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UCD Accounting Glossary

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TermDefinition
HierarchyOrganizational structure used for routing, review, and approval of transactions.
Higher Education Function CodeStandardized reporting classifications for higher education as defined by the National Association of College and University Business Officials (NACUBO). In DaFIS, a 4-digit code assigned to each account to define the overall purpose of the account. The 4-digit code is driven by the first 2 digits of the OP Account number. Example: INSP = Institutional Support (72).
HonorariumPayment or award in recognition of special service or distinguished achievement for which custom or propriety forbids any fixed business price to be set. A gratuity paid for lecturing or similar service, usually not directly related to the value of service performed.







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