One of up to 30 different sections of your Accounting
Flexfield, which together make up your general ledger account code. Each
segment is separated from the other segments by a symbol you choose (such as -,
/, or \). Each segment typically represents an element of your business
structure, such as Company, Cost Center or Account.
One of the sections of an Accounting Flexfield, separated
from the other sections by a symbol you choose (such as -, /, or \). You can
have up to 30 different Accounting Flexfield segments. Each segment can be up
to 25 characters long. Each Accounting Flexfield segment typically captures one
element of your agency's structure, such as Fund, Division, Department, or
Program.
A series of characters and a description that define a
unique value for a particular value set.
The code you use to identify a general ledger account in an
Oracle Financials application. Each Accounting Flexfield segment value
corresponds to a summary or rollup account within your chart of accounts.
The account structure you define to fit the specific needs
of your organization. You choose the number of segments, as well as the length,
name, and order of each segment in your Accounting Flexfield structure.
A group of values and attributes of the values. For example,
the value length and value type that you assign to your account segment to
identify a particular element of your business, such as Company, Division,
Region, or Product.
A group of values and attributes of the values. For example,
the value length and value type that you assign to your Accounting Flexfield
segment to identify a particular element of your business, such as Company,
Division, Region, or Product.
Accounting Flexfield value set
A group of values and attributes of those values. For
example, the value length and value type that you assign to your account
segment to identify a particular element of your business, such as Company,
Division, Region, or Product.
A group of values and attributes of the values. For example,
the value length and value type that you assign to your Accounting Flexfield
segment to identify a particular element of your organization, such as Agency,
Division, Region, or Project.
A time period making up your fiscal year, used on financial
statements. They can be of any length, but are usually a month, quarter, or
year. Periods are defined in Oracle General Ledger.
Concerned with or formed for a particular purpose. For
example, ad hoc tax codes or an ad hoc database query.
The customer name or supplier name on a bank statement line.
Formerly an Oracle Payables feature, this was replaced by
Oracle Cash Management features in Release 10SC.
An Oracle Cash Management feature that allows you to
reconcile bank statements automatically. This process automatically reconciles
bank statement details with the appropriate batch, journal entry, or
transaction, based on user-defined system parameters and setup. Oracle Cash
Management generates all necessary accounting entries. See also reconciliation tolerance.
Receivables and payables transactions that are available to
be reconciled by Cash Management.
An Oracle Applications feature in the list window that
allows you to shorten a list so that you must scan only a subset of values before
choosing a final value. Just as AutoReduction incrementally reduces a list of
values as you enter additional character(s), pressing [Backspace] incrementally
expands a list.
A feature in the list window that allows you to choose a
valid value from the list with a single keystroke. When you display the list
window, you can type the first character of the choice you want in the window.
If only one choice begins with the character you enter, AutoSelection selects
the choice, closes the list window, and enters the value in the appropriate
field.
An acronym for the Banking Administration Institute. This
organization has recommended a common format that is widely accepted for
sending lockbox data. If your bank provides you with this type of statement,
you can use Bank Statement Open Interface to load your bank statement
information into Oracle Cash Management. See also Bank Statement Open Interface, .
The electronic statement file you receive from your bank
(for example, BAI format or SWIFT940). It contains all transaction information
that the bank has processed through your bank account.
A report sent from a bank to a customer showing all
transaction activity for a bank account for a specific period of time. Bank
statements report beginning balance, deposits made, checks cleared, bank
charges, credits, and ending balance. Enclosed with the bank statement are
cancelled checks, debit memos, and credit memos. Large institutional banking
customers usually receive electronic bank statements as well as the paper
versions.
bank statement tables
The primary database tables Oracle Cash Management works
with for each bank statement. Bank statement tables are populated manually or
by importing data from Bank Statement Open Interface. There are two tables for
each bank statement--a bank statement headers table and a bank statement lines
table. See also bank statement.
The database interface tables that must be populated when
you automatically load an electronic bank file into Oracle Cash Management. The
Bank Statement Open Interface consists of one header and multiple detail lines
for each bank statement.
The transaction code used by a bank to identify types of
transactions on a bank statement, such as debits, credits, bank charges, and
interest. You define these codes for each bank account using the Cash
Management Bank Transaction Codes window.
The standard format of electronic funds transfer used in the
United Kingdom. You can refer to the BACS User Manual, Part III: Input Media
Specifications, published by the Bankers Automated Clearing System, for the
exact specifications for BACS electronic payments.
(BOE) A method of payment involving the transfer of funds
between bank accounts, where one party promises to pay another a specified
amount on a specified date.
The highest level of organization and the largest grouping
of employees across which a company can report. A business group can correspond
to an entire company, or to a specific division within the company.
