General Accounting
Policy
FIACCT 02-02_00 General accounting- account code structure
Effective: March 16, 1998
Revised: September 1, 2006
Reviewed: February 1, 2010
Purpose
This FINET Account Code Structure section provides a listing of the coding elements required to
process transactions within the accounting system and definitions for each of the coding elements.
Background
The components of the FINET coding block consist of required and optional coding elements.
The following shows a listing of both the required and optional coding elements:
Required Codes
Fund
Agency
Organization
Appropriation Unit
Balance Sheet Account
Expenditure Object
Revenue Source
Identifies the fund
Identifies the department
Identifies the entity involved in the transaction
Identifies the appropriation unit
Identifies the asset, liability, or equity involved in the transaction
Identifies the expenditure involved in the transaction
Identifies the revenue involved in the transaction
Optional Codes
Activity
Function
Project/ Job
Reporting Category (Grant)
Cost center for recording additional cost accounting information.
Cost center for recording additional cost accounting information.
Cost center for recording project or job information.
Cost center for recording additional cost accounting information, or for recording grant information.