FUND
Identifies a set of self-balancing accounts and signifies hierarchical ownership by Cost Center.
Example: General Operating (A), Income Accounts (B), Designated (E), Grants and Contracts (I, K, M, O)
University Fund Hierarchy Report
ORGANIZATION
Identifies a unit of responsibility within the Institution. It defines “who” spends the money. It is the organizational unit responsible for financial activity within the fund. “Org” is your department, hierarchical by Cost Center.
Example: Art & Design , College of Arts & Letters
University Organization Hierarchy Report
ACCOUNT
Identifies objects, such as the general ledger accounts and operating ledger accounts. For example Income, Expenditures and Transfers. Classifies revenues and expenditures by type and spending categories. Revenue account codes reflect the types of revenue received, such as tuition or auxiliary sales revenue. Expenditure account codes reflect the type of expenditure, such as travel, supplies or services.
Example: Miscellaneous Income, Travel, Sup-Office
University Account Hierarcy Report
PROGRAM
Identifies a function and enables the institution to establish a method of classifying transactions across organizations and accounts. It reflects the major purpose of a transaction. Program codes accumulate expenditure information into major categories such as instruction, research, and academic support.
Example: On-Campus instruction for Credit, Scholarships
University Program Hierarchy Report
ACTIVITY
Used to further define an object of expenditure for a specific event or major activity. Activity codes are assigned to transactions that are funded or shared by more than one organization. Activities are optional and are not being used in the University Chart at this time.
LOCATION
Primarily used by the Fixed Asset Module to signify the physical location of an asset being purchased. Location codes are optional and are not being captured in University transactions outside of the Fixed Asset module.