Prior Year Gift Adj only-MUST EQUAL 0 |
Income |
7060 |
AAD/DFS USE ONLY. Used to transfer prior year gifts from one account to another. The restriction class on the account must be the same. This object code is used on both sided of the transaction with the net affect to the current year being zero. |
Transfer Out - to True Endowment |
Expense |
8020 |
AAD/DFS USE ONLY. Used in trust or CU Foundation accounts when funds are designated for a true endowment. |
Interest Income - Outside Trusts |
Income |
4420 |
AA&D USE ONLY. Interest income or dividends received on Outside Trusts. |
NO - Interest Income - Outside Trusts |
Income |
3285 |
AA&D USE ONLY. Interest income or dividends received on Outside Trusts. |
Non Operating - CU Foundation Distr |
Expense |
3325 |
AA&D USE ONLY, Non Operating, CU Fdn distributions made outside of Cornell. |
Accounts Payable |
Liability |
2000 |
A current liability representing money owed by Cornell to outside sources. Use: Fringe Benefits (pension, insurances), taxes, garnishments, |
Accounts Payable Other |
Liability |
2020 |
A current liability representing money owed by Cornell to outside sources. Anything not recorded on object code 2000. Use: Fringe Benefits (pension, insurances) |
Inventories - Supplies |
Asset |
1605 |
A current asset whose ending balance should represent the supply cost of an authorized department's products awaiting to be sold. Use: Record supplies purchased resale including all costs associated with the product (i. e. shipping). |
Work In Progress |
Asset |
1601 |
A current asset whose ending balance should represent the goods that are on the factory floor. The manufacturing of these goods has begun but has not yet been completed. Use: Used as a temporary holding area prior to completion of a manufactured product. Once production is complete cost must be moved to OC 1600. |
Inventories - Food |
Asset |
1606 |
A current asset whose ending balance should represent the food cost of an authorized department's products awaiting to be sold. Use: Record food purchased for resale including all costs associated with the product (i. e. shipping). |
Inventories |
Asset |
1600 |
A current asset whose ending balance should represent the cost of an authorized department's products awaiting to be sold. Use: Record items purchased for resale including all costs associated with the product (i. e. shipping). |
Allow Doubtful Acct - Student Loan |
Asset |
1680 |
A current asset used when bad debt expense is recorded prior to knowing the specific student loan accounts that will be uncollectible. Use: Helps distribute cost of loan write off over many years and normalizes fund balance activity. |
Allow Doubtful Acct - Student AR |
Asset |
1685 |
A current asset used when bad debt expense is recorded prior to knowing the specific student accounts receivable that will be uncollectible. Use: Helps distribute cost of student A/R write off over many years and normalizes fund balance activity. |
Accounts Receivable |
Asset |
1200 |
A current asset representing an amount due Cornell resulting from the sale of goods or services. Use: Any department where goods and services are invoiced. |
Accounts Receivable - Contract Grant |
Asset |
1300 |
A current asset representing an amount due Cornell as a result of invoicing Contract & Grant agreements or Federal Appropriations. Use: Restricted for DFS use only. |
Liability - Living Trust |
Liability |
2540 |
Use: Limited to the Division of Financial Affairs. |
Investments - Separately Invested |
Asset |
1745 |
Use: Limited to the Division of Financial Affairs. |
Liability - Gift Annuity |
Liability |
2550 |
Use: Limited to the Division of Financial Affairs. |
Investments - DASNY |
Asset |
1750 |
Use: Limited to the Division of Financial Affairs. |
Investments - Other |
Asset |
1755 |
Use: Limited to the Division of Financial Affairs. |