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Introduction To Accounting

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Introduction To Accounting
ACCOUNTING CODES



GAAP Accounting

A system of administrative and accounting controls that are designed to safeguard an

institution’s assets, ensure accounting data are accurate and reliable; and assures that

the institution is in compliance with all applicable laws, regulations, and policies.



Fund Accounting

Fund accounting is a method of accounting used by most not-for-profit organizations

and only used here by the University. Individual accounts, called funds, are established

to record specific activities. The separate funds provide the University with the ability to

show that resources received were used for their intended purpose.





Company Code

This represents an independent accounting unit with a separate set of books. The

current companies are:



0010 Duke University

0011 Durham Realty Company, Inc

0012 Washington Duke Inn, LLC

0013 DAMCO

0020 Duke University Health System

0021 Duke Home Care and Hospice (DHCH)

0023 DUHS Equity Investments

0024 Patient Revenue Mgmt Organization (PRMO)

0026 DUHS Clinical Labs

0027 Durham Casualty Corp

0028 Duke Health Direct Health System

0030 Duke Hospital

0040 Duke University Affiliated Physicians (DUAP)

0050 Durham Regional Hospital (DRH)

0051 Associated Health Systems (AHS)

0060 Duke Health Raleigh (DHR)

0071 Duke Medical Strategies, Inc.





Org Code

The Org Code identifies the department responsible for a cost object. The Org Code

represents the Duke's organizational structure. The Org code is eight digits for the

Health System and ten for the University.



The terminology for other modules in SAP is as follows: BFR, Cost Center Group, Profit

Center Group, Hierarchy Area or Fund Center. R3 transaction code KSH3.









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Following is an example of drilldown on Provost, Arts and Sciences, Departments









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Cost Object

The cost object is the number that identifies the “fund”. The University uses a seven-

digit cost object. The Health System uses a nine-digit cost object. Cost object is the

generic term for either a profit center, cost center, or WBS (Work Breakdown Structure)

element, the section below will assist in distinguishing between the three types.



Cost Center: Defines the owner of costs or general operating expenses. At Duke,

cost centers are organized by areas of responsibility.



Profit Center: Represents an area of responsibility for which an independent operating

profit is calculated, in other words, it defines the owner of general revenue. Profit

Centers collect all postings of expense and revenue.



Work Breakdown Structure (WBS): The hierarchical representation of activities and

actions to be carried out on a Project (research, construction). Individual activities

and actions that make up the WBS are known as the WBS Elements (ex: DCRI cost

object structure). Revenue and expense transactions are posted to each WBS element

(node) of the Project. Reporting can be done on each WBS Element or the WBS for the

Project as a whole.



Fund Group (0010 only)

This reporting attribute distinguishes the different types of cost objects used by the

University. They are as follows:

U - Current Unrestricted (1xx) E - Endowment (6xx)

R - Restricted (3xx) P - Plant (7xx)

A - Allocated (4xx) G - Agency (8xx)

L - Loan (5xx)



Cost Object Structure



University Structure: In Company code 0010, the first digit of the number structure is

called "Fund Group" and has meaning as follows:



1xxxxxx Current Unrestricted Funds (11x-14x profit centers, 15x-19x cost

centers)

Duke University establishes these funds through the annual budget process. The

budget process allocates the unrestricted income of Duke University to the various

departments or programs for operations during the current year. The unspent

balance cannot be carried forward to the next fiscal year by the departments or

programs.



3xxxxxx Current Restricted Funds (WBS elements)

These funds are given or granted to Duke by outside sources to be used for a specific

purpose. Examples: government grants, drug studies, gifts given for scholarships.

Unspent balances are carried forward to the next fiscal year, subject to the conditions

or restrictions of the outside donor or granting organizations.



4xxxxxx Current Unrestricted - Allocated Funds (cost centers)

The University sets these funds aside for specific purposes. They are not restricted by

any outside source. Unspent balances are carried forward to the next fiscal year.



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5xxxxxx Loan Funds (cost centers)

These funds contain money that is lendable to students.



6xxxxxx Endowment Funds (cost centers)

Endowment funds are given to the University with the condition that they can not be

spent – only the income generated from investing the money can be spent.



7xxxxxx Plant Funds (WBS elements)

Plant funds are established for:

- Construction, rehabilitation, or acquisition of buildings

- Funds set aside for the replacement of existing plant and equipment

- Funds accumulated for debt retirement on physical properties of the University

- The capitalized value of physical property owned by the University.



8xxxxxx Agency Funds (cost centers)

This group represents accounts of organizations for which Duke University has

agreed to act as a custodian or fiscal agent. Agency funds do not belong to Duke

University, but Duke has agreed to provide certain services to the organization

provided the organization complies with Duke's policies and procedures. Further, the

organization must offer evidence that the University is protected against losses.



The second and third digits of the cost object convey meanings based on the first

digit. Examples:



Current Unrestricted Funds *Auxiliary Enterprise *

An auxiliary enterprise is a self-supporting activity

11X - Educational and General Revenue primarily serving students, faculty, and staff by

14X - Auxiliary Enterprises Revenue * providing goods or services. The income of

15X - Educational and General Expense auxiliary enterprises comes primarily from the

16X - Student Aid Expense people being served and not from tuition, fees, or

18X - Auxiliary Enterprises Expense * other sources of income to the University. The

general public may be served incidentally, but not

19X - Appropriations/Transfers as the primary purpose. Examples: dining halls,

dormitories, and bookstores.

