Common Elements Used in Accounting Structure

Field or Control	Description
FERC Code (Federal Energy Regulatory Commission code)	Federal Energy Regulatory Commission identification codes. This field appears only if you select FERC reporting on the PeopleSoft Inventory Options page.
ChartFields	Chart of accounts used to record accounting entries and journal entries in PeopleSoft.
Cost Element	Code used to categorize the different components of an item's cost and also define the debit and credit ChartFields for accounting entries.
Transaction Group	Predefined codes attached to different types of transactions, such as stocking, issues and adjustments.
Distribution Type	User-defined codes that are a subset of transaction groups. This enables you to break down a transaction group into customized categories.
Item Group	A grouping of items that enable you to design the accounting structure for a group of similar items, such as sporting equipment or dress shoes. The item group is attached to an item using the Item Definition - General page.