Chartfields 101 - Pepperdine University
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Transcript Chartfields 101 - Pepperdine University
Chartfields 101
AUGUST 2012
PRESENTED BY
BRIAN THOMASON
ASSOCIATE VICE PRESIDENT AND UNIVERSITY
CONTROLLER
Chartfields
An individual field representing a portion of the
accounting structure.
Each field captures a different element of
information regarding the transaction (e.g., who,
what, where, why).
Chartstring
A set of chartfields “strung” together to represent the
proper categorization of a financial transaction
A chartstring is the combination of chartfield values.
Chartfield Values
Business Unit - required
Fund - required
Dept ID - required
Account - required
Class - optional
Program - optional
Product - optional
Project - optional
Operating Unit - optional
Business Unit
Used to distinguish legal business entities.
PUNIV (Pepperdine University), PUWSI, PUWEI
and PUWPI
Required.
Fund
Provides information about the type of funding,
including restriction, designation, or purpose.
First letter: U, T, P
Examples: UONDA, UODNS, UPPRJ, UGFED and
PETEN
Department
Identifies the department for which a transaction is
taking place
6-digit numeric, generally grouped by major area
Summary nodes start with “S” or “KK” – allow for
“roll-up reporting”
Account
The account defines what is being recorded on a
financial transaction. This chartfield is used to track
assets, liabilities, fund balance (equity), revenues
and expenses.
1= Asset
4 = Revenue
2=Liability
5 = Expense
3 = Fund Balance
6 = Transfer
9 = Budget Only
Class
Indicates the purpose of the transaction.
Required if “Account” is a Revenue (4) or Expense
(5).
AE = Auxiliary Enterprise
AG = Agency
AS = Academic Support
FD = Fundraising
IN = Instruction
IS = Institutional Support
MB = Membership Development
OM = Ops and Maintenance
PS = Public Service
RS = Research
SF = Scholarship
SS = Student Services
Program
Defines a specific academic program within the
various schools.
Required if “Department” is academic.
5 = Seaver College
6 = GSBM
7 = Law
8 = GSEP
9 = SPP
Product
A user defined field.
Not managed centrally
Product 1034 could mean something different in the
Biology Department than Product 1034 does in the
Accounting Office.
Project ID
Used to identify and accumulate financial
transactions associated with a capital project
(construction of a new building) or a sponsored
program (also known as a grant).
Required for grants or capital expenditures
10 = Capital Project
15 = Renewal and Replacement
20 = Grant
30 = Departmental Project
40 = Campaign
Operating Unit
Specifically identifies the funding source for certain
designated activities.
Required for certain “Funds”.
Questions?
Thank you!
[email protected]
x7269