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

Object Code A 4-digit "code" (defined by the UC Office of the President as well as by the UCD General Accounting department) used to identify the nature, purpose or object of each financial transaction. They are used at all campuses for consistent reporting purposes. Object Codes roll up into Object Consolidation Codes. Example: The Object Code for Regular Staff Salaries (REGS) rolls up into Object Consolidation Code SUBS.

Object Consolidation A collection of objects that all have the same functional nature (e. g. , consolidation SUB5 contains all of the objects used for travel-related transactions). Every Object Code belongs to an Object Consolidation. Object Consolidations are the highest level summary for transactions. See list.

Object Type A code used by Accounting for reporting purposes which classifies the type of object being used. Some examples of object types include Accrued Expense, Fund Balance, and Recharge. The object type also drives special condition routing on DaFIS documents.

OMB Circular A-21 Defines direct and indirect costs for purposes of accounting for federal funds. See http://www.whitehouse.gov/omb/circulars/a021/a021.html.

Operating Budget Budget for current and on-going operations, as well as one-time costs that result in the day-to-day business of a University department.

Organizational Hierarchies The structures that define organizational reporting relationships in DaFIS. Eventually, all organizations report to the highest level organization, the Dean or Vice Chancellor Office.

Overdraft A circumstance where expenditures and/or encumbrance exceed the amount of funds appropriated in a particular account/fund/sub-budget.

Overhead See Indirect Costs.

Term	Definition
Object Code	A 4-digit "code" (defined by the UC Office of the President as well as by the UCD General Accounting department) used to identify the nature, purpose or object of each financial transaction. They are used at all campuses for consistent reporting purposes. Object Codes roll up into Object Consolidation Codes. Example: The Object Code for Regular Staff Salaries (REGS) rolls up into Object Consolidation Code SUBS.
Object Consolidation	A collection of objects that all have the same functional nature (e. g. , consolidation SUB5 contains all of the objects used for travel-related transactions). Every Object Code belongs to an Object Consolidation. Object Consolidations are the highest level summary for transactions. See list.
Object Type	A code used by Accounting for reporting purposes which classifies the type of object being used. Some examples of object types include Accrued Expense, Fund Balance, and Recharge. The object type also drives special condition routing on DaFIS documents.
OMB Circular A-21	Defines direct and indirect costs for purposes of accounting for federal funds. See http://www.whitehouse.gov/omb/circulars/a021/a021.html.
Operating Budget	Budget for current and on-going operations, as well as one-time costs that result in the day-to-day business of a University department.
Organizational Hierarchies	The structures that define organizational reporting relationships in DaFIS. Eventually, all organizations report to the highest level organization, the Dean or Vice Chancellor Office.
Overdraft	A circumstance where expenditures and/or encumbrance exceed the amount of funds appropriated in a particular account/fund/sub-budget.
Overhead	See Indirect Costs.

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