Financial Services Terms:

1. Accounts Payable - Money owed to suppliers.

2. Accounts Receivable - Money owed by customers
3. TFR-AR
4. Invoice Management Control
5. Receipts - Funds collected from selling land, capital, or services, as
well as collections from the public (budget receipts), such as taxes, fines, duties,
and fees.
6. Bank Transfer
7. Cash Requirements - Financing required for the operation of a business,
composed of long-term and working capital plus fixed assets.
8. Corporate Clearing House
9. CEB (Conditional End Bracket) This is a computing term :

In SNA, the value (binary 1) of the conditional end bracket indicator in the
request header (RH) of the last request of the last chain of a bracket; the value
denotes the end of the bracket. Contrast with end bracket.

10. CIS Cost Accounting

Cost Accounting
A branch of accounting that provides information to help the management of a
firm evaluate production costs and efficiency.

Cash account
A brokerage account that settles transactions on a cash-rather than credit-basis.

Cost and Freight (CFR)

Seller is responsible for the payment of freight to carry goods to a named
destination, as agreed with the buyer. This should be used with ocean shipments
only, as the point where risk and responsibility pass from seller to buyer is the rail
of the carrying vessel.

Cost of capital
The required return for a capital budgeting project.

Cost Insurance and Freight (CIF)

Seller is responsible for the payment of freight to carry goods to a named
destination, as agreed with the buyer. The seller is also responsible for providing
cargo insurance at minimum coverage against the buyer's risk of loss or damage
to the goods during transport. This term should be used with ocean shipments
only, as the point where risk and responsibility pass from seller to buyer is the rail
of the carrying vessel.
11. Capital Budget System - A firm's planned capital expenditures.

Capital budgeting
The process of choosing the firm's long-term assets.

12. COA (Chart Of Accounts)

Will tell you what account number to use when you post an entry

13. Financial Reporting

14. Open Items
15. CPP
16. Financial Sales Information System
17. Fixed Assets - Long-lived property owned by a firm that is used by a firm in the
production of its income. Tangible fixed assets include real estate, plant, and
equipment. Intangible fixed assets include patents, trademarks, and customer
recognition.

Fixed asset turnover ratio - The ratio of sales to fixed assets.

18. Capital Assets - A long-term asset, such as land or a building, not purchased or
sold in the normal course of business.
19. General Ledger - Accounting records that show all the financial statement
accounts of a business.
a. G/L Entry (Account Transfer)
b. G/L Entry (Non-A/R Receipts)
c. G/L Entry (Payment)
20. Sub Ledger
21. Intercompany Accounting reports
22. Inventory Valuation - The process of assigning a financial value to on-hand
inventory, based on standard cost, first-in, first-out (FIFO), last-in, first-out
(LIFO), average list price or other method. The method used is determined by a
requirement to meet legal or other standards specified by a third party, or by an
operational measure found to be useful in analyzing inventory positions.
23. KO
24. Labor Distribution System

The Labor Distribution System (LDS) is a mainframe system that processes cost
information from the payroll system. LDS classifies, edits, and adjusts payroll
cost information and aligns it with the Department's organizational structure to
satisfy budgetary, accounting and management reporting requirements. The LDS
also summarizes the detailed cost information into transactions that are interface
with the Departmental Integrated Standardized Core Accounting System.

25. P/L reporting - Profit and Loss reporting

26. B/S reporting – Balance Sheet reporting
 27. Payroll - The financial record of employees' salaries, wages, bonuses, net pay, and
deductions.
28. Personnel Expense
29. RRI
30. Purchasing and Material Receipt
31. RRJ - Fast Cycle Accounting and Fiscal Books Registration
32. MFG Product Costing Calculation
33. Fixed Assets Calculation and Control
34. Tax Reconciliation
35. Tax Payment and Travel Expenses Report
36. Ledger Balancing

Balance of payments
A statistical compilation formulated by a sovereign nation of all economic
transactions between residents of that nation and residents of all other nations
during a stipulated period of time, usually a calendar year.

Balance of trade
Net flow of goods (exports minus imports) between countries.

Bill of exchange
General term for a document demanding payment.

Bill of lading
A contract between the exporter and a transportation company in which the latter
agrees to transport the goods under specified conditions which limit its liability. It
is the exporter's receipt for the goods as well as proof that goods have been or will
be received.

Ledger cash
A firm's cash balance as reported in its financial statements. Also called book
cash.

Book to bill
The book-to-bill ratio is the ratio of orders taken (booked) to products shipped
and bills sent (billed). The ratio measures whether the company has more orders
than it can deliever (>1), equal amounts (=1), or less (<1). This ratio is of
significant interest to investors/ traders in the high-technology sector.

Bill of Material Listing of parts of an item as shown in a drawing.

Bill of Material (BOM) includes information on product materials and components. It is
a reference that displays part name, code, and specifications. A typical Bill of Material
includes the following data:
 • Part Code: Numbers or letters corresponding to a specific part. This number
should match a code labelled on the working drawing. The code is also used for
inventory and data base management.
• Quantity: Number of parts needed to produce one unit.
• Description: Name of the part. Like the code, the name should correspond to the
name labelled on the working drawing.
• Dimensions: Finished dimension of the part. When entering dimensions, follow a
standard format and be consistent throughout. It is customary to format
dimensions as follows: Length x Width x Thickness
• Type: The type of material used to make each part (i.e. oak, plastic, sheet metal,
etc.).

This module is the basis for manufacturing activities such as MRP, scheduling, and
manufacturing control. The success and effectiveness of a manufacturing system depends
upon the accuracy and completeness of this information.

The bill of material module maintains the engineering related product information. Bill of
materials and process routings can be maintained separately or through an engineering
change order process that ties engineering change order process and revisions together.
BOM system provides the flexibility to control the process and flow of information. Bill
of Material helps you specify relationships between components and parents.

Purchase order

This form must give the person or firm from which a purchase is to be made. It must give
the item, quantity, description and actual cost or estimated cost. The Financial Planning
Committee must approve every purchase order before the order can be phoned or placed.
When bills are presented for payment, each and every item on every bill must be covered
by a purchase order. If it is not, then the purchase shall be considered unlawful and may
have to be paid for by the staff member who placed the order without authority. No check
will be signed unless the bill it is paying and all purchase orders appertaining thereto
accompany the check.