Ohio University COA Redesign Project Campus Users Input on Proposed COA Structure October 6, 2015.

Slides:

Advertisements

Similar presentations

Yavapai College Banner Finance Training FOAP Coding.

Advertisements

ACCT 2110 GENERAL LEDGER. ACCOUNTING EQUATION n Assets = Equities n Assets = Liabilities + Owner’s equity.

Good Day This is your 30-Second $ Asset Development $ Training ENJOY Click here to begin.

PeopleSoft Financials 8.4 Implementation Project Chart Of Accounts Rollout December 3, 2002.

Principle #1 - Accounting and reporting capabilities

Pace University SPARTA Financial Management System FMS Chart of Accounts Structure Introduction to the.

Introduction to CSU Reporting

COA Definitions June 10, The proposed Rutgers Chart of Accounts structure comprises nine segments used to satisfy financial reporting requirements.

Chart of Accounts Overview ALASBO Power Lunch January 15, 2008 Presented by Elwin Blackwell, Internal Auditor Department of Education & Early Development.

ACCT Accounting 4070 Chapter 2. ACCT Types of Gov’t Activities Governmental Business-type Fiduciary.

UMBC PeopleSoft 8.4 Financials Chart of Accounts.

BUDGET WORKSHOP Chartfields and OTPS Reports. AGENDA Chartfields OTPS Reports Questions.

Define Governmental Operating Activities © Dale R. Geiger

“Keeping your money in your pocket, where it belongs.” Chart of Accounts Update Florida Court Clerks & Comptrollers - New Clerk Academy March 13, 2014.

Office of Business and Financial Services University Accounting and Financial Reporting Accounting FUNdamentals for Non-Accountants: What you need to know.

CFS Design and Conversion Teams May 4, 2009 CFS Finance 9.0 Chart of Accounts Conversion Discussion.

What financial statement uses net income (or net loss) taken directly from the income statement?

Chart of Accounts.

The Purpose of Accounting Assignment One. Introduction.

Banner Finance Training FOAP Coding. Objectives  Overview of Banner Finance System  Introduce Banner Ledgers and Chart of Accounts Elements  Explanation.

Concepts Statement No. 3 Communication Methods in General Purpose External Financial Reports That Contain Basic Financial Statements Issued: April 2005.

Annual Financial and Compliance Audit Board of Trustees Presentation January 21, 2014 Sheldon Independent School District.

SUNY Maritime Internal Control Program. New York State Internal Control Act of 1987 Establish and maintain guidelines for a system of internal controls.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 1 LESSON 1-1 General Ledger Chart of Accounts – refer to it often (CofA) Acc’t for simplest.

ACC 290 Week 1 DQ 2 What are debits and credits? How are debits and credits used to record business transactions? Why do accountants debit asset accounts.

ACCOUNTING & FINANCE Saturday, July 22, 2017

Vicii Kirkpatrick Group Financial Planning & Analysis Manager

How to do Cash Flow Statements

Chart of Accounts Trainers:

Financial Accounting Fundamentals

Church Accounting Standards

Chapter 6 Work Sheet for a Service Business

Recording Daily General Journal entries in a manual system

Week 4 & 5 Financial Reports.

Government and Non-Profit Accounting

Determining the Complete General Ledger (G/L) Account Number

SOUTHGATE COMMUNITY SCHOOLS AUDIT REPORT

Accounting for Governmental & Nonprofit Entities

Statement of Revenues, Expenditures, and Changes in Fund Balance

6.00 Understand Financial Analysis

Accounting at Oregon State University

Government and Non-Profit Accounting

Module 1 Chart of Accounts (CoA) Overview

Environment and Theoretical Structure of Financial Accounting

AUD_Introduction to Chart of Accounts

Ohio University COA Redesign Project Campus Users Input on Proposed COA Structure October 6, 2015.

Post-Adoption Budget Changes

Finance Fundamentals Building the Structure Account Type

(2) Statement of Cash Flows

6.00 Understand Financial Analysis

© 2008 The McGraw-Hill Companies, Inc., All Rights Reserved.

Accounting courses in Chandigarh.

Farmersville, Texas Audit Presentation September 30,

Correcting Entries Training

Things Financial + Oct 2015.

إعداد القوائم المالية Preparation of Financial Statements

Business Process Re-Engineering Finance Transformation “SAP 101”

NJASBO School Finance/Accounting

Cornerstones of Financial Accounting, 3e.

Chart of Accounts Overview

Business Transactions and the Accounting Equation

Accrual Accounting Presented by Campus Services.

FUND ACCOUNTING INFORMATION PRESENTATION

Correcting Entries Training

OFFICE OF BUSINESS AND FINANCIAL SERVICES –

Closing of Books Business Services May 8, 2019.

CtcLink Update Emmett Folk BAR Council Meeting, June 2019.

Presentation transcript:

Ohio University COA Redesign Project Campus Users Input on Proposed COA Structure October 6, 2015

Agenda COA Segment Definitions Proposed COA Structures Ensure everyone understands the meaning/purpose of each segment Proposed COA Structures Recommendation on proposed segment order

COA Segment Definitions

COA Segment Definitions Description Example Activity Why is the transaction occurring? Tracking Segment for Departments Key Programs and/or initiatives. 31000 – Commencement Entity Who is responsible for the transaction? It identifies the Major Reporting Components of Ohio University; who owns assets, liabilities or fund balances. Provides clear, easily understood segregation and security. 01 = University 02 = Foundation Function Why is the transaction occurring? Represents classification of expenditures by purpose as required for governmental financial statements. Can be A21, NACUBO. Instruction, Research Fund How is the money funded? Identifies where the money is coming from. Fundamental segment for fund basis accounting. 10,000 to 39,999 = Foundation Funds 60,000 to 89,999 = University Funds Natural Account What kind of transaction is taking place? Identifies type of transaction; Asset, Liability, Revenue, Expense. 15200 Work Study Students Org Where is the transaction taking place? Identifies where the transaction occurs, who is spending or generating money. Lowest Organization level that is transacted. 04150 - Mathematics

COA Proposed structure

Proposed COA Segments Activity-Entity-Function-Fund-Natural Account-Org Options for order of proposed segments: Entity-Fund-Org-Nat Acct-Activity-Function Entity-Fund-Org-Activity-Function-Nat Acct Org-Fund-Nat Acct-Activity-Entity-Function Nat Account–Entity-Fund-Org-Function-Activity Others?