Introduction
Welcome to the comprehensive guide for navigating Indiana University’s chart of accounts (COA) and general ledger (GL). Understanding the COA and GL is crucial for faculty and staff as they form the foundation of financial record-keeping and reporting within IU. The chart of accounts (COA) is the governing structure for all financial transactions. The general ledger (GL) is the repository of all financial and budget information for IU. This book provides instructions, best practices, and resources to navigate the chart of accounts and the general ledger at IU.
What you will find here
Chart of Accounts: This portion of the book will provide an understanding of key concepts surrounding the governing structure for financial information at Indiana University.
This includes information about the framework of the chart of accounts, attributes such as the responsibility center codes (RC), organization codes (Org), account information, the chart of accounts fund and sub-fund groups, consolidation codes, object levels, object codes, and how these elements impact accounting and financial reporting at Indiana University.
General Ledger: This portion of the book will provide an overview of the general ledger as well as the importance and impact that the general ledger can have when reviewing budgeting data and analyzing the financial health of an organization.
Glossary: The glossary is a repository of both general and Indiana University specific accounting terminology.