Glossary of Terms beginning with H
- HANA (SAP)
SAP HANA is a business data platform that processes transactions and analytics at the same time on any data type, with built-in advanced analytics and multi-model data processing engines that can be leveraged to develop next-generation applications for the intelligent enterprise.
Human Capital Management
- Hedged item
An asset, liability, firm commitment, highly probable forecast transaction or net investment in a foreign operation that (a) exposes the entity to risk of changes in fair value or future cash flows and (b) is designated as being hedging ([IPSAS 29] paragraphs 87–94 and Appendix A paragraphs AG131–AG141 elaborate on the definition of hedging items.
- Hedging instrument
A designated derivative or (for a hedging of the risk of changes in foreign currency exchange rates only) a designated non-derivative financial asset or non-derivative financial liability whose fair value or cash flows are expected to offset changes in the fair value or cash flows of a designated hedging item ([IPSAS 29] paragraphs 81–86 and Appendix A paragraphs AG127–AG130 elaborate on the definition of a hedging instrument).
- Held-to-maturity investments
Non-derivative financial assets with fixed or determinable payments and fixed maturity that an entity has the positive intention and ability to hold to maturity (see [IPSAS 29] Appendix A paragraphs AG29–AG38) other than: (a) Those that the entity upon initial recognition designates as at fair value through surplus or deficit; (b) Those that the entity designates as available for sale; and (c) Those that meet the definition of loans and receivables.
An entity shall not classify any financial assets as held to maturity if the entity has, during the current financial year or during the two preceding financial years, sold or reclassified more than an insignificant amount of held-to-maturity investments before maturity (more than insignificant in relation to the total amount of held-to-maturity investments) other than sales or reclassifications that: (a) Are so close to maturity or the financial asset's call date (e.g., less than three months before maturity) that changes in the market rate of interest would not have a significant effect on the financial asset's fair value; (b) Occur after the entity has collected substantially all of the financial asset's original principal through scheduled payments or prepayments; or (c) Are attributable to an isolated event that is beyond the entity's control, is non-recurring and could not have been reasonably anticipated by the entity.
- House Banks
Banks through which the company deals with payment transactions. House Banks and Banks are similar but the structure of a house bank is different to a bank in their G/L account composition. A House Bank can contain multiple G/L accounts allowing you to define one for each operation. You can define one for electronic payments, one for deposits, one for clearing cheques, one for currency purchases, etc. The sum of all these accounts will make the balance of the House Bank.
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