Peoplesoft Finance Interview Questions & Answers

  1. Question 1. What Is The P2p Cycle?

    Answer :

    This Process includes Procurement to Payment cycle.

    • Requisition
    • Purchase Order
    • Receipt
    • Voucher
    • Payment
  2. Question 2. What Are The Main Attributes Of A Component Interface (ci)?

    Answer :

    Keys, Properties & Collections, Methods and Name.

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  4. Question 3. Is It Possible For A Peopletools 8.4 Xs And A Peopletools 8.1x Database To Run On The Same Machine?

    Answer :

    Yes, it’s possible. But it’s important to verify that the database version required by People Tools is the same as for the current People Tools x implementation.

  5. Question 4. Does Application Messaging Work Between 8.1x And 8.4x Applications?

    Answer :

    Application Messaging is used by PeopleSoft applications to communicate with one another. For example, the Financials Applications which are based on People Tools can communicate with HRMS applications, which are based on People Tools, using Application Messaging.

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  7. Question 5. Customization Is Done In Dev Db. Which Tool Can Be Used To Move It To Prod Db?

    Answer :

    Use App Designer and Go Tools > Copy Project > To Database.

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  9. Question 6. What Are The Statuses Available In Peoplesoft Domain Status Menu?

    Answer :

    Server, Client and Queue Status.

  10. Question 7. What Are Main Business Processes Of Accounts Payable?

    Answer :

    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.
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    Customer Relationship Management Interview Questions

  12. Question 8. What Are Parts Of An Ae Program?

    Answer :

    Section, Step and Action.

  13. Question 9. Which People Code Event Is Fired After The Database Is Updated?

    Answer :


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  15. Question 10. What Is Main Business Process Of Accounts Payable?

    Answer :

    • Create Vouchers and payments process using manual and automatic processes;
    • 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;
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  17. Question 11. What Are Most Important Tables In Accounts Receivables In Peoplesoft?

    Answer :

    • PS_ITEM
    • PS_ITE DST
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  19. Question 12. What Are Most Important Business Processes Of Accounts Receivable Modules?

    Answer :

    • 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.
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  21. Question 13. What Are The Different Payment Methods In Peoplesoft?

    Answer :

    System Check and EFT are two of the most common Payment Methods used by enterprises. Apart from these, PeopleSoft Payables also supports many other Payment Methods.

    They are:

    Most Common Payment Methods:

    • System Check
    • Electronic Funds Transfer — EFT

    Other Payment Methods:

    • Manual Check
    • Draft Customer Initiated
    • Draft Customer EFT
    • Draft Vendor Initiated
    • Automated Clearing House — ACH
    • Direct Debit
    • Giro-EFT
    • Giro-Manual
    • Letter of Credit
    • Wire Transfer
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  23. Question 14. What Are The Voucher Staging Tables Available In Peoplesoft?

    Answer :

    To load vouchers into PeopleSoft, we first load them into the Voucher Staging tables and then run the Voucher Build to create Vouchers from the staged data.


    These are two staging tables used to load data through voucher build process into main voucher tables.

  24. Question 15. What Are The Main Components For Setting The Hire Template In Peoplesoft?

    Answer :

    • Template Record/Field
    • Template Section
    • Template Category Table
    • Template Creation
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  26. Question 16. What Are The Methods Available To Update Workers Compensation Packages?

    Answer :

    • Seniority Pay Increases
    • Grade Advanced increases
    • Automatic step increases
    • Step increases using review bands
    • Amount increases
    • Percentage increases
  27. Question 17. What Is A Regulatory Region? What Is The Use Of Regulatory Region?

    Answer :

    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.

    Benefits of using regulatory region:

    When driven by Regulatory Region, the regulatory codes, People Code edits, and set processing in the system can vary by country and for each transaction.

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  29. Question 18. What Are All The Statuses Used To Define Templates?

    Answer :

    • Test (Default Value)
    • Active
    • Inactive
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  31. Question 19. List Out Different Kinds Of Organizational Relationships In Peoplesoft Hrms As Per The Person Model?

    Answer :

    Different organization relationships a person can have are:

    • Employee
    • Contingent worker
    • Person of Interest