A card issued to a card custodian or cardholder for the purpose of making authorized purchases of goods or services on credit on behalf of the agency.

A card issued by a financial institution allowing the cardholder to  purchases goods or services, or withdraw money from their account.  When the cardholder makes a purchase or a withdrawal the funds are immediately deducted from their available bank account balance.  Debit card issuers partner with major credit card companies, such as Visa and Mastercard, to allow cardholders to use their debit cards at all locations where credit cards of that brand are accepted.

A payment card issued by a financial institution that allows cardholders to borrow money to make purchases of goods or services with the understanding that the cardholder will repay the borrowed amount within a specified timefrane, along with any applicable charges and fees.

The acceptance and/or disbursement by state agencies of state funds and/or information via online platforms or over the internet.

The Interagency Bank Account in Workday represents a clearing account used to facilitate: 
1. The transfer of treasury cash between state agencies, or 
2. The transfer of treasury cash between funds within the same agency.

Measurement focus that considers all of the assets available for the  purpose of providing goods and services and reports all inflows, outflows, and balances affecting or reflecting an entity’s net  position. The economic resources measurement focus is used for proprietary and fiduciary funds, as well as for governmentwide financial reporting. Refer to Measurement Focus.

Measurement focus used by governmental funds that  accounts for the near-term (current) inflows, outflows, and balances of expendable (spendable) financial resources. Refer to Measurement Focus.

An independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

These standards are for the conduct and reporting of financial audits, attestation engagements, and performance audits in the public sector. The basic GAGAS (commonly known as  the Yellow Book) standards are classed into three broad categories: general standards, fieldwork standards, and reporting standards.

The process of evaluating the quality of internal control performance over time and promptly addressing internal control deficiencies. Monitoring of the internal control system is essential in helping internal controls remain aligned with changing objectives, environment, laws, resources, and risks.