UCD Accounting Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z List All Terms

Term Definition

General Assistance (GA) Usually used to budget and disburse student, overtime, and some casual employee's salaries (SUBG).

General Funds Funds provided by the State of California through the annual State Budget act. Also commonly referred to as "19900" funds.

General Ledger Engine (GLE) A system computer that processes and permanently maintains the university's financial data.

General Ledger Reviewer Individual who performs the monthly review of the charges and credits in the general ledger. Upon completion of the review the reviewer is confirming that all charges or credits are valid or will be corrected.

Generally Accepted Accounting Principles (GAAP) Uniform minimum standards of and guidelines to financial accounting and reporting. Currently, the Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB) and the Federal Accounting Standards Advisory are authorized to establish these principles. The UC system complies with GASB.

Gift Gifts are funds donated irrevocably for unrestricted or designated purposes by extramural individuals or organizations. Unlike sales and services activities, gifts do not involve contractual consideration - such as tangible property, intellectual property rights, or specified services---provided to the donors by the university.

Grant Federal assistance award authorized by federal law to support programs which the government wishes to encourage and accomplishes a public purpose.

Term	Definition
General Assistance (GA)	Usually used to budget and disburse student, overtime, and some casual employee's salaries (SUBG).
General Funds	Funds provided by the State of California through the annual State Budget act. Also commonly referred to as "19900" funds.
General Ledger Engine (GLE)	A system computer that processes and permanently maintains the university's financial data.
General Ledger Reviewer	Individual who performs the monthly review of the charges and credits in the general ledger. Upon completion of the review the reviewer is confirming that all charges or credits are valid or will be corrected.
Generally Accepted Accounting Principles (GAAP)	Uniform minimum standards of and guidelines to financial accounting and reporting. Currently, the Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB) and the Federal Accounting Standards Advisory are authorized to establish these principles. The UC system complies with GASB.
Gift	Gifts are funds donated irrevocably for unrestricted or designated purposes by extramural individuals or organizations. Unlike sales and services activities, gifts do not involve contractual consideration - such as tangible property, intellectual property rights, or specified services---provided to the donors by the university.
Grant	Federal assistance award authorized by federal law to support programs which the government wishes to encourage and accomplishes a public purpose.

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