Common Elements Used to Understand Cost Structure

Field or Control	Description
Book Name	The name of the cost book. A book contains a set of accounting entries that are posted to ledgers in the general ledger. An inventory business unit can have one or more cost books that post to ledgers within a ledger group in the general ledger.
Ledger Group	Within PeopleSoft General Ledger, you can group ledgers together into ledger groups. A ledger group provides the functionality for managing multibook transactions that must post to all ledgers within a group simultaneously.
Ledger	Within PeopleSoft General Ledger, ledgers organize the accounting data. You can define as many ledgers as you need to record financial, budget, and nonfinancial transactions.
Ledger Template	Within PeopleSoft General Ledger, defines the physical attributes of a ledger. It streamlines ledger definition. The template is defined once and used for multiple ledgers.
Book Status	The status of the cost book, including; Pending, Active, Inactive, Stopped, and Cancel.
Profile	The cost profile that determines the methods to value and cost inventory items and transactions. Items have cost profiles for the cost books that the inventory business unit uses.
Cost Profile Group	A grouping of the cost profile and cost book that can be attached to the item by using the Define Item component. Groups are used to default cost profiles into item definitions as items are added to an inventory business unit.
Cost Element	A code that is used to categorize the different components of an item's cost and also define the debit and credit ChartFields for accounting entries. Cost elements can be used to add an optional level of granularity to the accounting entries recorded.
Transaction Group	Predefined codes identifying different types of transactions, such as putaways, shipments, user adjustments, and so on.
Cost Type	Creates separate costing groupings with different methods of costing, such as current, revised, or forecasted costs.