/financialservices/taxonomy/term/325/all en /financialservices/gfm/foapal/account-codes <h2>FO<strong><u>A</u></strong>PAL: A = Account</h2> <ul> <li>An account code consists of six numeric characters.</li> <li>The ACCOUNT code describes the nature of revenues and expenditures in the Operating Ledger, as well as assets and liabilities in the General Ledger.</li> </ul> <div class="accordion"> <h2><a href="#">Revenue Account Codes</a></h2> <div> <h3>Revenue Account Codes (from external sources)</h3> <ul></ul></div></div> Tue, 19 Dec 2017 16:42:58 +0000 katya.lazarova@mcgill.ca 17397 at /financialservices /financialservices/gfm/foapal/organization-codes <h2>F<strong><u>O</u></strong>APAL: O = Organization</h2> <ul> <li>An organization code consists of five numeric characters.</li> <li>It is used to define the departmental entities or budgetary units within the University.</li> <li>Analysis, Planning and Budget (APB) creates and maintains the University's Organization codes and table. Financial Services is then responsible to create or update the Organization codes in Banner.</li> </ul> <table> <thead> <tr> <th>Letter</th> <th> <p>Element</p></th></tr></thead></table> Tue, 19 Dec 2017 16:41:36 +0000 katya.lazarova@mcgill.ca 17396 at /financialservices /financialservices/gfm/foapal/fund-codes <h2><strong><u>F</u></strong>OAPAL: F = FUND</h2> <ul> <li>A fund code consists of six numeric characters.</li> <li>The FUND code describes the source of money and any restriction by the contributor of the money as to how it can be spent.</li></ul> Tue, 19 Dec 2017 16:40:25 +0000 katya.lazarova@mcgill.ca 17395 at /financialservices /financialservices/gfm/foapal <h2>Chart of Accounts (FOAPAL)</h2> <h2>OVERVIEW of Æ»¹ûÒùÔº's Chart of Accounts</h2> <p>The Chart of Accounts (CoA) is the coding structure consisting of elements used to classify, record, budget and report financial transactions. There are six independent elements comprising the Chart of Accounts and the order in which they fall create the acronym "FOAPAL": An overview of each element is given in the table below.</p> <table> <thead> <tr> <th>Letter</th> <th> <p>Element</p></th></tr></thead></table> Tue, 19 Dec 2017 16:28:38 +0000 katya.lazarova@mcgill.ca 17394 at /financialservices