Oracle Financial List of Terms
Accounting calendar
Accounting calendar defines the accounting periods and fiscal year of an organization in Oracle General Ledger.
Accounting period
Each period in a fiscal year is called an accounting period.
Adjustment
Adjustment is a feature that enables you to increase or decrease the amount of an invoice.
Allocation
Allocation is a method for distributing amounts between projects and departments.
Allocation method
An allocation method specifies how the amount in the source pool is allocated to projects or departments. There are two allocation methods, full allocation and incremental allocation.
AutoAllocation set
An AutoAllocation set is a group of allocations that you can execute in sequence that you specify (step-down allocations) or at the same time (parallel allocations).
Category
A category is a code that is used to group similar items.
Chart of accounts
A chart of accounts is the account structure of an organization that is used to record transactions and maintain account balances.
Concurrent request
A concurrent request is a request to Oracle Applications to complete a task, such as posting a journal entry. After a request is submitted, Oracle Applications automatically processes the request without further involvement from the user.
Drilldown
Drilldown is a software feature that enables you to view the details of an item in the current window by using a window in a different application.
Field
A field is a position on a window that you use to enter, view, update, or delete information.
Flexfield
A flexfield is an Oracle Applications field composed of segments. Each segment has a name and a set of valid values. Oracle Applications use flexfields to record information about an organization.
Foreign currency
Foreign currency is defined for a set of books to record and conduct accounting transactions in a currency other than the functional currency.
Formula recurring journal
A formula recurring journal is a recurring journal that uses a formula to calculate the amount of the journal. In a formula recurring journal, you specify a formula instead of an amount.
Functional currency
The functional currency is the principal currency that is used to maintain accounting data in General Ledger.
General ledger
General ledger is an accounting system that tracks the journal entries that affect each account.
Import
Import is a utility that enables you to bring data from an export file into an Oracle8 table. This utility can be used to restore archived data.
Incremental allocation
An incremental allocation method is used to create expenditure items based on the difference between the transactions processed from one allocation to the next.
Journal
A journal is a debit or credit to a general ledger account.
Journal batch
A journal batch is a method used to group journal entries according to your set of books and accounting period. You can name your journal entry batches the way you want for easy identification in your general ledger.
Journal entry lines
Journal entry lines are the journal entries that are posted to update account balances. The number and type of entry lines in a journal depend on the number of transactions.
List of values
A list of values is used to select a single value from a predefined list.
MassAllocations
A MassAllocation is a single journal entry that is used to allocate revenues and expenses across departments, divisions, and so on.
Operator
A operator is a mathematical symbol that is used to indicate the mathematical operation in a calculation.
Parallel allocation
A parallel allocation set is a set of allocation rules in an autoallocation set that are carried out without following a sequence.
Posting
Posting is the process of updating account balances in ledger from journal entries.
Primary set of books
A primary set of books is a set of books that is used to manage a business.
Recurring journal entry
A recurring journal entry is a journal entry that is defined once, and repeated in each accounting period.
Responsibility
Responsibility is a level of authority in Oracle General Ledger. Each responsibility provides a user with access to a menu and a set of books. Responsibilities help control security in Oracle General Ledger.
Reversing journal entry
A reversing journal entry is a journal entry in General Ledger that is created by reversing an existing journal entry. You can reverse any journal entry and post it to any open accounting period.
Set of books
A set of books is a financial reporting entity that uses a particular chart of accounts, functional currency, and accounting calendar. You must define at least one set of books for each business location.
Standard recurring journal
A standard recurring journal is a recurring journal whose amount is the same each accounting period.
Step-down allocation
A step-down allocation set is a set of allocation rules that are carried out serially, in the sequence specified in the autoallocation set. Usually, the result of each step will be used in the next step.
Subledger
A subledger is an application other than General Ledger in which accounting entries can originate.
