Finance Glossary

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  • Accounts Payable Key Terms

    Definition:

    Please navigate to the following page.

  • ADD-COMP

    Definition:
    Additional compensation payments.
  • AP

    Definition:
    Accounts Payable.
  • AP/CAR

    Definition:

    AP/CAR was the University’s automated payment voucher processing system that has been replaced by ARC. It was used to electronically submit payment vouchers to Accounts Payable. It is only available in READ-ONLY status as of July 2012.

  • ARC

    Definition:

    Accounting and Reporting at Columbia, our new finance system that will go-live in July, 2012.

  • As-Is

    Definition:

    The current state of a process; how something is currently performed.