Glossary of Terms beginning with G
Galileo Decommissioning Project
Global Freight Forwarding
A Geographic Information System is a sytem designed to capture, store, manipulate, analyze, manage and present spatial or geographic data in a desired format.
- GL Account Master Record
GL Account is a financial accounting master data object that receives the value postings for various journal entries and thus support the value items shown in the financial statements.
- Goods Issue
Confirmation of a delivery being completed. This transaction is performed after validating all expected objects have been loaded and physically shipped.
- Government Business Enterprise
Government business enterprise is an entity that has all the following characteristics:
(a) is an entity with the power to contract in its own name;
(b) has been assigned the financial and operational authority to carry on a business;
(c) sells goods and services, in the normal course of its business, to other entities at a profit or full cost recovery;
(d) is not reliant on continuing government funding to be a going concern (other than purchases of outputs at arm's length); and
(e) is controlled by a public sector entity.
Used to solicit, accept and record sponsor funds, enforce sponsor conditions, and report back to the sponsor based on sponsor's requirements. Previously known in the UN as a Trust Fund.
- Gross investment in the lease
Gross investment in the lease is the aggregate of the minimum lease payments under a finance lease from the standpoint of the lessor and any unguaranteed residual value accruing to the lessor.
- Guaranteed residual value
(a) in the case of the lessee, that part of the residual value which is guaranteed by the lessee or by a party related to the lessee (the amount of the guarantee being the maximum amount that could, in any event, become payable); and
(b) in the case of the lessor, that part of the residual value which is guaranteed by the lessee or by a third party unrelated to the lessor who is financially capable of discharging the obligations under the guarantee.