Last Updated on Tuesday, March 04, 2008 at 5:03 AM
The Chart of Account structure is made up of codes within segments. The segments are fund, unit, function, program, instructional level, object, and project. The codes identify the particular fund, unit, function, etc. The structure is designed for use in computerized accounting systems and spreadsheets. The inherent flexibility for reporting and budgeting is the most attractive feature. Data may be selected for reporting and analysis by any segment or set of segments. Selection of one fund or one function across all funds is possible.