The Chart of Accounts (COA) is the complete set of values used by the College to record financial transactions in the general ledger. A chart string consists of six segments with a total of 25 digits. This structure assists in the consistent posting and reporting of financial transactions. The COA records financial transactions; identifies resources that are available for College use; provides financial data for analysis and monitoring of account balances; and allows budgeting for College programs. The diagram below depicts the six segments of the College's chart string.
|
Segment |
Definition |
# of digits |
|
Entity |
Who? What School? |
2 |
|
Org |
What department? |
3 |
|
Funding |
Where does the money come from? |
6 |
|
Activity |
How is the money spent and received? |
6 |
|
Subactivity |
(Open to department use) |
4 |
|
Natural Class |
What are the expenses and revenues? |
4 |
To request a new value in any of these segments, or modify an existing value in any segment, you will need to fill out the appropriate segment form.
To obtain a current list of each segment value, click here.
