A business unit is an entity or a subset within the organization that keeps its own set of books. Business units are typically independent legal entities that need to segregate their accounting data for reporting purposes. A Fund code is like a cash pool. Funds maintain a self-balancing set of accounts that record cash and other financial resouces, together with the related liabilities and residual equities or balances, as well as the changes therein.
Funds segregate financial information for the purpose of carrying on specific activities.
An Organization code represents an operating unit within a business unit. A Program code represents an activity or a group of activities which are established by statute, executive orders, or organizational standards. For example, the Solar Car project is considered a program within the School of Engineering and Technology. E-mail your questions to Administrative Technology.