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. |
PLIF - Liability |
Liability |
2500 |
Use: Limited to the Division of Financial Affairs. |
Liability - Living Trust |
Liability |
2540 |
Use: Limited to the Division of Financial Affairs. |
PLIF - Income |
Liability |
2530 |
Use: Limited to the Division of Financial Affairs. |
Liability - Gift Annuity |
Liability |
2550 |
Use: Limited to the Division of Financial Affairs. |
Investments - Separately Invested |
Asset |
1745 |
Use: Limited to the Division of Financial Affairs. |
Investments - DASNY |
Asset |
1750 |
Use: Limited to the Division of Financial Affairs. |