Business Term Status
The Business Term is currently validated by the Data Governance Committee.
Business Term Definition
An account type specifies different area to which a General Ledger belongs:
D - Customers
K - Vendors
M - Material
S - G/L accounts
Roles
Data Owner
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Data Steward
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Data Sources, Type and Classification
Data Source
SAP
Data Type
Master Data
Data Classification
Internal Data
Data Protection and Update Frequency
Data Protection & Access
No special access
Data Update Frequency
On demand
Related Business Terms
| Business Term | Description | Link |
|---|---|---|
| General Ledger Account (Local Chart of Accounts) | The statutory general ledger accounts are used to record financial transactions and are aggregated into the local financial statements. | |
| General Ledger Account (Group Chart of Accounts) | A general ledger account at group chart of accounts is an account in SAP used to record transactions for IFRS purposes. | |
| General Ledger Set of Accounts | A group of IFRS General Ledger accounts clustered into sets for reporting purposes, either Balance Sheet, Income Statement accounts and other type of association of accounts for specific reporting. |