- To adjust values by multiplication or division.
Muli uses a single factor concept xxx.xxx, ie:
2.000 = multiply by 2
0.200 = 20% of value
1.200 = 120% of value
- Fair Market Value – The price at which a willing buyer will pay a willing seller when both parties know the relevant facts about the supplied product or service.
- Field Name
- File Type 441
- Financial Statement – Documents that present financial data such as balance sheets, income statements and IFRS (working progress by project).
- Financial Year – In Australia, 1 July to 30 June.
Many overseas companies use 1 April to 31 March
Financial Year 2016 is 1 July 15 to 30 June 16
- Finish Date – The date by which the activity or project is to be finished
- Fiscal Year – A period of 12 consecutive months chosen by a business as their accounting year. In Australia 30 June and many overseas countries 31st March.
- Fixed assets: An asset with a lifespan that exceeds one year, such as vehicles, property, machinery and other long-term investments.
- Flow of Funds: A report that shows how a company’s balance sheet data has progressed from one accounting period to the next.
- Folio Number – Each accounts payable transaction is given a sequential number starting at F10000001. They are nick-named “Foos”Muli’s goal is to file paperwork ASAP – to get it off the desk and into a file.As the information is entered into Muli, the software will generate the next Folio number and prompt the operator to write it down.Muli provides a special date stamp to each new client to facilitate recording key details on the original paperwork.There is space for PROJECT, ORDER, ALLOCATION & FOLIO/RISK NUMBER.The Folio system allows for corrections. Normally folio “b” would reverse folio “a”. Then folio “c” would be the required transaction. This keeps all related transactions together. The Folio numbers for Accounts Payable start with an “F” and to distinguish the Folio Numbers for Accounts Receivable their Folios start with a “V”; and Folios for Payroll start with a “P”.
- Folio Received amount include G.S.T – The total value of an invoice usually in the bottom right of provided invoice.
- Follow on 414
- Follow-up-by-Who is to follow up to ensure completion.
- Follow-up by Date – Date by which activity needs to be completed.
- Follow-up Date HR – In Human Resources Management an option exists to insert Follow-up dates to help management of HR processes.
- Forecast: An estimate of the future finances of a company based on contractual obligation and expectations.
- Forecast Gross Contributions (Fsct Cont) – The total value of contribution the project is expected to/has made to Overheads over the life of the project. (This value is not displayed to all Users)
- Forecast Offsite Date – At the start of the Project Review process, the project managers are required to confirm a number of key end dates as this is required to ensure sufficient preliminary resources are allowed to enable the project to be completed.
- Forecast Paper Finish – After Practical Completion, there is the finishing off and defects rectification (if applicable) and at the end of the Defects Liability a return of final retentions to key subcontractors and in some cases, a final payment from the Client or (hand-back of guarantee)
- Forecast Practical Completion – Most contracts define “Practical Completion” conditions and the project manager shall verify the conditions necessary for achieving practical completion and ensure the correct contractual document verifies the achievement is signed by the client’s representative s this usually starts the defects liability period running.
- Form Type 216
- Fraud: The deliberate misuse or application of a company’s resources or assets.
- Paid to Date – Date to which the Payroll has been paid to – could be in the future where holiday pay is involved.
- Frequency – A measure of the rate of occurrence of an event expressed as the number of occurrences of an event in a given time. See also Likelihood and Probability.
- Full Legal Name – The registered name of the entity associated with ABN as opposed to tracking name, which is the common name used in referring to an organisation – very important to be correct, especially if legal actions are occurring.
- Function Points – In software, function point analysis provides a basis for estimating the time and resources required to complete the work. MULI provides this concept as a measure of work, noting you need to develop/adopt a company standard of measurement.