The cash clearing account you associate with a payment
document. You use this account if you integrate Oracle Payables with Oracle
Cash Management, or if you generate future dated payment documents. Oracle
Payables credits this account instead of your Asset (Cash) account and debits
your Liability account when you post uncleared payments. Oracle Payables debits
this account and credits your Asset (Cash) account once you clear your payments
in Oracle Cash Management. You must enable the Allow Reconciliation Accounting
Payables option to be able to enter a cash clearing account for a bank account
and payment document.
Cash receipts minus cash disbursements from a given
operation or asset for a given period.
Projection or estimate of cash position based on estimated
future sales, revenue, earnings, or costs.
A classification of account segment values that assigns a
particular range of values a common characteristic. For example, 1000 to 1999
might be the range of segment values for assets in the account segment of your
accounting flexfield.
A bill of exchange drawn on a bank and payable on demand.
Or, a written order on a bank to pay on demand a specified sum of money to a
named person, to his or her order, or to the bearer out of money on deposit to
the credit of the maker.
A check differs from a warrant in that a warrant is not necessarily payable on demand and may not be negotiable. It differs from a voucher in that a voucher is not an order to pay.
A check differs from a warrant in that a warrant is not necessarily payable on demand and may not be negotiable. It differs from a voucher in that a voucher is not an order to pay.
A process that assigns a cleared date and status to a
transaction and creates accounting entries for the cash clearing account. See
also manual clearing,
reconciliation.
An account used to ensure that both sides of an accounting
transaction are recorded. For example, when you purchase an asset, your payables
group creates a journal entry to the asset clearing account. When your fixed
assets group records the asset, they create another journal entry to the asset
clearing account to balance the entry from the payables group.
A unique facility that manages many time-consuming,
non-interactive tasks within Oracle Applications for you, so you do not have to
wait for their completion. When you submit a request in Oracle Applications
that does not require your interaction, such as releasing shipments or running
a report, the Concurrent Manager does the work for you, enabling you to
complete multiple tasks simultaneously.
A non-interactive task that you request Oracle Applications
to complete. Each time you submit a non-interactive task, you create a new
concurrent process. A concurrent process runs simultaneously with other
concurrent processes (and other interactive activities on your computer) to
help you complete multiple tasks at once.
A list of concurrent requests awaiting completion by a
concurrent manager. Each concurrent manager has a queue of requests waiting to
be run. If your system administrator sets up your Oracle Application to have
simultaneous queuing, your request can wait to run in more than one queue.
A request to Oracle Applications to complete a
non-interactive task for you. You issue a request whenever you submit a
non-interactive task, such as releasing a shipment, posting a journal entry, or
running a report. Once you submit a request, Oracle Applications automatically
takes over for you, completing your request without further involvement from
you or interruption of your work.
An exchange rate you can optionally use to perform foreign currency
conversion. The corporate exchange rate is usually a
standard market rate determined by senior financial management for use
throughout the organization. You define this rate in Oracle General Ledger.
conversion. The corporate exchange rate is usually a
standard market rate determined by senior financial management for use
throughout the organization. You define this rate in Oracle General Ledger.
A basic data storage structure in a relational database
management system. A table consists of one or more units of information (rows),
each of which contains the same kind of values (columns). Your application's
programs and windows access the information in the tables for you.
A field that your organization can extend to capture extra
information not otherwise tracked by Oracle Applications. A descriptive
flexfield appears in your window as a single character, unnamed field. Your
organization can customize this field to capture additional information unique
to your business.
Used to uniquely number documents, such as bank statements
in Cash Management and invoices in Receivables. A Document Sequence has a
sequence name, an initial value, and a type of either Automatic or Manual.
A number that is manually or automatically assigned to your
documents to provide an audit trail. For example, you can choose to
sequentially number invoices in Oracle Receivables or journal entries in Oracle
General Ledger. See also voucher number.
EFT
A method of payment in which your bank transfers funds
electronically from your bank account into another bank account. In Oracle
Payables, your bank transfers funds from your bank account into the bank
account of a supplier you pay with the Electronic payment method.
A rate that represents the amount of one currency that you
can exchange for another at a particular point in time. Oracle Applications use
the daily, periodic, and historical exchange rates you maintain to perform
foreign currency conversion, revaluation, and translation.
A specification of the source of an exchange rate. For
example, a user exchange rate or a corporate exchange rate. See also corporate exchange rate, spot exchange rate.
The difference between the exchange rate for a
foreign-currency invoice and its matched purchase order. Payables tracks any
exchange rate variances for your foreign-currency invoices.
A flexible entry and display window in which you can choose
the fields you want to see and where each appears in the window. See: Customizing the Presentation of Data.
