Defining Account Types, Accounts, and Account Nodes

This section provides an overview of account types, accounts, and account nodes and discusses how to:

Define account types.
Define accounts.
Define account nodes.

Pages Used to Define Account Types and Accounts

Page Name	Definition Name	Navigation	Usage
Account Types	ACCT_TYPE	select EPM Foundation, then select Business Metadata, then select Business Framework, then select Account Types	Define account types to assign to each account. Account types typically designate balance sheet or income statement accounts.
Accounts	ACCOUNT_TBL1	select EPM Foundation, then select Business Metadata, then select Business Framework, then select Accounts	Define accounts.
Account Nodes	PF_ACCT_NODE_DFN	select EPM Foundation, then select Business Metadata, then select Business Framework, then select Account Nodes	Define the account nodes that you use to assign accounts to an account tree.

Understanding Account Types, Accounts, and Account Nodes

Accounts categorize monetary values stored in ledgers and classify the nature of a transaction. Typically you can load subsidiary ledger accounts by using the extract, transform, and load (ETL) tool within PeopleSoft EPM, but you may need to create the accounts used by your consolidation ledger.

Account types categorize accounts that normally appear on a balance sheet versus those that appear on an income statement, and also specify whether or not accounts are balance forward accounts. You need to define your organization's account types and assign the balance forward flag appropriately. When you define a new account, you associate it with an account type.

Account nodes are used with account trees to associate detailed accounts with the tree. In this example, the account nodes CASH, RECEIVABLES, INTERUNITREC, and INVENTORIES are all assigned ranges of detailed accounts.

Image: Account Rollup Tree showing account nodes and their associated accounts

This example illustrates the fields and controls on the Account Rollup Tree showing account nodes and their associated accounts. You can find definitions for the fields and controls later on this page.

Account Types Page

Use the Account Types page (ACCT_TYPE) to define account types to assign to each account.

Account types typically designate balance sheet or income statement accounts.

Navigation

select EPM Foundation, then select Business Metadata, then select Business Framework, then select Account Types

Image: Account Types page

This example illustrates the fields and controls on the Account Types page. You can find definitions for the fields and controls later on this page.

Balance Forward

The Balance Forward check box, in combination with the Consolidation Ledger Format Option, controls how the account data is stored and processed.

Select the Balance Forward check box to store and/or process the data for that account type as an end-of-period balance.
Clear the Balance Forward check box to store and/or process the data for the account type as a period-activity amount.

For financial statement ledgers, you typically you define asset, liability, and equity accounts as balance forward accounts, but not revenue or expense amounts.

For trial balance ledgers, amounts are always stored as period activity. The balance forward flag is used in inquiries which use the Period Balance/Period Activity option.

When you define accounts by using the Accounts page, the accounts adopt the balance forward attribute of the account type that you assign to them.

Accounts Page

Use the Accounts page (ACCOUNT_TBL1) to define accounts.

Navigation

select EPM Foundation, then select Business Metadata, then select Business Framework, then select Accounts

Image: Accounts page

This example illustrates the fields and controls on the Accounts page. You can find definitions for the fields and controls later on this page.

Monetary Account Type

Select the account type associated with this account.

Within the Account region, indicate which application this account is associated with.

GL Account

Select for your Global Consolidation accounts. This indicates that the account is a transaction-based account.

The remaining fields on this page do not apply to PeopleSoft Global Consolidations.

Account Nodes Page

Use the Account Nodes page (PF_ACCT_NODE_DFN) to define the account nodes that you use to assign accounts to an account tree.

Navigation

select EPM Foundation, then select Business Metadata, then select Business Framework, then select Account Nodes

Image: Account Nodes page

This example illustrates the fields and controls on the Account Nodes page. You can find definitions for the fields and controls later on this page.

On the Account Nodes page, define account nodes which you will later associate with trees and assign accounts to. The Account Nodes page displays an Effective Date, Status, and Description for each node.