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Glossary navigation bar

Glossary term
gloTermCAM

Acronym of Company Accounting Manager.


Glossary term
gloTermCEGH

Acronym of Gas Exchange of the Vienna Stock Exchange.


Glossary term
gloTermCIR

CIR – Research and Development Tax Credit (R&D tax –Crédit - Crédit Impôt Recherche). CIR postings are tax benefits given by the State for the Company.

...

Glossary term
gloTermCost Center

a A cost center is a Solvay department or function. The manager and employees of a Cost Center are responsible for its costs but are not responsible for revenues or investment decisions.

Inside Solvay Cost Center is used to:

  • manage the costs by organizational unit
  • compare actual versus budget
  • calculate rates of activities (used in the standard cost calculation of products)

Cost Center - Master Data


Glossary term
gloTermC.C.

acronym for Acronym of Cost Center.


Glossary term
gloTermCost Element

a A cost element is for CO the equivalent as an account in FI.

it is required for accounting cost objects. It identifies the cost type / expenses / revenues occurred in a cost object.
there are two groups of Cost Elements :
  • Primary cost elements: are a mirror image of the results accounts ( chart of accounts ). Every account in FI is mandatory in CO.
  • Secondary cost elements: are used only in CO in order to identify cost transfer between cost objects in the same CA.  They have specific codification for assessment cycles of cost centers, activity types, etc.

Cost element - Master Data


Glossary term
gloTermC.E.

acronym for Acronym of Cost Element.


Glossary term
termLabels
gloTermControlling area
termAbbrs
termSyns

A controlling area is an organizational unit from the Accounting component in the R/3 System, used to represent a closed system for cost accounting purposes.

The operating concern is set with the transaction OKKS - Setting Controlling Area.

List of existing controlling areas in areas in Solvay:

RCS / WP1
Z001: Solvay Engin.Plasti.Poland
Z006: Rhodia Europe
Z013: Rhodia Europe Soc Fin
Z025: Rhodia Latin America
Z026: Rhodia Asia Pacific
Z028: Solvay North America

ERP / PF1
CHEF ERP Solvay worldwide

PF1

  • CHEF ERP Solvay worldwide

WP1

  • Z001      Solvay Eng Plastic Poland

  • Z006      Solvay Europe

  • Z010      Non Solvay Entities

  • Z013      Solvay Energy & Financ.EU

  • Z025      Solvay Latin America

  • Z026      Solvay Asia Pacific

  • Z028      Solvay North America


Glossary term
gloTermCGU

acronym for Acronym of Cash Generating Unit.


Glossary term
gloTermCOPA

acronym for Costing Profitability Analysis

Glossary term
gloTermCost section
 
CPR

Acronym of

Glossary term
gloTermCPR

acronym for Code Prix de Revient

Glossary term
gloTermCAM

acronym for Country Accounting Manager.


Glossary term
gloTermControl owner

the The control owner is the one who performs the internal control. There are 3 types of IAC control owners:

  • Finance responsible assigned (FRA): They are at plant level and they monitor the processes
  • GBU costing control owners (GCCO): They supervise FRA and Integrated FIFO coordinator.Regional costing managers (RCOM): They supervise the overall process and ensure that control processes are carried out efficiently


Glossary term
gloTermControl evidence

It is the supporting document proving the control has been performed within the respect of the control description. the documentat The documentation is accessible to all stakeholders, including external and internal auditors, through dedicated electronic depository.

...

Glossary term
gloTermCycle Run group

A cycle run group allows several users to run cycles at the same time but in different run groups. If several cycles are being run simultaneously in the same run group the system will be blocked. By default the system will fill this field with the run group 0000.


Glossary term
gloTermCO-PA

Acronym of Costing Profitability Analysis.

Sub module coming under CO module. PA stands for profitability analysis. It acts as a strategic & financial reporting tool for analyzing the profitability based on different segments.

...

Glossary term
gloTermCost collector

Cost object in Product Cost by Period that collects the periodic actual costs incurred in the production of a material. When a cost collector is used, the product is the main cost object.


Glossary term
gloTermCost Component structure

They are used to classify within the cost collector which cost elements are fixed, variable or Depreciation. But not only this. The level of granularity depends on the GBU election (election of Cost Component), but it has to be coherent with activity types. It links them to material ledger classification.


Glossary term
gloTermCBS

acronyme for Acronym of Corporate Business Services.


Glossary term
gloTermCycle count

A cycle count is an inventory auditing procedure, which falls under inventory management, where a small subset of inventory, in a specific location, is counted on a specified day.


Glossary term
gloTermCICC

Coordination Internationale des Credits Commerciaux. Solvay Group internal Bank. Financial services for international group subsidiaries in relation with local or international bank depending roles assigned.

...

Glossary term
gloTermCCRA

Acronym for of Convention Collective de Retraite Anticipée.


Glossary term
gloTermCNT17

Acronym for of Convention Nationale de Travail numéro 17.

...

Glossary term
gloTermCICE

Acronym for of Credit Impôt Competitive Emplois (Competitiveness Jobs Tax Credit).

...

Glossary term
gloTermCIA

Acronym for of Crédit Impôt Apprentissage.

...

Glossary term
gloTermCSR

Acronym for of Corporate and Social Responsibility.

...

Glossary term
gloTermCAD

Acronym for of Country Accounting Director.

...

Glossary term
gloTermCAT

Acronym for of Cash Management Item - zero balancing.

...

Glossary term
dateTermFri Feb 15 18:44:58 CET 2019
gloTermCoA
creatorTermpt63043937

Acronym for of Chart of Accounts.


Glossary term
dateTermMon Mar 18 19:34:08 CET 2019
gloTermCROCO
creatorTermbrbc8418

SAP process for cross-company invoicing.

...

Glossary term
dateTermWed Mar 27 16:33:58 CET 2019
gloTermCOGS
creatorTermpt63043937

Acronym for of Cost of Goods Sold.


Glossary term
dateTermMon Aug 12 17:08:05 CEST 2019
gloTermCATS
creatorTermpt63043937

Acronym of Cross-Application Time Sheet. It is a cross-application tool for recording working times and tasks. It enables you to control all business processes concerning your employees’ tasks – from paying the employees, through monitoring the progress of a project, to creating invoices.

Glossary term
dateTermTue Sep 24 17:55:45 CEST 2019
gloTermCapex
creatorTermpt63037259

Capital expenditures, commonly known as CapEx, are funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, an industrial plant, technology, or equipment.

CapEx is often used to undertake new projects or investments by the firm. Making capital expenditures on fixed assets can include everything from repairing a roof to building, to purchasing a piece of equipment, to building a brand new factory. This type of financial outlay is also made by companies to maintain or increase the scope of their operations.

Put differently, CapEx is any type of expense that a company capitalizes, or shows on its balance sheet as an investment, rather than on its income statement as an expenditure.

Glossary term
dateTerm1655470319494
termLabels
gloTermCash Pooling
termAbbrs
termSyns
creatorTermeuse1567

Cash pooling is a way of centralizing cash, then redistributing this among subsidiaries. Subsidiaries will transfer their balance surplus to the master bank account. If the balance is in deficit, the master account in the structure will send the necessary cash down to the entities that need it.

Cash pooling is set up to manage the liquidity more efficiently by way of internal financing. Solvay SA also benefits as the company shall earn higher yield from larger available funds on hand from the cash concentration.