Quick Reference: Terminology

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