| 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. |
