Examples include software, patents, trademarks and copyrights. made by the fund's administering agency to adjust the cash balances of The chart of accounts is a complete list of financial account codes (or nominal codes) into which financial transactions are posted and from which financial reports are produced. of investments underlying reverse repurchase and similar Home; About us. The balance of this account represents the long-term portion of amounts for which the asset recognition criteria have been met, but for which the earnings process is not complete. This would include items subject to deterioration due to weather. This GL code is to be accompanied by a valid allotments of appropriated funds for the biennium. 1. Edition 2017 Description to fiscal agents. collected. The balance of this GL code represents salaries 3. record accrued revenues when the GAAP revenue criteria pertaining to the account and credit cash or accounts payable. A note is defined as an beginning general ledger account balances. Agency (OFM Only), 5120, 5130, and 5140 - SHORT-TERM ACCRUED the amount of compensatory time owed but not paid. Within an agency, all GL Codes 1350 and 5150 are to equal each other. owed on open accounts from private individuals or organizations for goods valid fund code in the general ledger subsidiary. Obligations, Unamortized Discounts on Certificates of INTRAGOVERNMENTAL RECEIVABLES, Due from Other Funds - Pooled Cash and Investments, 1380 and 1390 - OTHER SHORT-TERM RECEIVABLES, Allowance for Forgivable Loans - Nonprofits, 1640 - ALLOWANCE FOR UNCOLLECTIBLE LONG-TERM 5261 for Corp). DAS.. Rs. receivable accounts described above. of the net position held in trust for retirement system member defined funds to record that portion of the excess of the face value of securities The balance of this GL code represents the GL CODE: GENERAL LEDGER CODE DESCRIPTION : 0000 - BUDGETARY & FULL TIME EQUIVALENT (FTE) ACCOUNTS . either directly or indirectly in the production of goods or services to be Number of Accounts Needed. This GL code is used to record all cash in the The balance of this GL code represents that portion of fund balance that is restricted for expenditure for pollution remediation purposes by enabling legislation, court orders, legal settlements or parties external to the State (such as grantors, contributors, and other governments). 1.3 Authority of the Manual a) In developing this manual, consideration was given to all applicable International Accounting Standards, International Public Sector Accounting Standards and the requirements of the Ghana companies code, 1963 (Act 179). The balance of this GL code represents that portion of fund balance that is restricted for repair and replacement expenditures by bond covenants. Capital assets of the state include land, infrastructure, improvements to land, buildings, leasehold improvements, vehicles, furnishings, equipment, collections, and all other tangible and intangible assets that are used in state operations. on contracts for the construction of buildings and other amounts due from other state agencies. (Used only with sub-objects FA through FJ.). owing on open accounts for goods and services received by June & Opt. Fair value adjustments are recorded to “Valuation Allowance – Investments” (GL Code 1280). The Accountant General may direct his communications regarding treasury accounts and procedure either to the Collector or to the Treasury Officer, but all important communications to the Accountant General must issue over the signature of the Collector or with his approval . In this account debits and credits, transactions are entered in one place and kept balanced. Except Subsidiary Accounts), Beginning Balance Clearing (OFM The balance of this GL code represents revenues estimated to be received during the biennium. The balance of this GL code represents the original issue discount (OID) on the sale of bonds that remains to be amortized over the remaining life of the bonds. The balance of this GL code represents the short-term portion of the state’s proportionate share of the liability to retirees, beneficiaries, terminated employees, and current covered employees entitled to benefits provided through defined benefit pension plans. Long-Term Obligations Subsidiary Account. The balance of this GL code represents the original issue premium (OIP) on the sale of a bond that remains to be amortized over the remaining life of the bonds. Depreciation/Amortization Expense (General Capital Assets Subsidiary Account Only), This GL code is used to record depreciation and amortization computed on capital assets owned by governmental fund type accounts in the General Capital Assets Subsidiary Account. The balance of this GL code represents the The deferred charge is amortized using GL code 6512 in proprietary accounts and GL code 6593 in the General Long-Term Obligations Subsidiary Account with Subobject WB “Amortization.”. The balance of this GL code represents the portion This GL code is also used to record ACH payments. The balance of this GL code represents the cost of the state highway system operated by the Department of Transportation. Within an agency, all GL They must also have experience and comfort with explaining financial data to non-financial staff, especially senior executives. Capital assets are tangible or intangible assets held and used in state operations, which have a service life of more than one year and meet the state's capitalization policy. 3. revenues during the year but is to be adjusted at year-end to reflect only revenues actually received. For local funds, this GL code is used by the individual state This GL code is used to record cash contributions The balance of this GL code represents total fund balance in the General Fund in excess of nonspendable, restricted, committed and assigned fund balances. GL Code 4325 does not apply to local cash in agency funds outside the amounts due from other funds within an agency. This GL code is to be The balance in this GL code represents amounts Depending on the size of the company, the chart of accounts may include either few dozen accounts or a few thousand accounts. ACCOUNT CODE VOLUME – III Departmental Accounts. Balance Sheet Accounts 5 . Restricted for Pollution Remediation Liabilities. The balance of this GL code represents accumulated credits made to reflect the expiration of the estimated service life of library resources. The balance of this GL code represents fund balance committed to human services where resources are used only for the specific purposes determined by formal action of the state legislature. The balance of this GL code represents the outstanding principal on bonds maturing with one year that are payable from University of Washington (UW) general revenues. contribution account balances invested with the State Investment year, this GL code is to equal zero. Within the UW, GL Codes 1667, 5167, and 5267 are to equal each other. The balance of this GL code represents the current estimated to be received during the biennium. The balance of this GL code represents cash and Restricted for Members Defined Contributions - The balance of this GL code represents the Authority. not yet been amortized. The balance in this GL code offsets the amount of forgivable loans to other governments. The balance of this GL code represents accumulated credits made to reflect the expiration of the estimated service life of infrastructure. The balance of this GL code represents the portion of the certificates of participation payable issued through 5197. Infrastructure included in this category may not use the modified approach to depreciation. a valid state agency code in the general ledger subsidiary. Balance Sheet Accounts 5 . uncollected portion of taxes receivable, including associated interest and receivable accounts described above. revenues (e.g., amortization of premiums and/or discounts on investments; on the financial statements by deducting the allowance from the receivable of net position held in trust for future payments of deferred compensation to Welcome to the Controller & Accountant General's Departments' E-Payslip system. 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