A currency that you define for your set of books for
recording and conducting accounting transactions in a currency other than your
functional currency. See also exchange rate,
functional currency.
The difference in your functional currency between the
invoiced amount and the payment amount when applying a receipt to an invoice. A
realized gain exists if the receipt amount in your functional currency exceeds
the invoice amount; a loss exists if the invoice amount in your functional
currency exceeds the amount of the payment. Such gains and losses arise from
fluctuations in exchange rates of the receipt currency between the invoice date
and the payment date. See also realized gain or loss, unrealized gain or loss.
An Oracle Applications feature that lets you control user
access to certain functions and windows. By default, access to functionality is
not restricted; your system administrator customizes each responsibility
at your site by including or excluding functions and menus in the
Responsibilities window.
The principal currency you use to record transactions and
maintain accounting data within Cash Management. The functional currency is
usually the currency in which you perform most of your business transactions.
You specify the functional currency for each set of books in the Set of Books
window.
The accounting system that tracks the journal entries that
affect each account.
The date used to determine the correct accounting period for
your accounting transactions.
A journal entry from a non-Oracle application, such as
accounts payable, accounts receivable, and fixed assets. You use Journal Import
to import these journal entries from your feeder systems.
interface table
A temporary database table used for transferring data
between applications or from an external application. See also database table.
A document that you create in Oracle Receivables that lists
amounts owed for the purchases of goods or services. This document also lists
any tax, freight charges, and payment terms.
A number or combination of numbers and characters that
uniquely identifies an invoice within your system. Usually generated
automatically by your receivables system to avoid assigning duplicate numbers.
A Oracle General Ledger program that creates journal entries
from transaction data stored in the Oracle General Ledger GL_INTERFACE table.
Journal entries are created and stored in GL_JE_BATCHES, GL_JE_HEADERS, and
GL_JE_LINES.
A one-word message that Oracle Applications displays in the
message line of any window to notify you that a particular feature is available
for a particular field.
A service that commercial banks offer corporate customers to
enable them to outsource their accounts receivable payment processing. Lockbox
processors set up special postal codes to receive payments, deposit funds and
provide electronic account receivable input to corporate customers.
The process where, prior to receiving their bank statement,
users mark transactions that are known to be cleared through the bank, which
creates an up-to-date cash position. These cleared transactions are still
available for the actual reconciliation process. Once the bank statement is
received, Oracle Cash Management can automatically perform all appropriate
reconciliation steps. See also clearing.
The process where you manually reconcile bank statement
details with the appropriate batch or detail transaction. Oracle Cash
Management generates all necessary accounting entries. See also AutoReconciliation, reconciliation.
A journal entry you enter at a computer terminal. Manual
journal entries can include regular, statistical, intercompany and foreign currency entries.
entries.
A journal entry you create online using the Enter Journals
window. Manual journal entries include regular, statistical, interfund, and foreign currency journal entries.
journal entries.
The process where batches or detailed transactions are
associated with a statement line based on the transaction number, amount,
currency and other variables, taking Cash Management system parameters into
consideration. In Oracle Cash Management, matching can be done manually or
automatically. See also clearing,
reconciliation.
A line on the bottom of a window that displays helpful hints
or warning messages when you encounter an error.
A feature that lets you record payments that you do not
apply to debit items, such as refunds and interest income.
The ability to define multiple organizations and the
relationships among them within a single installation of Oracle Applications.
These organizations can be sets of books, business groups, legal entities,
operating units, or inventory organizations.
An Oracle General Ledger feature that allows you to report
in your functional currency and in one or more foreign currencies.
.
National Automated Clearing House Association. This is the
US system for making direct deposit payments to employees.
Any transaction not created by an Oracle Financial
Applications system. See also Reconciliation Open Interface.
A business unit such as a company, division, or department.
Organization can refer to a complete company, or to divisions within a company.
Typically, you define an organization or a similar term as part of your account
when you implement Oracle Financials. See also business group.
Any form of remittance, including checks, cash, money
orders, credit cards, and Electronic Funds Transfer.
The date on which the status of an invoice is updated to
'Paid.' Cash Management uses the payment date as the GL Date for each payment.
In Payables, you can assign a payment method to suppliers,
supplier sites, invoice payment schedule lines, and payment formats. You can
then assign one or more payment formats to a bank account. You can have
multiple payment formats for each payment method. Receivables payment methods
let you associate receipt class, remittance bank and receipt account
information with your receipt entries. You can define payment methods for both
manual and automatic receipts. In Payroll, there are three standard payment
types for paying employees: check, cash and direct deposit. You can also define
your own payment methods corresponding to these types.
