Cornell University Policy Library -- Policy 3.7

ACCOUNTING: SYSTEM STRUCTURE AND TRANSACTIONS

Volume 3, Financial Management 
Chapter 7, Accounting
Responsible Executive:Vice President for Financial Affairs and University Controller
Responsible Office: University Accounting
Issued: February 1996
Errors or changes? Email us.


CONTENTS


POLICY STATEMENT

REASON FOR POLICY

ENTITIES AFFECTED BY THIS POLICY

WHO SHOULD READ THIS POLICY

RELATED DOCUMENTS

CONTACTS

DEFINITIONS

POLICY OVERVIEW

ACCOUNTING SYSTEM STRUCTURE

General Comments

What is an Account?
How to Set Up an Account
ACCOUNT ATTRIBUTES
What are Account Attributes?

Fund Group Code (FND), General
Function Code (FNC)
Source Code (SRC)
Analysis Option Code (AO)
Account Type Code (TYPE)
Organization Code (ORG)
Balance Sheet Classification
Disaggregation Code
Restriction Classification
Financial Statement Category
Catalogue of Federal Domestic Assistance Number (CFDA)
Grant/Contract Indicator (G/C)
TRANSACTION CHARACTERS
What are Transaction Characters?

Department (DEPT)
Subledger (SUBL)
Object (OBJ)
  • Credit Object Codes

  • Debit Object Codes
    Transfer Object Codes
    Allocation Object Codes
  • Project (PRJ)

  • Department Use Only (DUO)
    REPORTING
    General Comments
  • Transaction Processing Schedule
  • Routine Monthly Reports
  • Sample Reports

  • Use of Parentheses
    Listing of Routine Monthly Reports
    Report Elements
    Schedule of Departmental Balances
    Common Header and Footer Information
    Monthly Transaction Statement
    Financial Analysis Statement
  • Annual Reports
  • Annual Financial Statements

  • Role of Auditors
    Timeline
    Fiscal Year-End Closing: General Comments
    BUSINESS-RELATED EXPENSES
    Direct and Indirect Cost
  • Modified Total Direct Cost

  • Direct and Indirect Costs: Example
    Nonrecoverable Costs

  • Nonrecoverability: The Department's Responsibility

  • Determining Nonrecoverable Costs
    Specific Nonrecoverable Costs
    Recording a Nonrecoverable Cost by Code
    Enterprise Units and Nonrecoverability

    APPENDIX
    Categorical Listing of Credit Object Codes
    Categorical Listing of Debit Object Codes
    Alphabetical Listing of All Object Codes
    Serial Listing of All Object Codes
    Indirect Cost Calculation Components
    Debit Object Codes Excluded from MTDC Base
    Instructions for Using the Transfer Code Chart
    Transfer Code Chart
    Monthly Calendar Processing Schedule, Sample
    FORMS
    Request for Data Access
    New Account Request Form
    RATES


    More of this Policy