Specifications

Computer Tutorial 3 Appendix D  3
Finder window
A window that displays a list of input options for a specified field. For example, clicking the
Finder button beside the Account field will open a Finder window that displays a full list of
all accounts.
Fiscal periods
Fiscal periods are divisions of the fiscal year, typically monthly, quarterly, or semi-annually,
when transaction information is summarized and financial statements are prepared.
Fiscal year
A period of 365 days that is defined for recording and reporting financial information. A
fiscal year is usually made up of 12 one-month fiscal periods, although it can also be
13 four-week fiscal periods.
Future period
A future period is a period beyond the current fiscal year in which accounting information can
be entered before closing the fiscal year. Future periods allow a business to continue
recording accounting transactions for a new year while waiting for information necessary to
close the current year, such as year-end adjusting entries.
General ledger
A ledger comprising all asset, liability, equity, revenue, and expense accounts in the form of
detailed, summary, or controlling accounts.
G/L options
A window containing the semi-permanent information about the general ledger for an
organization, such as name, address, telephone numbers, posting, and segment information.
Income statement account
An account that is printed on the income statement.
Journal
In a manual accounting system, a book of original transaction entries. In Accpac, a
classification of transactions, such as sales or cash disbursements.
Journal entry
A transaction recorded in a formalized manner by entering an account and the amounts to be
debited and credited.
Journal entry number
A number that identifies a group of related entries that are posted collectively as a single,
complete transaction.
Ledger
A set of accounts used to record financial transactions.
Multi-user
A multi-user application allows two or more users at separate computers to work with an
application simultaneously and to share information using a network.
Natural account segment
The main segment is the segment of posting accounts that has been designated as the sorting
option for accounts on financial statements. Typically, the main segment is the segment that
determines whether the account is an asset, liability, owner’s equity, revenue, or expense
account.