|
Transfer In - from Capital Long-Term |
Income |
7057 |
Used to move funds from the non-operating, capital long-term fund, part of the strategic initiatives sub-fund |
|
Contract & Grant Revenue Indirect Fed |
Income |
4486 |
Indirect revenue from contracts and grants. Limited to University Controller |
|
Fees - Professional Mandatory |
Income |
4200 |
Mandatory fees for the professional schools. Limited to University Bursar |
|
NO - Gifts Cash |
Income |
3255 |
CENTRAL USE ONLY (AA&D) Non-operating Donors' gifts of cash. |
|
Transfer In-frm Intrnl Treasry Loan Prog |
Income |
7058 |
DFS USE ONLY: Used to move funds from Internal Treasury loan program. |
|
Nominal Close- CreditSummary Object |
Income |
4490 |
Income summary object code used in the Nominal Close process at Year End. Limited to University Controller |
|
SHP IBNR |
Liability |
2218 |
Use to record claims incurred but not yet reported for student health plan use only |
|
Deferred Comp |
Liability |
2220 |
Earned income that is payable at a later date and taxed at some point in the future. Use: Retirement plans, pension plans and stock-option plans. |
|
Deferred Benefits - LTIP Invest Earnings |
Liability |
2226 |
LTIP monthly investment earnings for Deferred Benefits accounts. Restricted for DFS use only. |
|
Deferred Benefits - Postemployment |
Liability |
2227 |
Accrued post-employment benefit obligations. Use: Workers' compensation and medical continuation benefits for those on long-term disability |
|
Deferred Comp - LTIP Investment Earnings |
Liability |
2228 |
LTIP monthly investment earnings for Deferred Compensation accounts. Restricted for DFS use only. |
|
Deferred Revenues |
Liability |
2240 |
Advance payments or unearned revenue. Revenue that is received but not earned in the current fiscal period. Use: Summer sessions; tuition is collected for the summer but not earned until the expense is recognized in a following period. |
|
Accounts Payable |
Liability |
2000 |
A current liability representing money owed by Cornell to outside sources. Use: Fringe Benefits (pension, insurances), taxes, garnishments, |
|
Deferred Deposits |
Liability |
2250 |
Deposits received but not used in the current fiscal period. Use: Deposits collected for hosted events for catering, space, etc. Cornell Cooperative Ext. deposits from counties. |
|
Accrued Expenses |
Liability |
2010 |
Accrued expenses are expenses that have been incurred but are not yet invoiced. Therefore they will not appear on the financial statements unless an adjusting entry is entered prior to month end. Use: Used to properly record expenses within an accounting period. |
|
Finance Lease Liability Real Estate |
Liability |
2260 |
Used to record Finance Lease Real Estate activity. DFS Use Only. |
|
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) |
|
Finance Lease Liability Equipment |
Liability |
2261 |
Used to record Financial Lease Equipment activity. DFS Use Only. |
|
Liabilities - Tax |
Liability |
2025 |
To record sales tax liabilities Use: Record sales tax collected on the sale of goods. |
|
Interdepart - Deferred Revenues |
Liability |
2280 |
This interdepartmental code represents advance payments or unearned revenue from another department or division at Cornell. Must be used with another interdepartmental code as the other side of the transaction. Use: Use should be limited as Cornell should not owe itself money. Revenue received for an event occurring in the following fiscal year. |
