Glossary of Terms beginning with P

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Process Architecture Document

Past due

A financial asset is past due when a counterparty has failed to make a payment when contractually due.

Past service cost

The change in the present value of the defined benefit obligation for employee service in prior periods, resulting in the current period from the introduction of, or changes to, post-employment benefits or other long-term employee benefits. Past service cost may be either positive (when benefits are introduced or changed so that the present value of the defined benefit obligation increases) or negative (when existing benefits are changed so that the present value of the defined benefit obligation decreases).


Police Countributing Country


Procurement Division


Project Design Document


Process Definition Document


Process Integration


Project Initiation Document


Product Integration Test(ing)


Peace Keeping

Plan assets

Plan assets comprise: (a) assets held by a long-term employee benefit fund; and (b) qualifying insurance policies.


Product Lifecycle Management


Project Management Office/Project Management Officer


Personal Name or Number Record


Purchase Order

Post-employment benefits

Employee benefits (other than termination benefits) that are payable after the completion of employment.

Postemployment benefit plans

Postemployment benefit plans are formal or informal arrangements under which an entity provides postemployment benefits for one or more employees.


Projects Portfolio Management


Production Environment

Present value of a defined benefit obligation

Present value of a defined benefit obligation is the present value, without deducting any plan assets, of expected future payments required to settle the obligation resulting from employee service in the current and prior financial periods.

Presentation currency

Presentation currency is the currency in which the financial statements are presented. For the UN this is the US$.

Preventive Maintenance Order

Means of documenting maintenance work.

Primary Cost Element

Provides segregation of cost by 'nature of expense' and are created one-to-one with corresponding PandL accounts. They allow simultaneous posting to Finance (FI) and Controlling (CO).

Prior period errors

Prior period errors are omissions from, and misstatements in, the entity's financial statements for one or more prior financial periods, arising from a failure to use or a misuse of reliable information that (a) was available when financial statements for those financial periods were authorized for issue; and (b) could reasonably be expected to have been obtained and taken into account in the preparation and presentation of those financial statements.


Partner Relationship Management

Production Support

Assistance provided to end users to allow them to transition to and use UMOJA.

Profit Centres

Profit Centres represent an area of responsibility within a company. It is typically a unit which monitors both costs and revenues and which behaves as an independent operating unit for which a separate operating statement and balance sheet can be calculated for external reporting.

Property, plant and equipment, (PPE)

Property, plant and equipment, or PPE, are tangible items that are (a) held for use in the production or supply of goods or services, for rental to others or for administrative purposes; and (b) expected to be used during more than one reporting period. Property, plant and equipment should not be confused with inventories as defined above, although they may be counted and physically verified.

Proportionate consolidation

Proportionate consolidation is a method of accounting and reporting whereby a venture's share of each of the assets, liabilities, revenue and expenses of a jointly controlled entity is combined on a line-by-line basis with similar items in the venture's financial statements or reported as separate line items in the venture's financial ' statements.

Prospective application of changes in accounting policy and accounting estimates

Prospective application of a change in accounting policy and of recognizing the effect of a change in an accounting estimate, respectively, means: (a) applying a new accounting policy to transactions occurring in the financial period when the policy is changed; and (b) recognizing the effect of the change in the accounting estimate in the current, and where applicable, future financial periods affected by the change.


Provision is a liability of uncertain timing or amount.


Performance Testing


Project Team Training