Cross-Functional

Cross-Functional What Is Deferred Revenue? Deferred revenue, also called unearned revenue or a contract liability, is cash received or invoiced to a customer before the related performance… Business Cross-Functional What Is Depreciation? Depreciation is the systematic allocation of the cost of a tangible fixed asset, such as property, plant or equipment, over its estimated… Business Cross-Functional What Is EBITDA? EBITDA (earnings before interest, tax, depreciation and amortisation) is an operating performance measure that excludes financing, tax and non-cash depreciation and amortisation… Business Cross-Functional What Is ERP-to-EPM Data Flow? ERP-to-EPM data flow is the integration that extracts general ledger actuals and related data from an ERP, maps and transforms them to… Technical Cross-Functional What Is a Finance Data Dictionary? A finance data dictionary is the maintained, authoritative catalogue of financial data elements used across ERP, EPM and BI, recording for each… Technical Cross-Functional What Is a Finance System Landscape? A finance system landscape is the complete set of finance technology layers, typically ERP for transactions, EPM for planning and consolidation, BI… Technical Cross-Functional What Is Financial Close? The financial close is the end-of-period process in which an enterprise completes and validates its accounting records, including sub-ledger cut-off, accruals, reconciliations,… Business Cross-Functional What Is a Fixed Asset Register? A fixed asset register is the authoritative record of every long-term asset an enterprise owns or controls, holding for each asset its… Business Cross-Functional What Is Functional Currency? Functional currency is the currency of the primary economic environment in which an entity operates, determined under IAS 21 from the currency… Business Cross-Functional What Is a General Ledger? The general ledger (GL) is the master record of an enterprise's financial transactions, organised by account, entity, cost centre and period, receiving… Business Cross-Functional What Is Gross Margin? Gross margin is revenue minus cost of goods sold or cost of services, expressed as a percentage of revenue, showing how much… Business Cross-Functional What Is a Group Finance Function? The group finance function is the central finance team in a multi-entity group, responsible for consolidated reporting, group treasury and funding, tax… Business Cross-Functional What Is IFRS 15? IFRS 15 Revenue from Contracts with Customers is the standard, effective from 1 January 2018, that replaced IAS 18 and IAS 11… Business Cross-Functional What Is IFRS 16? IFRS 16 Leases is the standard, effective from 1 January 2019, that requires lessees to recognise most leases on the balance sheet… Business Cross-Functional What Is IFRS 18? IFRS 18 Presentation and Disclosure in Financial Statements is the standard replacing IAS 1 for annual periods beginning on or after 1… Business