Finance Glossary

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  • F&A

    Definition:

    Facilities and Administration: also referred to as Indirect Cost (IC), Indirect Cost Recovery (ICR), and overhead.  F&A are actual costs incurred to conduct normal business activities, but are not readily identified with or directly changed to a specific project or program.

  • FAS

    Definition:

    Financial Accounting System - the University’s existing accounting system that will be replaced by the FIN ERP solution in July 2012.

  • FDS

    Definition:

    Financial Data Store, our new financial data warehouse.  (Previously referred to as ODS --Operational Data Store).

  • FFE

    Definition:

    Financial Front End - front end interface that brings together various action and report modules - interacts with FAS.

  • Field

    Definition:

    An area on a page that displays or requires data.

  • FIN ERP

    Definition:

    Financials Enterprise Resource Planning project.

  • FINSYS

    Definition:

    Financial Systems section of My.Columbia Portal - certain FFE modules are found there.

  • FR&O

    Definition:

    Financial Reporting & Operations

  • Functional Requirements

    Definition:

    Comprehensive descriptions of what a specified software package will do, how it is expected to perform, and its intended purpose as it relates to the specified business needs (Finance) of the University.

  • FY

    Definition:

    Fiscal Year runs from July 1st through June 30th each year.