The table below displays Cornell revenue object codes, along with their names and descriptions and limits for their use. The table is sortable by clicking on the row headers. To search the table in your browser, use CTRL (for PC) or Command (for Mac) F and type in your search criteria. Your browser will find your keyword(s) on the page for you.
In KFS, four-character object codes represent all income, expense, asset, liability, and fund balance classifications that are assigned to transactions and help identify the nature of the transaction. Object codes are defined centrally with broad definitions so that they are available for use by more than one organization. They are specific to a chart and a fiscal year.
An account identifies a pool of funds assigned to a specific university organizational entity for a specific purpose. Accounts are the fundamental building blocks of KFS transactions, since one or more of them are always associated with a transaction.
The chart of accounts (COA) is the information stored in KFS that defines the codes and coding structures that enable KFS to record transactions in the general ledger. These are defined in ways that enable Cornell to meet its operational, managerial, and external financial reporting needs.
The chart of accounts stores six main types of information:
The accounting functions within DFA fall primarily under the responsibility of the associate controller.
Accounting provides guidance to the units on general ledger transactions and monitors accounting practices in the areas of invested funds, restricted gifts, and other general accounting topics. It also, along with Financial Information Services (FIS), produces the university's annual audited financial statements.