What is zero-based budgeting?

Zero-based budgeting is a budgeting method in which every line starts at zero each cycle and has to be justified from scratch, rather than being derived from last year’s figure. Nothing is inherited. A department that spent 4 million last year does not begin the...

What is the Oracle ERP database?

The Oracle ERP database is the underlying data store behind an Oracle enterprise resource planning system, holding every transaction, master record and configuration setting the application uses. In practice the phrase means two quite different things depending on...

What is an ERP general ledger?

The ERP general ledger is the central accounting record inside an enterprise resource planning system, holding the balance of every account and receiving posted entries from every subledger. It is the point where operational activity becomes accounting: a purchase...

What is a financial statement generator?

The financial statement generator, almost always shortened to FSG, is a reporting tool built into the General Ledger module of Oracle E-Business Suite. It lets a finance user define a report by describing its structure rather than by writing code: which accounts form...

What are accounts payable reports?

Accounts payable reports are the set of reports that describe what an organization owes its suppliers: how much, to whom, when it falls due, and what is holding any of it up. No single report answers all of that, which is why payables teams work from a set rather than...
wpChatIcon
wpChatIcon