| Term |
Description |
| Chart of Accounts (CoA) |
The chart structure to be used by UofM for recording transactions. It will provide
the common framework for financial and management reporting. The CoA will replace
FOPAL. |
| EPM |
Enterprise Performance Management - One of the Oracle modules that will be implemented
as part of the initiative. |
| ERP |
Enterprise Resource Planning - A type of software that UofM will use to manage day-to-day
business activities such as accounting, procurement, project management, risk management
and compliance, and supply chain operations. |
| HCM |
Human Capital Management - One of the Oracle modules that will be implemented as part
of the initiative. |
| General Ledger (GL) |
A general ledger is a bookkeeping system that accountants use to record financial
transactions. |
| Subledger |
A subledger is a ledger containing all of a detailed sub-set of transactions. The
total of the transactions in the subledger roll up into the general ledger. |
| Boundary System |
Any current UofM system or software that houses financial, human resources, and budget-related
data that will need to be shared with the Oracle Cloud system. |
| Assignment |
Refers to a set of information that defines an employee's role in the organization,
including job, pay, compensation, managers, working hours, and work location. An employee
can have multiple assignments in a single work relationship.
|
| Development Goals |
Development goals facilitate the career growth of caregivers so that they can perform
better in their current jobs or prepare themselves for advancement.
|
| Talent Profile |
A module that maintains professional details for candidates and employees, such as
skills, licenses, certifications, and education details.
|
| Position |
Position is a specific instance of a job in an organization
|
| Department |
Lowest level of an organization to which you assign Employees
|
| Jobs |
Generic roles that identify the general nature of the work performed.
|
| Seniority Date |
Basis of calculation of a person's seniority with the Enterprise, Department, Grade,
or other entity
|
| Area of Responsibility |
A specific responsibility given to an individual to access records of groups of people
to perform transactions. Allows you to assign a responsibility to an individual and
select the group of people who fall under that individual's responsibility. Used to
identify representatives for an employee population, identify approvers in an approval
flow, or secure access to paerson and position records.
|
