to PeopleSoft Financial Gateway.
• Analyze accounts payable information using online inquiries, and by generating reports.
• Archive accounts payable data

What are the main components for setting the hire template in PeoplfSoft?
Template Record/Field
Template Section
Template Category Table
Template Creation

What are the methods available to update worker’s compensation packages?
Seniority Pay Increases
Grade Advance increases
automated step increases

What is a regulatory region? What is the use of regulatory region?
A regulatory region is a region which has laws and regulations that are used by functionality in PeopleSoft HRMS. A lot of transactions are driven by regulatory requirements. These requirements include areas like ethnicity, disability, and health and safety.
What are all the statuses used to define templates?
Test (Default Value)
Active
Inactive

List out different kinds of organizational relationships in PeopleSoft HRMS as per the person model?
Different organization relationships a person can have are:
Employee
Contingent worker
Person of Interest

What are all the statuses available on the template hire status page?
Pending Hires
Cancelled Hires
Processed Hires

How is international assignments security implemented?
PeopleSoft delivers three options for International Security:
i) Home can see Host
ii) Host can see Home
iii) Both
International Security can be setup by navigating to:
Setup HRMS -> Security -> Core Row Level Security -> Security Installation Settings

A customer asks you to set up a medical plan on the Benefit Plan Table. Which table must you set up first?
Provider/Vendor Table
On the Job Earnings Distribution Page, what are three ways you can distribute the employee’s compensation?
To a different Department, To a different Job Codes and/or Position and To a different General Ledger Type.

What is the purpose of EMPLOYEES table in PS? How is this table populated?
EMPLOYEES table is a current employee information table. This is primarily used in interfacing with third party systems or in business reporting as well in conjunction with EMPLOYMENT which is now a view.

Peoplesoft Financials

What are most important tables in Accounts Receivables in PeopleSoft?
PS_ITEM
PS_ITEM_ACTIVITY
PS_ITEM_DST
PS_PENDING_ITEM
PS_PENDING_DST
PS_GROUP_CONTROL
PS_DEPOSIT_CONTROL
PS_PAYMENT
PS_PAYMENT_ID_CUST
PS_PAYMENT_ID_ITEM

What are most important business processes of Accounts Receivable modules?
– Loading Pending items from Billing/External systems
– Entering Pending Recv items info into Pplsoft system
and update the AR system with these data inputs(AR_UPDATE)
– Entering any deposits recvd in the system and update the
AR System (using AR_UPDATE).
– Processing Refunds.
– Worksheets (Payment/Maintenance/Transfer) for performing
matching operations for inbound funds against outbound
funds.
– Predict Payments, Receive Payments through Lockboxes and
update the AR system as items received. (AR_UPDATE)
– Generate Accounting Entries for entries originated in
Peoplesoft AR system / External system.

January 25, 2020
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