ABAP FAQ

Internal Order

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A non-sponsored Cost Object (for example, funding from the MIT Provost) used to track costs over periods other than fiscal years. Internal Orders are often created to track gifts or endowments at MIT.

WBS Element:

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WBS Elements are funded by outside sponsors and are used to track costs of a particular research project over the entire span of its activity. They may also be created to track other sponsored activities, such as gifts.

Cost Object:

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A Cost Object collects expenses and revenues for a particular purpose, such as a research project. In SAP there are three types of cost objects: Cost Center, Internal Order, and WBS (Work Breakdown Structure) Element (see below for definition).

Workflow

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A routing tool in SAP that forwards documents for review or approval. For example, a requisition that needs to be approved is sent to the appropriate approver’s inbox. Workflow is also used to route journal vouchers, credit card charges, and other documents in SAP.

Transactional data

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Transactional data is data related to a single business event such as a purchase requisition or a request for payment. When you create a requisition, for example, SAP creates an electronic document for that particular transaction. SAP gives the transaction a document number and adds the document to the transaction data that is already in … Read more

Master data

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Master data is a collection of information about a person or an object, e.g. a cost object,vendor, or G/L account. For example, a vendor master record contains not only generalinformation such as the vendor’s name and address, but also specific information, suchas payment terms and delivery instructions. Generally for end users, master data isreference data … Read more