Enterprise Software or Enterprise Application Software
A type of software, also known as enterprise software, which is intended to solve an enterprise problem rather than a departmental problem.
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Glossary
Federal Reserve System (The Fed)
The central banking system of the U.S.; responsible for setting monetary policy and promoting the stability of financial institutions and the financial system in the U.S.
Financial Institution (FI)
A company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.
Financial Technology or FinTech
New technology and innovation that aims to compete with traditional financial methods in the delivery of financial services.
General Ledger (GL)
A set of numbered accounts a business uses to keep track of its financial transactions and to prepare financial reports.
Generally Accepted Accounting Principles (GAAP)
a common set of accounting principles, standards, and procedures issued by the Financial Accounting Standards Board (FASB). Aims to improve the clarity, consistency, and comparability of the communication of financial information.
Hash
A function that converts an input of letters and numbers into an encrypted output of a fixed length. A hash is created using an algorithm and is essential to blockchain management in cryptocurrency.
Historical Exchange Rate
Foreign exchange rates which give traders a historical reference of how a currency pair has traded in the past.
International Financial Reporting Standards (IFRS)
The set of accounting standards developed and maintained by the International Accounting Standards Board with the intention of being applied on a globally consistent basis. Mandated for use by more than 100 countries, including the European Union and by more than two-thirds of the G20.
International Organization for Standardization (ISO)
An international standard-setting body composed of representatives from various national standards organizations across numerous industries.