Definitions
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UVA Finance
Description:
The financial condition and strategic and administrative plans of an organization that include information on sources, uses, activities, and purposes…
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UVA Finance
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An amendment is any change to the Board-approved budget reflected in the working budget for the current year. (It is the starting point for the next…
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UVA Finance
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The date of the transaction, we refer to this as “date incurred”.
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Expenditure Item Date (EID)
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Organization:
UVA Finance
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A Budget Model is a quantitative system or approach used to support resource management within an institution. Budget models are not financial…
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Organization:
UVA Finance
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Budget Variance is the comparison of YTD actuals and/or Commitments/Obligations vs. specified budget version, e.g. Original/Revised Budget or Working…
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Functional Area
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Organization:
UVA Finance
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Workday stores data, such as organizations, workers, etc., as business objects
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UVA Finance
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A sequence of one or more tasks that accomplishes a desired business objective (i.e. hiring an employee, paying an invoice); they are tasks that you…
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UVA Finance
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Generate Statement of Net Position (SNP) and Statement of Revenues, Expenses, and Change in Net Position (SRECNP)
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Functional Area
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UVA Finance
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Carry-forward balances are in-year fund surpluses or deficits (shortfalls) which can be carried over from one fiscal year to the next or subsequent…
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Organization:
UVA Finance
Description:
Cash and cash equivalents include bank accounts, petty cash, and marketable securities with maturities of less than 90 days. At UVA, cash and cash…
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UVA Finance
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Each division represented in Management Discussion & Analysis (MD&A) schedules of financial reports; considered primary level at which one…
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UVA Finance
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Area that owns a subset of revenues and/or expenses to support management decision making or accountability. Description name will be preceded by…
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MBU, Department, Major Business Unit
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UVA Finance
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The process of identifying and assigning payroll-related costs to specific FDM values and worktags. This process does not determine whether or how…
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Labor Distribution (LD)
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Functional Area
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UVA Finance
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Represents funding other than gifts and grants such as discretionary, state appropriations, ETF, including earned revenue such as tuition and…
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UVA Finance
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This date is inherited from the date of the originating transaction header (eg: Invoice Date or Expense Report Date) or the Accounting Date from…
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UVA Finance
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Field to store the government document number for federal LOC awards
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Gov’t Document Number for Federal LOC
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Organization:
UVA Finance
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A fund established by a gift that is meant to provide lasting support to the institution whereby the gift itself is permanently invested in the…
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UVA Finance
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A two-digit code (the first segment of the Chart of Accounts String) that defines the state, local, or outside entity associated with transactions…
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UVA Finance
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Funds that are provided and managed by the Commonwealth of Virginia for purchasing new or upgrading obsolete equipment used for instruction and…
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Organization:
UVA Finance
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The expendable fund balance represents a unit’s available cumulative net position / retained earnings, inclusive of operating surplus (deficit), or…
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Organization:
UVA Finance
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This delivered dimension identifies and categorizes travel?related expense transactions.
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