• 13 – Investments – current – each investment account needs a unique account code
• ■ 14 – Accounts receivable, net
• 1401 – Accounts receivable – student
• o1409 – Allowance – student
• 1410 – Accounts receivable – grants
• o1419 – Allowance-grants
• 15 – Prepaid expenses
• 1510 Postage
• 1520 Insurance
• 1530 Other prepaids
• oNoncurrent assets are resources owned that are not easily converted to cash within a year.
• 16 – Capital assets – Property, plant, and equipment are capital assets with a useful life of more than one year acquired for use in the operation of the entity and not held for resale (Account type 16)
• 160X – Asset types – Land, land improvements, buildings, building improvements, equipment, vehicles, ERP software, library holdings, works of art, construction in progress
• 164X – Accumulated depreciation for each depreciable asset type
• 165X – Right-of-use assets
• o1651 – Leased assets
• o1661 – ROU Accumulated amortization
• 17 – Loans issued, collectible more than one year from the statement of net position date, Perkins Loans.
• ■ 18 – Endowment investments – long-term assets which are acquired without the intention of disposing of them in the future
• oOther assets
• 19 – Deferred outflows of resources
• 1901 – Net pension assets
• 1902 – Net OPEB assets
• 1910 – Deferred outflows – pensions
• 1920 – Deferred outflows – OPEB
• 20 – Liabilities include obligations and debts which are owed.
• oCurrent liabilities include obligations that are payable within one year.
• 21 – Accounts payable and accrued liabilities
• 2101 – Accounts payable, processed through payables subledger
• 2102 – Accounts payable – other, accruals
• 2103 – Credit cards payable
• 2120 – Accrued payroll liabilities
• o2121 - Net payroll payable
• o212X - Other payroll payable
• 213X – Payroll taxes payable