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:
    FAS (Financial Accounting System) was the University’s Accounting system that has been replaced by ARC.
    The data ​has been available in READ-ONLY ​mode as of July 2012. 
  • FDS

    Definition:

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

  • FFE

    Definition:

    See FINSYS.

  • Field

    Definition:

    An area on a page that displays or requires data.

  • FIN ERP

    Definition:

    Financials Enterprise Resource Planning project.

  • FINSYS

    Definition:

    FINSYS tab in My.Columbia Portal

  • 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.