Fixed asset or long-term liabilities for which governments usually maintainseparate accountability. Governments usually maintain these transactionsin account groups known as the general fixed assets account group andthe general long-term debt account group.
A hierarchical account structure containing parent and child accounts,where a range of child values roll up to parent accounts. A multi-levelparent hierarchy can exist where higher level parents are parents of lower level parents. Parent hierarchies let you define reports using parent valuesinstead of individual child values in Oralce General Ledger. Parent valuesalso facilitate summary account creation to allow you to view summarizedaccount balances online.
A relationship that implies financial responsibility between the owners of the accounts. For example, a customer account relationship lets you applypayments to and create invoices for related customers, as well as applyinvoices to related customers' commitments.
One of up to 30 different sections of your Accounting Flexfield, whichtogether make up your general ledger account combination. Eachsegment typically represents an element of your business structure, suchas Company, Cost Center or Account.Each Accounting Flexfield segment typically captures one element of your agency's structure, such as Fund, Division, Department, or Program.
Account segment value
A series of characters and a description that define a unique value for aparticular value set.
A site that is used within the context of an account, for example, for billingor shipping purposes.
The calendar that defines your accounting periods and fiscal years inOracle General Ledger and subledger applications. Oracle FinancialAnalyzer will automatically create a Time dimension using your accountingcalendar.
accounting classification code structure
The data elements a government activity uses to classify the financialaspects of a transaction.
In some financial contexts, a term used to refer to the currency in whichaccounting data is maintained. In this manual, this currency is calledfunctional currency. See