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A GL account used to track gains from fixed-asset disposal.
A connecting computer link that translates between two different kinds of computer networks.
An agreement negotiated during the UN Conference on Trade and Employment. GATT was signed in 1947 and lasted until 1993, when it was replaced by the World Trade Organization in 1995.
The reservation of a needed quantity of an item from available inventory at a specific site. Ensures that the quantity of inventory required by the order is available. Does not reserve specific inventory items.
A promotion deal category. Refers to lump sums paid toward activities not generally covered by other lump sum payments such as trade show fees and annual golf tournaments.
A method of defining acceptable values for fields and having the system validate user entry. Codes can display in a look-up browse for selection.
The collection of all the asset, liability, equity, and expense accounts. Amounts entered in books of original entry (journals/daybooks) are transferred (posted) to the correct account in the general ledger.
A calendar used for accounting activities. Every database can have only one GL calendar and at least one period must be defined. GL calendar periods are used to group GL transactions for reporting.
A code that determines the allowed combinations of account, sub-account, cost center, and project. These combinations are validated during posting.
A set of US guidelines and rules and procedures issued by groups within the accounting industry to standardize accounting practices. These groups include the Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA). Accountants utilize the standards of GAAP in recording and summarizing transactions and in the preparation of financial statements. Every country has its own version of GAAP, with standards set by a national governing body.
Generic Drug. A generic drug is identical, or bioequivalent to a brand name drug in dosage form, safety, strength, route of administration, quality, performance characteristics, and intended use.
Product packaged and sold without brand name or advertisements. Usually of a standard grade as opposed to grade A or top quality. Offers customers lower quality at a lower price, and is packed in a plain package with only a simple product description and no brand name shown. It is still possible that these products are quality controlled, open dated, and unit priced. Also referred to a no-name brand.
An artificial grouping of all possible component items—even mutually exclusive ones—that go into a configurable item showing the quantity of each required to make an assembly.
All possible manufacturing operations that can be performed during any aspect of producing any variant of a product.
A service of many European banks that permits authorized direct transfer of funds among account holders as well as conventional transfers by check.
The code that identifies the GL account.
Pertaining to corporate or enterprise-wide planning and data consolidation.
A change made in one part of a computer system that is automatically reflected throughout the entire system.
Global Commerce Initiative (GCI). Initiative of retailers, manufacturers, and suppliers with the objective of building a collaborative inter-business process that endorses a set of recommended standards, enabling technologies, and best practices with worldwide application. The GCI provides benefits to all users, no matter whether they are large or small, wherever they operate, as well as facilitates global supply chain efficiency and effectiveness and consumer value through cooperation.
Global Registry. A global directory for the registration of items and parties. It can only contain data certified GCI compliant. It federates the GCI/GDAS compliant data pools and acts as a pointer to the data pools where master data has been originally and physically stored.
A tax system that supports precise tax calculations, complex tax environments, and taxes for multiple countries in the same database. GTM eliminates the need for regional tax systems.
Global Trade Item Number (GTIN). An umbrella term used to describe the entire family of EAN/UCC data structures for trade items (products and services) identification. The family of data structures includes EAN/UCC-8, UCC-12, EAN/UCC-13, and EAN/UCC-14. Products at every level of product configuration (consumer selling unit, case level, inner pack level, pallet, shipper, and so on) require a unique GTIN. GTIN is a new term, not a standards change.
Period during which you can perform reconciliation on open item accounts.
A major fiscal reform project launched by the China government. The project mandates the use of specific information technologies to improve compliance with China’s VAT laws.
The sub-labeling of items to identify their particular makeup and to separate lots from other lots of the same item.
A method of presenting computer actions and options as pictures, buttons, and icons to users, rather than requiring typed commands. You interact with the computer by pointing and clicking with the mouse. Compare with Character User Interface.
The international basis for relationships among time zones. Never affected by daylight saving time adjustments.
A screen design element that organizes related data fields in a format similar to a spreadsheet or table.
The world’s largest association of food, beverage, and consumer product companies. GMA applies legal, scientific, and political expertise from its member companies to vital food, nutrition, and public policy issues affecting the industry. The association also leads efforts to increase productivity, efficiency, and growth in the CPA industry.
Sales minus cost of goods sold.
Projected production demand for a family item, not netted against on-hand inventory. Family plans show gross production due, calculated as (Sales Forecast + Target Inventory) – Previous Week’s Projected QOH. For the first week, projected QOH is zero.
Total independent and dependent demand for a component before netting of on-hand inventory and scheduled receipts.
Total weight, calculated from item weight and tare weight.
A set of users that share common access requirements used to streamline security setup. See also Security Group.
A code used to group items on a purchase order or assembly unit order for similar treatment, such as the same packaging or shipping on the same truck.
A system based on item families where common processes are grouped into manufacturing cells in a shop.
For food producers who are buying agricultural commodities such as fruit and grain, the ability to pay growers or farmers based on quality, quantity and other attributes of raw materials is important.