Glossary of Terms beginning with E

Enterprise Application Integration

Enterprise Central Component

Enterprise Content Management

Economic entity is a group of entities comprising a controlling entity and one or more controlled entities.

Economic life is either: (a) the period over which an asset is expected to yield economic benefits or service potential to one or more users; or (b) the number of production or similar units expected to be obtained from the asset by one or more users.

Electronic Data Interchange

Electronic Document Interchange/ Electronic Data Exchange is a computer to computer exchange of information (documents) in a standard electronic format between the UN and external vendors.

Effective interest method is a method of calculating the amortized cost of a financial asset or a financial liability (or group of financial assets or financial liabilities) and of allocating the interest revenue or interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument or, when appropriate, a shorter period to the net carrying amount of the financial asset or financial liability. When calculating the effective interest rate, an entity shall estimate cash flows considering all contractual terms of the financial instrument (e.g., prepayment, call and similar options) but shall not consider future credit losses. The calculation includes all fees and points paid or received between parties to the contract that are an integral part of the effective interest rate (see IPSAS 9, “Revenue from Exchange Transactions”), transaction costs, and all other premiums or discounts. There is a presumption that the cash flows and the expected life of a group of similar financial instruments can be estimated reliably. However, in those rare cases when it is not possible to estimate reliably the cash flows or the expected life of a financial instrument (or group of financial instruments), the entity shall use the contractual cash flows over the full contractual term of the financial instrument (or group of financial instruments).

Events Management

Events Management is a SAP application that facilitates the monitoring and management of events across the distributed processes involving partners, inventories and assets. It captures events from the UN's and partners' system, analyzes them against its predefined plan and alerts or workflows a response to the required staff to react.

Employee benefits are all forms of consideration given by an entity in exchange for service rendered by employees. Employee benefits mean all entitlements, salaries, allowances, benefits and incentives.

Enterprise Portals

Enterprise Portal Client Manager

An individual, physical object that is to be maintained as an autonomous unit and can be installed at a functional location or in part of a technical system. Each piece of equipment is managed in its own individual master record.

Status that describes the availability and usability of equipment. You can use the equipment status to define the functions that are permitted for particular equipment.

Equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.

Equity method is a method of accounting and reporting whereby the investment is initially recorded at cost and adjusted thereafter for the post-acquisition change in the investor's share of net assets/equity of the investee. The statement of financial performance
reflects the investor's share of the results of operations of the investee.

Enterprise Resource Planning

Enterprise Services Repository

Employee Self-Service

Executive Solution Summary

End User Training

Events after the reporting date are those events, both favourable and unfavourable, that occur between the reporting date and the date when the financial statements are authorized for issue. Two types of event can be identified - adjusting and non-adjusting events.

Exchange difference is the difference resulting from reporting the same number of units of a foreign currency in the reporting currency at different exchange rates.

Exchange rate is the ratio for exchange of two currencies.

Exchange transactions are transactions in which one entity receives assets or services, or has liabilities extinguished, and directly gives approximately equal value (primarily in the form of cash, goods, services, or use of assets) to another entity in exchange.

Contracts under which neither party has performed any of its obligations or both parties have partially performed their obligations to an equal extent.

Expenses are decreases in economic benefits or service potential during the reporting period in the form of outflows or consumption of assets or incurrence of liabilities that result in decreases in net assets/equity, other than those relating to distributions to owners