Each Fund must be identified with at least one University organizational unit. In Policy No. A Cost Center represents a level of discrete activity at which financial transactions are to be recorded, monitored, and maintained separately from all other Cost Centers. In a research grant or contract, this individual is the Principle Investigator. Account s are four-digit numeric values indicating the specific nature of a revenue or expenditure.
Account s also identify specific types of balance sheet items.
The University uses a uniform chart of accounts, that is the account numbers are used across all cost centers. In Policy No. 2.1.4 the Account codes are listed, with their definitions.