POLICY TITLE: General Ledger and Chart of Accounts
APPLIES TO: All Divisions and Departments
ADMINISTRATIVE AUTHORITY: Division of Finance and Administration Chief Financial Officer (CFO)
APPROVED BY: Kentucky State University Board of Regents
EFFECTIVE DATE: August 8, 2025
NEXT REVIEW DATE: August 8, 2028
The chart of accounts provides the foundational structure for the general ledger and the official accounting system of Kentucky State University (KSU). This policy assigns authority for the control and maintenance of the chart of accounts to ensure it effectively supports the university's operational, financial management, and external reporting needs.
A group of accounts that supports the information shown in the major financial statements. The general ledger is the foundation for the accumulation of financial data and the generation of reports.