Chart of Accounts - Chart U
Identifies a set of self-balancing accounts and signifies hierarchical ownership by
Cost Center.
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. Cost Centers have departments and an Org is your department.
Identifies objects, such as the general ledger accounts that include Assets and Liabilities
or operating ledger accounts that include Income, Expenditures and Transfers.
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.
LOCATION
Primarily used within the Fixed Asset Module to signify the physical location of an
asset being purchased. Location codes are optional and in addition to the Fixed Asset
module are only assigned for specific University Grant transactions.
ACTIVITY
Used to further define an object of expenditure for a specific event or major activity
and may vary in nature. Activity codes are optional and are currently assigned only
to transactions related to specific University Grant activities.