A group of employees that Oracle Payroll processes together
with the same processing frequency, for example, weekly, monthly or bimonthly.
Within a Business Group, you can set up as many payrolls as you need. See also payroll run.
The process that performs all of the payroll calculations.
You can set payrolls to run at any interval you want. See also payroll.
Third party or custom software that formats the output file
of the Payables Positive Pay Report into the format required by your bank, and
transmits it electronically to your bank. This prevents check fraud by
informing the bank which checks are negotiable or non-negotiable and for what
amount.
The process of updating account balances in your general
ledger from journal entries. You can initiate posting in Oracle Payables and
Oracle Receivables. You must use your general ledger to create journal entries
and post the journal entries to update your account balances. Note that Oracle
Applications sometimes use the term posting to describe the process of
transferring posting information to your general ledger.
A set of changeable options that affect the way your
applications run. In general, profile options can be set at one or more of the
following levels: site, application, responsibility, and user. Refer to the
Cash Management Profile Option appendix for more information.
The actual gain or loss in value that results from holding
an asset or liability over time. Realized gains and losses are shown separately
on the Income Statement. See also unrealized gain or loss, foreign currency exchange gain or loss.
Automatic receipt processing steps that you relate to your
payment methods. You can choose whether to confirm, remit, and clear automatic
receipts.
Payment received in exchange for goods or services. These
include applied and unapplied receipts entered within the GL date range that
you specified.
Predefined Oracle Receivables activities used to define the
general ledger accounts with which you associate your receivables activities.
The process of matching bank statement lines to appropriate
batches and detail transactions and creating all necessary accounting entries.
See also reconciliation tolerance, AutoReconciliation.
This interface lets you reconcile with payments and receipts
from external systems.
A variance amount used by Cash Management's
AutoReconciliation program to match bank statement lines with receivables and
payables transactions. If a transaction amount falls within the range of
amounts defined by a bank statement line amount, plus/minus the reconciliation
tolerance, a match is made. See also AutoReconciliation.
The bank in which you deposit your receipts.
A group of reports that you submit at the same time to run
as one transaction. A report set allows you to submit the same set of reports
regularly without having to specify each report individually. For example, you
can define a report set that prints all of your regular month-end management
reports.
A quick way to enter key flexfield data using shorthand
aliases (names) that represent valid flexfield combinations or patterns of
valid segment values. Your organization can specify flexfields that will use
shorthand flexfield entry and define shorthand aliases for these flexfields
that represent complete or partial sets of key flexfield segment values.
A daily exchange rate you use to perform foreign currency conversions. The spot exchange rate is usually a quoted
market rate that applies to the immediate delivery of one currency for another.
conversions. The spot exchange rate is usually a quoted
market rate that applies to the immediate delivery of one currency for another.
A status line appearing below the message line of a root
window that displays status information about the current window or field. A
status line can contain the following: ^ or v symbols indicate
previous records before or additional records following the current record in
the current block; Enter Query indicates that the current block is in
Enter Query mode, so you can specify search criteria for a query; Count
indicates how many records were retrieved or displayed by a query (this number
increases with each new record you access but does not decrease when you return
to a prior record); the <Insert> indicator or lamp informs
you that the current window is in insert character mode; and the <List>
lamp appears when a list of values is available for the current field.
A business or individual that provides goods or services or
both in return for payment.
SWIFT940
A common format used by many banks to provide institutional
customers with electronic bank statements. If your bank provides you with this
type of statement, you can use Bank Statement Open Interface to load your bank
statement information into Oracle Cash Management. See also Bank Statement Open Interface, bank statement.
The area in which an Oracle database is divided to hold
tables.
You define transaction codes that your bank uses to identify
different types of transactions on its statements. For example, your bank may
use transaction codes T01, T02, and T03 to represent debit, credit, and stop
payment.
Transaction types determine how Cash Management matches and
accounts for transactions. Cash Management transaction types include
Miscellaneous Receipt, Miscellaneous Payment, Non-Sufficient Funds (NSF),
Payment, Receipt, Rejected, and Stopped.
The measured change in value of an asset or liability over
time. Oracle Payables provides a report (the Unrealized Gain and Loss Report)
that you can submit from the standard report submission form at any time to
review your unrealized gains and losses. See also realized gain or loss.
Data you enter in a parameter. A value can be a date, a
name, or a code, depending on the parameter.
A group of values and related attributes you assign to an
account segment or to a descriptive flexfield segment. Values in each value set
have the same maximum length, validation type, alphanumeric option, and so on.
A number used as a record of a business transaction. A
voucher number may be used to review invoice information, in which case it
serves as a unique reference to a single invoice.
No comments:
Post a Comment