GlossaryThis glossary includes terms that are shared by all Oracle Financial Applications products.

ABCDEFGHIJKLMNOPQRSTUVWXYZ4-4-5 calendar A calendar with 12 uneven periods: typically two four-week periods followed by one five week period in a quarter. Calendars are defined in General Ledger and Oracle subledger applications. Depreciation is usually divided by days for a 4-4-5 calendar. Since a 4-4-5 calendar has 364 days per year, it has different start and end dates for the fiscal year each year. 1099 form The forms the United States Internal Revenue Service supplies to record a particular category of payment or receipt. 1099 number The tax identification number for a supplier. According to IRS rules in the United States, lack of a valid tax identification number may result in tax withholding. Payables stores the tax identification number for each supplier. Payables also lets you to enter a withholding status for each supplier. 1099 types A 1099 classification scheme used in the United States for types of payments. Each 1099 form has one or more payment types. A 1099 supplier may receive payments from more than one type. The 1099-MISC form has the following types: rents, royalties, prizes and awards, federal income tax withheld, fishing boat proceeds, medical and health care payments, non-employee compensation, and substitute payments in lieu of dividends or interest. Payables records 1099 payments by type so that you can report them according to IRS requirements. 2-way matching The process of verifying that purchase order and invoice information matches within accepted tolerance levels. Payables uses the following criteria to verify two-way matching: Invoice price