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Glossary: E, F

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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E

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ECAT2

Electronic Catalog. MIT's web-based system that allows you to purchase directly from MIT's Partner Vendors.

Environment

An SAP environment is a completely self-contained version of the SAP database, designated for a specific purpose. For example, at MIT there is a Production environment and a Training environment, as well as others for testing and development.

Exit

A button on the Toolbar which allows you to quit the system task you are running and log off SAP.

F

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Fastpath

A term formerly used when referring to an SAP transaction code.

Favorite

A shortcut to a frequently used transaction or web address that you can create and use on the SAP User Menu screen or the SAP Menu screen. See Getting Started: Favorites for more information.

Financial Plans

See Departmental Financial Planning.

Fiscal Period

The first 12 fiscal period generally correspond to one calendar month. Period 1 begins in on July 1 and Period 12 ends on June 30. There are 16 fiscal periods in a year. Periods 13 through 16 are used for fiscal year closing transactions only.

Fiscal Year

The MIT fiscal year begins on July 1 and ends on June 30. A fiscal year includes the last six months (July through December) of one calendar year and the first six months (January through June) of the next.

FSS

Financial Systems Services. FSS coordinates the development, delivery, and maintenance of financial systems at MIT and provides user support via training, documentation, and business consulting.

Function Bar

The second row of buttons located below the Toolbar on the SAP screen. The Function Bar contains buttons that duplicate functions available from the menu bar. It provides quicker access to some of the most commonly used functions for the current screen and system task.

Fund

A fund is associated with donors or sponsors and with the fund center which has the responsibility for the application of the funds.

Fund Account

A Fund Account is usually established as a result of donations or gifts from individuals, companies, foundations, etc. Fund Accounts may be either internal orders or WBS elements in SAP. If a Fund Account is a sponsored account and has a four-digit sponsor code, then it is a WBS element. If the account is a non-sponsored Fund Account (e.g., funding from the MIT Provost), it is an internal order. These cost objects are used to track expenses for a particular activity. They are not tied to the fiscal year and some receive interest income.

Fund Center

A collection of SAP funds that have been grouped for spending purposes. Every fund is assigned to a fund center.

Fund Center Hierarchy

All the Institute fund centers in a hierarchy from the departments, labs, and centers up through schools and senior offices.

The Fund Center Hierarchy is used as a vehicle to facilitate authorizations and approvals such as spending/committing funds, approving requisitions and verifying VIP card charges.

Funds Reservation

A tool used to create a commitment or reserve funds for future expenditures. Creating requisition, purchase orders, or using the Labor Distribution System creates such commitments automatically. Users can create commitments manually as well via the manual funds reservation function (fastpath: /nfmz1).

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SAP for MIT Documentation on the Web
Valid From: 12/14/2001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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