Current Restricted Funds

30X - Department of Health and Human Services

31X - Department of Defense

32X - Department of Energy

33X - National Science Foundation

34X - Other Agencies of the U.S. Government

35X - State and Other Governmental Agencies

36X - Duke Endowment

38X - Non-Governmental - Requiring Reports

39X - Non-Governmental - Not Requiring Reports



Current Unrestricted Funds - Allocated

40X, 41X, 42X, 44X - Instruction and Departmental Research

43X, 45X - Educational and General

46X - Student Aid

48X - Auxiliary Enterprises









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3rd digit for cost objects beginning with 15X, 3XX, 4XX and 6XX:

XX1 - Instruction and Departmental Research * *Departmental Research *

XX2 - Organized Activities or Training programs Departmental research refers to general

research performed in a department for

XX3 - Sponsored Research ** which there is no separate budget or

XX4 - Libraries accounting.

XX5 - Student Services

XX6 - Operation and Maintenance of Physical Plant **Sponsored Research **

XX7 - General Administration/Operations Sponsored Research is research that

uses funds specifically granted for a

XX8 - Student Aid defined and budgeted project. Sponsored

XX9 - Special Programs Research has definite research

objectives.





Health System Structure: In the Health System Companies all cost objects are

budgeted codes except the xx903xxxx Restricted Funds, and xx904xxxx Endowments.

Cost objects in these two series will have carry forward balances if applicable. The

Health System structure is as follows:



Assigned

Company Assgn Func Functional Further Further Breakdown Seq

Codes Code Code Description Brkdwn Description #

20-60 0 Unassigned Income 00 Investment Income 00xx

00 Endowment Income 01xx

00 Gift Income 02xx

00 Other Miscellaneous Income 0xxx

00 Charity Discounts 31xx

00 Medicare/Medicaid 32xx

Adjustments

00 State Agency Adjustments 33xx

00 HMO/PPO Adjustments 34xx

00 Capitation Adjustments 35xx

00 Research Adjustments 36xx

00 All Other Adjustments 37xx



1 Administration 01 General xxxx

02 Debt Related xxxx

03 Distributed xxxx

04 Finance xxxx

05 Patient Services xxxx

06 House Staff xxxx

07 Information Services xxxx

08 Employee Services xxxx

09 Marketing/Outreach xxxx

10 Bad Debt xxxx



2 Dietary 01 General xxxx

02 Patient Food xxxx

03 Preparation xxxx

04 Cafeteria xxxx



3 Plant 01 Building Operations xxxx

02 Environmental Services xxxx

03 Projects xxxx

04 Other xxxx

05 Parking xxxx

Page 8

Assigned

Company Assgn Func Functional Further Further Breakdown Seq

Codes Code Code Description Brkdwn Description #

20-60 4 Inpatient 01 Support xxxx

02 Medicine xxxx

03 Surgery xxxx

04 Heart xxxx

05 Oncology xxxx

06 Ob/Gyn xxxx

07 Pediatrics xxxx

08 Psychiatry xxxx

09 Ophthalmology xxxx

10 Rehab xxxx

12 Observation xxxx

13 Skilled Nursing xxxx

14 Hospice xxxx



5 Clinical Support 01 Surgical Supplies xxxx

02 Organ Procurement xxxx

03 Pharmaceutical Services xxxx

04 Materials Services xxxx

05 Sterile Processing xxxx

06 Blood Bank xxxx

07 Linen xxxx

08 Equipment xxxx



6 Ancillary Services 01 Anesthesia xxxx

02 Cardiovascular Services xxxx

03 Surgical Services xxxx

04 Diagnostic Services xxxx

05 Therapeutic Services xxxx

06 Radiological Services xxxx

07 PT/OT Services xxxx

08 Respiratory Services xxxx

09 Labs xxxx



7 Outpatient 01 Support xxxx

02 Medicine xxxx

03 Surgery xxxx

04 Heart xxxx

05 Oncology xxxx

06 Ob/Gyn xxxx

07 Pediatrics xxxx

08 Psychiatry xxxx

09 Opthalmology xxxx

10 Rehab xxxx

11 Research xxxx

12 Emergency xxxx

13 Transport xxxx

14 Hospice xxxx

15 Home Care xxxx

99 Clearing Account xxxx









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Assigned

Company Assgn Func Functional Further Further Breakdown Seq

Codes Code Code Description Brkdwn Description #



20-60 8 Physicians 01 ( Individual Practices or Docs) xxxx

02 xxxx

03 xxxx

04 xxxx

05 xxxx



9 Special Purpose 01 Board Designated - Other xxxx

02 Funded Depreciation xxxx

03 Restricted xxxx

04 Endowments xxxx

10 Concept Design xxxx

50 Clinical Pool - Capital xxxx

Acquisition\Project

60 Facilities Pool - Capital xxxx

Acquisition\Project

70 Information Systems Pool - xxxx

Capital Acquisition/Project

80 Health System Pool - Capital xxxx

Acquisition/Project

99 Projects Greater Than xxxx

$1,000,000









General Ledger (G/L) Account

The G/L account designates the type of revenue, expense, or balance sheet account

being affected. G/L accounts provide a complete list of accounts that represents a trial

balance of a cost object.



The first digit of the G/L account shows the broad type of account:

1xxxxx - Assets

2xxxxx - Liabilities and Fund Equity

3xxxxx - Revenue

6xxxxx - Expenditures

7xxxxx - Recharges and Credits

8xxxxx - Transfers and Appropriations

9xxxxx - Cost Accounting Distributions



The Introduction to Duke G/L Accounts course delves into the most commonly used G/L

account types and their uses.









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