Knowledge Base

Glossary of Terms

Glossary is usually defined as an alphabetical list of technical terms in some specialized field of knowledge. This knowledge base glossary provides a collection of knowledge base documents that define many technical terms. These terms are arranged alphabetically, but you can quickly jump to a specific term by selecting its first letter from the index of the knowledge base glossary below.

Financial Manager
The person wholly responsible for the overall financial operation of a Fund or of an Organization. These duties include budget oversight, financial reporting and directing financial activities.
Financial Manager Form
A form that is used to assign the role of financial manager to an individual for both fund and organization codes.
FIscal Year
The 12 month period beginning on September 1 and ending on August 31st, and is specified by the calendar year in which the fiscal year ends, e.g. September 2014 through August 2015 is fiscal year 2015. Also called the academic year
FiTS
An application used to create three types of Financial Transactions: (1) Cost Transfer - the moving of current fiscal year expenditures between departmental FOAPs; (2) IV (Intra Institutional Voucher) - the method for service departments to bill expenditures to departmental FOAPs; (3) JV( Revenue Journal Voucher) - Allows moving of current fiscal year revenue between departmental FOAPS (HSC only); Allows departments to move current fiscal year revenue from clearing accounts to departmental FOAPS (TTU and TTUS)
Fixed Asset Property Report
Useful when completing physical inventory, this provides a single–line display of the responsible party information from the Asset Master record for each selected asset
FOAP
An acronym for the account numbers used with Banner. This represents the Fund - Organization - Account- Program
Foap Budgeted
Budget checking occurs at the Budget Pool Level. If there are not enough funds in the available balance of the Budget Pool the expense will be rejected.
FOP Budgeted
Budget checking at the FOP level allows you to spend the total available balance of all Budget Pools.
Fringe Projectino Application
This application is used as an estimate to project departmental fringe benefit costs for both current and prospective employees, and can be used to assist in estimating budget requirements for fringe benefits for individual employees.
Fringe Projection Calculator
A calculator used to estimate the cost of fringes (matching retirement, social security, etc.) for both current and prospective employees.
FTE
Full Time Equivalency of an Employee. The largest FTE one can have is 1. Those who do not work full time will have an FTE of < 1
Fund Accountant
A fund accountant is responsible for TTU and TTUSA accounting transactions in non-sponsored fund ranges. These fund ranges include, but are not limited to: designated, state, gifts, endowments, service centers, auxiliary, and plant. Duties include new fund review, cash transfer approval, inter-component fiscal transactions, compliance reviews, fund closeout and assisting department and college finance administrators.
Fund Balance
The difference between realized revenue and actual expenditures, net of any other fund additions or deductions.
Fund Code
The self-balancing set of Accounts that show ownership of cash or fund balance. It tells who owns the funds or assets and liabilities and defines the fund class, division, campus, department and sub-department. These monies available are separated and coded according to the purpose of the provider.