The organizational unit responsible for preparing and monitoring the budget for one or more funds. The organizational unit within an institution used to represent a closed system for funds management and budgeting. The structure that classifies debit and credit values for accounting transactions and forms the basis for creating balance sheets and income statements. For unrestricted funds only. Textbook chart of accounts assets, liabilities, and fund balances, expense objects, revenue codes, revenue sources, and activity codes, etc.
Specific definitions follow.
Some liability types may need breakout to multiple accounts. Master data All Modules Information that is used widely and remains unchanged for relatively long times. Each module has its own required master data. Information that is used widely and remains unchanged for relatively long times, e.g., our code support, chart of accounts, or a file of vendors. Organizational Unit HR A functional unit.