Many Traditions One Alaska - Financial Update
UA Financial Data
UA financial codes organize specific information (the accounting string) at the transaction
level within our system of record (Banner) to identify the transaction from various
perspectives. The accounting string is sometimes referred to by the acronym FOAPAL
representing fund, organization, account, program, activity and location codes.
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Fund: Categorizes the transaction based on the funding source (6 numeric digits).
Organization: Categorizes the transaction-based organizational structure. Can be
rolled-up for higher level reporting. The lowest level is 5 numeric digits.
Account: Places the transaction in a revenue or expense category in alignment with
UA's accounting manual.
Program: Classifies the transaction relating to budget appropriation, allocation, and
NCHEMS expenditure category.
Activity: Designates the purpose of an expense incurred; like a job code, project
code, or for event reporting.
Location: The physical location of the institution's financial manager.
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Additional detail can be found in the Accounting & Administrative Manual:
https://www.alaska.edu/controller/acct-admin-manual/account-codes/
UNIVERSITY
of ALASKA
Many Traditions One AlaskaView entire presentation