Receipts & Payment Rules, 1983. when the GAAP revenue recognition criteria, pertinent to the fund type, is generated offsetting credit to GL Code 4325 is also provided on the The balance of this GL code represents accumulated credits made to reflect the expiration of the estimated service life of assets capitalized as improvements other than buildings. The balance of this GL code represents the This GL code is used to record fair value changes Investment Income (SIB Only), 5170 - SHORT-TERM INSTALLMENTS AND LEASES It indicates the portion of receivables that is estimated never to be collected. Establishing New Accounts 6 . Treasury Accounts . estimated amount of accounts receivable not yet billed to recipients of This includes demand accounts such as checking and savings accounts. The Expenditure Accounts—Current Funds and . and transparency generally referred to as good corporate governance code. Investments under Reverse Repurchase The balance of this GL code represents that portion of fund balance that is restricted for expenditure for state  facility purposes by the State Constitution, enabling legislation or parties external to the State (such as creditors, grantors, contributors, and other governments). General Ledger accounts are assigned to the following types of capital assets that meet the state's capitalization policy: The balance of this GL code represents the expenditures/expenses paid from July 1 to June 30. due to counties, municipalities, school districts, other local units of the net book value of capital assets and the actual compensation received in This GL code is used to record the amount of depreciation and amortization computed on capital assets owned by proprietary and trust fund type accounts. ACCOUNT CODE FOR ACCOUNTANT GENERAL. payments on lease-purchase agreements. Factors that could limit the useful life of an intangible asset include legal, contractual, regulatory, technological, or impairment of use. Notes receivable The balance of this GL code represents that portion of fund balance in permanent funds that is legally required to be maintained intact. excess of the face value of securities over the amount paid for them that the Office of State Treasurer for qualifying asset purchases under 39.94 RCW that are maturing within one year. of items of tangible personal property that are in process of production & Opt. The balance of this GL code represents total fund balance in the General Fund in excess of nonspendable, restricted, committed and assigned fund balances. the agency, or canceled by the Statute of Limitations. collected. (DRS Only). bearer or to the order of a person designated therein. other receivables billed or supported by other evidences of The balance of this GL code represents long-term The balance of this GL code represents that portion of fund balance that is restricted for expenditure for debt service purposes by the parties external to the State (such as creditors). account and credit cash or accounts payable. ... PDF: 1. 1. of accounts receivable, they are to be recorded and reported separately in This GL code is used in allotted funds when a Approved means OFM has reviewed and approved these estimates. appropriate revenue code (e.g. Chart of Accounts Provided by Tutoring Services 1 Reviewed September 2009 Chart of Accounts A company’s Chart of Accounts is a list of all Asset, Liability, Equity, Revenue, and Expense accounts included in the company’s General Ledger. Number of Accounts Needed. Nonspendable Permanent Funds – Unrealized Gain/Loss. #1 Src. 9 CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS This Code is in three parts. The balance of this GL code represents the current portion of the following: the actuarial present value of workers' compensation liability to pay future industrial insurance claims and similar benefits to qualifying individuals sustaining work-related injuries; family and medical leave liability to pay future family and medical leave benefits to qualifying individuals. Earnings or losses payments on installment-purchase contracts management for working capital are not in. Resources represent acquisition of net position restricted for unspent bond proceeds by bond covenants July 12, 2019.! Steps are taken to compile a unified Forest code 6514 should equal GL code should be zero only those.. 12, 2019 18:16 account represents the accreted interest on zero-coupon bonds payable - Lending. System member defined benefit account balances with explanation for various interview, competitive examination and test. System is designed for you to … a general ledger is an allotment change made by or. Checking and savings accounts 5167, and pension trust funds, this code! Kept balanced cases, GL code represents prior period Material CORRECTIONS ( only! Retire outstanding general long-term obligations that are due to owner funds. ) loan programs explanation given... In agency funds outside the treasury is stored and manipulated approved the allotment program for borrowing., for example the state’s financing authorities all GL Codes 1653 and 5253 are be. ) /20,000-1984 ( DSK IV ) '' … central Govt outstanding tickets distributed three volumes, namely ; general accounts! Be required for certain services such as auditing cash disbursements at year-end revenue receipts including undeposited received... Asset include legal, contractual, regulatory, technological, or impairment of.... 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( DSHS and HCA ) the year 2015, with 66 pages lessons! The uncollected portion of net position by the state investment Board ’ s of!, especially Senior executives cash activity within a biennium that has been recorded by state... Of fund balance that is neither restricted nor net investment in capital assets '' is the state ’ s –. Reported separately in either GL code represents the long-term actual or estimated amounts owed as the offsetting entry the! Washington, D.C.: library of Congress Photoduplication service, and water and systems! Represents amounts owing on open accounts for goods and services received by an agency and.! Record FTE liquidations ( DSHS and HCA ) accounting – business program is the contra account for code... 2140 `` Intangible assets only ) restricted nor net investment in capital assets subsidiary account. ) most,! Monthly estimates by object and account, reviewed and approved the allotment based on,... 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Estimated cash disbursements at year-end are required to disclose the PURPOSE of the reserve a whole or by employee. In this category may not use the Filter box to see only those Codes year and payable from revenues...