Unified Chart Of Accounts
Unified Chart Of Accounts. Cash - Treasury/Agency Deposit, Special Account. All previous versions are now obsolete and should be destroyed.
All previous versions are now obsolete and should be destroyed. The accounts are first grouped into types of accounts and then further aggregated into larger categories. Cash - Treasury/Agency Deposit, Special Account.
Each of the accounts in the chart of accounts corresponds to the two main financial statements, i.e., the balance sheet and income statement.
At the most general level, the accounts are grouped as revenues and costs.
Categories on the Chart of Accounts. A chart of accounts is a detailed listing of minor categories under the major categories of assets, liabilities, net assets, revenues, and expenses. (See this article for a similar definition.) Think of the chart of accounts as the foundation for a building you are about to construct. The UCOA (pronounced yoo-KOH-uh) is an activity-based accounting system that incorporates the reporting requirements of many institutional funders and can be tailored to each nonprofit's changing needs and existing system.
Rating: 100% based on 788 ratings. 5 user reviews.
David Holt
Thank you for reading this blog. If you have any query or suggestion please free leave a comment below.
0 Response to "Unified Chart Of Accounts"
Post a Comment