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Finance Glossary
This glossary contains terms and abbreviations used in the Office of Financial Services. It also includes explanations of some of the fields in Finance One.
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| N | 0 | P | Q | R | S | T | U | V | W | X | Y | Z |
Glossary - O
- Obsolete Assets
- Any asset that is of no further use to the University or has little or no resale value.
- OCS
- Office of Computing Services
- Offices
- The non-School or non-academic units on campus that receive a proportion of operating grant funding.
- Office of Financial Services
- Section of the University that deals with budgeting, assistance to financial units, finance systems, purchasing, accounting and asset management.
- Operating budget
- Federal government grants plus other income to pay for basic operating costs of the university. Previously called Recurrent Budget.
- Oracle
- The proprietary name of the underlying database used by both the PMIS and Finance One. Information is stored in the database and is retrieved from it using an application such as 'Finance One', 'Concept' or SQL
- Order
- Official contract between the University and a supplier of goods or services including any conditions including agreed payment.
- Order Number (Finance One)
- Automatically allocated from the Document Register. This number can be searched on in retrieving information.
- Order Reference (Finance One)
- See BU Reference (Finance One)
- Order Report (Finance One)
- Standard system generated report on an order. User selection on items and content. Can only be printed out when the item is in an order stage. See also Requisition Report, Delivery Report
- Order Type (Finance One)
- Field on requisition screen. Standard (STD), blanket (BKT) or standing (STA). Type of order that can be generated by the system.
- Standard
- One requisition per order, one delivery.
- Blanket
- One requisition per order and many deliveries.
- Standing
- Many orders per requisition, each order gets one delivery.
- OSP
- Outside Studies Program. Academic leave to study outside this campus
- Out of contract
- Goods or services that are procured by the calling of quotations and tenders.