Glossary


A | B | C | D | F | I | L | M | N | O | P | R | S | T | V | W

A

assignment
A set of information, including job, position, pay, compensation, managers, working hours, and work location, that defines a worker's or nonworker's role in a legal employer.

B

balancing segment
A chart of accounts segment used to automatically balance all journal entries for each value of this segment.
business function
A business process or an activity that can be performed by people working within a business unit. Describes how a business unit is used.
business unit
A unit of an enterprise that performs one or many business functions that can be rolled up in a management hierarchy.

C

chart of accounts
The account structure your organization uses to record transactions and maintain account balances.
cost book combination
Decides which cost book a cost organization uses for different financial reporting purposes.
cost center
A unit of activity or a group of employees used to assign costs for accounting purposes.
cost organization
A grouping of inventory organizations that indicates legal and financial ownership of inventory, and which establishes common costing and accounting policies.
cost profile
Defines the cost accounting policies for items, such as the cost method and valuation structure.

D

department
A division of a business enterprise dealing with a particular area of activity.
determinant
A value that specifies the use of a reference data set in a particular business context.
division
A business-oriented subdivision within an enterprise. Each division is organized to deliver products and services or address different markets.
document sequence
A unique number that is automatically or manually assigned to a created and saved document.

F

flexfield
A flexible data field that you can configure such that it contains one or more segments or stores additional information. Each segment has a value and a meaning.
flexfield segment
An extensible data field that represents an attribute and captures a value corresponding to a predefined, single extension column in the database. A segment appears globally or based on a context of other captured information.

I

inventory organization
A logical or physical entity in the enterprise that tracks inventory transactions and balances, stores definitions of items, and manufactures or distributes products.
item organization
Item definition where inventory balances are not stored and movement of inventory is not tracked in the applications. Item attributes that carry financial and accounting information are hidden.
item validation organization
An inventory organization whose primary or secondary unit of measure is used as the costing unit of measure for the item in the cost organization to which that inventory organization belongs. The item master organization can also be designated as the item validation organization.

L

A government or legal body that is charged with powers such as the power to make laws, levy and collect fees and taxes, and remit financial appropriations for a given jurisdiction.
A legal entity that employs people.
An entity identified and given rights and responsibilities by commercial law through the registration with country's appropriate authority.
The lowest level component of a legal structure that requires registrations. Used to group workers for the purpose of tax and social insurance reporting or represent a part of your enterprise with a specific statutory or tax reporting obligation.
legislative data group
A means of partitioning payroll and related data. At least one legislative data group is required for each country where the enterprise operates. Each legislative data group is associated with one or more payroll statutory units.
line of business
Set of one or more highly related products which service a particular customer transaction or business need. Refers to an internal corporate business unit.

M

manufacturing facilities
Employed in the making of goods for sale such as a factory or plant.

N

natural account
Categorizes account segment values by account type, asset, liability, expense, revenue, or equity, and sets posting, budgeting, and other options.

O

organization
A unit of an enterprise that provides a framework for performing legal, managerial, and financial control and reporting. Organizations can be classified to define their purpose, for example, as departments, divisions, legal entities, and can own projects and tasks, or incur project expenses.

P

payroll statutory unit
A legal entity registered to report payroll tax and social insurance. A legal employer can also be a payroll statutory unit, but a payroll statutory unit can represent multiple legal employers.
primary ledger
Main record-keeping ledger.
project and task owning organization
An organization that can own projects and tasks for the purpose of reporting, security, and accounting.
project expenditure organization
An organization that can incur expenditures and hold financial plans for projects.
project type
Controls basic project configuration options, such as burdening, billing, and capitalization options, and class categories that are inherited by each project associated with the project type.
project unit
An operational subset of an enterprise, such as a line of business, that conducts business operations using projects, and needs to enforce consistent project planning, management, analysis, and reporting.

R

reference data object
Business objects such as project types, rates schedules, and financial plan types that can be shared across organizations. Define reference data sets if you want to group the values you define for these objects and share them with certain or all organizations.
reference data set
Contains reference data that can be shared across a number of business units or other determinant types. A set supports common administration of that reference data.
registration
The record of a party's identity related details with the appropriate government or legal authorities for the purpose of claiming and ensuring legal and or commercial rights and responsibilities.

S

service provider model
A business unit that provides specific business functions for another business unit.
set
Classified and grouped reference data that organizational entities share.
storage facilities
Commercial building for storage of goods such as a warehouse.
strategic business unit
A division or product line within an enterprise that has its own distinct mission and competitors, and operates somewhat independently. Strategic business units (SBUs) allow the owning company to defined external markets and conduct strategic planning related to products and markets. The SBU can also respond quickly to changing economic or market situation.

T

tree
Information or data organized into a hierarchy with one or more root nodes connected to branches of nodes. A tree must have a structure where each node corresponds to data from one or more data sources.

V

value set
A predefined set to validate the values that a user enters in the application. The set may be hierarchical.

W

work relationship
An association between a person and a legal employer, where the worker type determines whether the relationship is a nonworker, contingent worker, or employee work relationship.