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FI: The Financial Accounting application in SAP. |
|
Final Preparation: The fourth phase of the ASAP Roadmap and involves getting the
system and the institution ready for going live. All activities
from previous phases are consolidated. End-user training is
conducted and assessed. Final preparation includes system
testing and preparation necessary for increased number of
participants. |
|
Fiscal Year: The 12 month period beginning July 1 and running
through June 30 of the following year for which the University
(and the Commonwealth of Kentucky) administers budgets and
measures financial results. For example, Fiscal Year 2005(FY2005
or FY05) began July 1, 2004 and ended June 30, 2005. |
| FM: The Funds Management application in SAP. This is the component of Public Sector Management (PSM) developed to account for the budgeting of all relevant revenues and expenditures for individual areas of responsibility and the control of future funds movement according to a distributed budget. |
