The explanatory diagrams below are taken from the FRS Departmental Quick Reference Card . An FRS Account can be established for various purposes. The term attribute is applied to the elements of descriptive data that are maintained as an integral part of each FRS Account within the FRS system. FRS has the capability of maintaining up to 1500 characters of attribute descriptive data. Attributes can be modified or added to at the user s discretion, with no impact to anyone posting other data such as budgets, receipts, disbursements, encumbrances, or journal entries.
Attributes define and track selected criteria for reporting purposes.
General Ledger module combines an integrated financial database with powerful General Ledger accounting, budget control, financial analysis, inquiry, and reporting features to meet unique reporting and operational demands. In constructing the General Ledger and its chart of accounts, PeopleSoft endeavored to build scalability and flexibility into every aspect of the module. This enables an organization to respond quickly to changing financial management requirements that may result from the reevaluation, restructure, reorganization, or reengineering of operational processes. The following is a summary of the key features that the PeopleSoft General Ledger module offers in support of the development of a new chart of accounts. Flexible Design PeopleSoft provides the ability to establish chart of accounts, ledgers, calendars, organizational structures, reporting requirements, and accounting procedures that mirror the operation of an organization.