The terminology used by UBC’s finance community in PeopleSoft has changed with the launch of Workday. The table below provides a quick reference guide for some key terms.
| Current Terminology (with PeopleSoft) | Future Terminology (with Workday) |
|---|---|
| Budget Development | Budgets |
| Capital and Asset Accounting | Business Assets |
| Chart of Accounts | Foundation Data Model |
| Institutional Accounting | Financial Accounting |
| Procurement | Procurement (no change) |
| Accounts Payable | Supplier Accounts |
| Research/Post Award Grants Administration | Grants Management |
| Revenue Accounting | Customer Accounts |
| Treasury and Cash Management | Banking & Settlements |
| Travel and Expense | Expenses |