The defined segments of the UC Office of the President Common Chart of Accounts establish a framework for systemwide consistency in accounting structure and practices.
The UC Office of the President (UCOP) Common Chart of Accounts (CCoA) will serve as the starting point for the design of our local Chart of Accounts (CoA), however, the segments of our final UC Davis CoA may look different.
UC Office of the President CCoA segments
|Account||Categorizes the nature of the transaction as a specific type of revenue, expense, asset, liability, or fund balance.|
|Entity||Identifies the major operational unit within the University of California responsible for the transaction.|
|Fund||Tracks spending restrictions and designations and categorizes net position for external reporting|
|Department||Represents the academic or operating unit responsible for, or affected by, a given transaction|
|Function||Designates the purpose of the transaction as it applies to both internal and federal/other external reporting requirements|
|Program||Associates transactions with a formalized set of ongoing systemwide or cross-campus/ location activities|
|Project||Tracks financial activity for a "body of work" that often has a start and end date and spans across fiscal years (e.g., sponsored research activity, capital project activity and projects internal to UC Davis)|
|Flex 1||Classifies transactions by activity or initiative in a way that no other segment can provide|
|Flex 2||Classifies transactions by activity or initiative in a way that no other segment can provide|
UC Davis CoA prototype design considerations
Leveraging stakeholder engagement, the CoA design team will develop a UC Davis prototype. Prototype design is currently under consideration. More information will be available soon.