Workday Chart of Accounts (WDCOA or COA)
- Jennifer Lia
Funding Component = pot of money (Grant, Gift, or Yale Designated)
Cost Center = center / department authorizing spending
Program = mission-based activity for which the money is used
Project = individual activity / used to identify components of the program
Assignee = faculty member / dean authorizing spending (only for Grants, Research & Travel, or OMR/SNF-funded proposals)
Spend/Revenue Category = the category of an account (asset, liability, fund balance, expense or revenue)
Company = Tax-ID number. For YLS COAs, Company will always be ‘CO01 Yale University’
Funding Component | Cost Center | Program | Project | Assignee | Spend/Revenue Category |
|---|---|---|---|---|---|
“FUNDING” | “WHO” | “WHY” | “WHY” | “WHO” | “WHAT” |
The charging instructions should tell a story…
YLS is using this pot of money (Funding Component)
within / authorized by (Cost Center)
for this activity (Program & Project)
authorized by (Assignee – if applicable)
Company | Funding Component | Cost Center | Program | Project | Assignee | Spend/Revenue Category |
|---|---|---|---|---|---|---|
CO01 | GE023415 | CC1273 | PG00018 | PJ030095 | - | SC249 |
Yale University | Goldman Int’l Fund | Non Center-Related Faculty Activity | Conferences | MELSS | - | Group Meals and Food |
In the case of the COA above…
Yale University is using the Goldman Fund for International Activities
within the Law School’s Non Center-Related Faculty Activities
for a Conference (the Middle East Legal Studies Seminar)
which incurred Group Meal Expenses