Glossary


A | B | C | D | E | F | J | K | L | M | O | P | S | T | U | V

A

account rule
The rule that processing uses to derive complete accounts or segment values on a subledger journal entry. Conditions can be defined within the rule to derive a different account based on specific attributes of the transaction.
accounting attribute
Predefined fields that map to components of subledger journal entries. Sources are assigned to accounting attributes.
accounting class usage
Grouping of accounting classes used in subledger journal entry reporting or processing.
accounting event class
Categories that classify transaction types and group event types for accounting rules.
accounting event type
Represents a business operation that may have an accounting impact.
accounting method
A set of journal entry rules which determine how a subledger journal entry is created for each event class or event type.
accounting period
The fiscal period used to report financial results, such as a calendar month or fiscal period.
application feature
A standardized functionality that is available to implemented.
AutoPost criteria sets
A grouping of options and submission frequencies used to select journal entries for automatic posting.

B

balances cube
A multidimensional database that holds accounting financial data. The cube allows different views of the balances to be quickly displayed.
balancing segment
A chart of accounts segment used to automatically balance all journal entries for each value of this segment.
business object
A resource in an enterprise database, such as an invoice or purchase order.
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.
clearing company
The intercompany clearing entity used to balance the journal.
constant
Holds the numeric value used to evaluate numeric conditions in Contract Expert rules. A constant permits you to reset the conditions of many rules with just one edit.
corporate rate type
Rate you define to standardize rates used in conversion of one currency to another over a period of time. This rate is generally a standard market rate determined by senior financial management for use throughout the organization.
country holding company
A legal entity that acts on behalf of several divisions within an enterprise, and is the legal employer in a country.

D

description rule
The rule that defines description content that can appear on the subledger journal header and line.
descriptive flexfield
Expandable fields used for capturing additional descriptive information or attributes about an entity, such as a customer case. You may configure information collection and storage based on the context.
dimension
See
division
A business-oriented subdivision within an enterprise. Each division is organized to deliver products and services or address different markets.

E

enterprise
An organization having common control over one or more legal entities.

F

fixed rate type
Rate you set between two currencies that remains constant. For example, a rate set between the euro currency and each Economic and Monetary Union (EMU) currency during the conversion to the euro currency.
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.

J

journal batch
An element of a journal entry consisting of the name, source, and accounting period. Used to group journals for processing and easier querying.
journal category
A name used to group journal entries with similar characteristics, such as adjustments, accruals, or reclassifications.
journal entry
Point of entry of business transactions into the accounting system. Chronological record, with an explanation of each transaction, the accounts affected, and the amounts to increase or decrease each account.
journal line
An element of journal entries consisting of account combinations and credit or debit amounts. Optionally, contains statistical quantities, currency information for multicurrency journals, and additional information.
journal line rule
A rule that includes options to convert transactional data into a subledger journal line. Conditions can be defined within the rule so it's only used based on specific attributes of a transaction.

K

key flexfield structure instance
An occurrence of a key flexfield structure that shares the same order of segments as other instances of the key flexfield structure. However, each instance uses different value sets to validate the segments.

L

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.

M

mapping set
Maps a combination of input source values to specific output values. The output value of a mapping set is used to derive accounts or segments in account rules.

O

offering
Grouping of setup tasks that support specific business functions, such as Sales, Service, and Product Management.

P

post
Update account balances by the recorded debit or credit amount in each journal entry to the related accounts in the general ledger.
primary balancing segment value
A segment value used to represent a legal entity in the chart of accounts and automatically balance all intercompany and intracompany transactions and journal entries.
primary ledger
Main record-keeping ledger.
process category
Group of one or more logically related event classes that can be used to restrict which events are processed by the Create Accounting process.

S

secondary ledger
An optional, additional ledger that is associated with the primary ledger for an accounting setup. Secondary ledgers can represent the primary ledger's data in another accounting representation. The Secondary ledger differs in chart of accounts, accounting calendar, currency, subledger accounting method and ledger processing options.
segment
A segment is a single field within a flexfield and maps to a single table column in your database. When configuring a flexfield, you define the appearance and meaning of individual segments.
source
Contextual and reference information from subledger applications used in conjunction with accounting rules to create subledger journal entries.
source system
A system that a non-Oracle software provider provides, or an internal system that creates events that the Oracle Fusion Accounting Hub uses.
spot rate type
Rate you enter to perform conversion based on this rate as of a specific date. This rate applies to the immediate delivery of a currency.
subledger
A low-level ledger that stores and manages the details that substantiate the monetary value stored in the general ledger. Oracle Fusion Receivables and Oracle Fusion Payables are examples of subledgers.
subledger accounting options
Defines how certain accounting processing should be done for transactions at the ledger and subledger application level.
subledger journal entry
A detailed journal entry generated for a transaction in a subledger application.
subledger journal entry line
An individual debit or credit line that is part of a subledger journal entry.
subledger journal entry rule set
A set of rules defining how to generate a complete journal entry for an accounting event.
supporting reference
Stores additional source information about a subledger journal entry line which can be used to establish a subledger balance for source values for an account.

T

third party
The external party that is defined in a business relationship to provide or receive goods and services.
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.

U

user rate type
Rate you enter at journal entry time to convert foreign currency transactions to your ledger currency.

V

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