UCD Accounting Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Term	Definition
Income	The payment for goods or services from a university client who does not have a UC expenditure account or from a non-university client. Income is tracked in the campus accounting system with financial object code 006x and budget object INCO. See Revenue and Recharge for additional payment information.
Independent Consultant	An independent consultant is an individual or organization outside the university of proven professional and technical competence who provides primarily technical or professional advice to the university in an independent contractor relationship. The end product is usually a written or oral report, study, design, or set of recommendations. Consultants are vendors who provide professional services over which the University has neither the right to control the manner of performance nor the results of the service. These services should be processed on a Requisition document. In addition, an Independent Consultant Agreement form is to be completed.
Independent Contractor	An independent contractor relationship is a relationship in which the university controls only the results of the service, not the manner of its performance. Independent contractor requests are processed on a Requisition in DaFIS after the Independent Contractor (Individual) Pre-Hire Determination Worksheet has been completed by the requesting department and approved by Human Resources.
Indirect Costs	The costs of conducting business that are incurred for common or joint objectives and therefore cannot be identified readily and specifically with particular projects (such as individual grants or contracts) or with a specific activity (such as instruction, research, public service). For purposes of charging federal grants, UC Davis negotiates Facilities and Administrative (F&A) cost rates with the Department of Health and Human Services. There are two negotiated rates: The Off-Campus F&A Rate is applied to sponsored projects conducted at facilities not owned or leased by the university. The On-Campus F&A Rate is applied to sponsored projects when project is conducted on-campus. For a recharge activity, indirect costs are collected from non-university clients, through assessing the non-university differential (NUD).
Intercampus	A transaction taking place between campuses, such as an intercampus transfer of equipment from the English Department at UC Davis to the English Department at UC Berkeley.
Interlocation	A transaction taking place between locations. The Davis campus has two locations, Location 3 and L. Since each UC campus has two or more locations, an interlocation could be between two locations at the same campus (intracampus) or between one campus location and another campus location (intercampus).
Intracampus	A transaction taking place between units at the same campus, such as an intracampus loan of equipment from the UCD English Department to the UCD Mathematics Department.
Inventorial Equipment	Equipment
Invoice (Vendor)	A request for payment (bill) from a vendor for specific materials or supplies furnished or services rendered to the University.

Term

Definition

Income

The payment for goods or services from a university client who does not have a UC expenditure account or from a non-university client. Income is tracked in the campus accounting system with financial object code 006x and budget object INCO. See Revenue and Recharge for additional payment information.

Independent Consultant

An independent consultant is an individual or organization outside the university of proven professional and technical competence who provides primarily technical or professional advice to the university in an independent contractor relationship. The end product is usually a written or oral report, study, design, or set of recommendations. Consultants are vendors who provide professional services over which the University has neither the right to control the manner of performance nor the results of the service. These services should be processed on a Requisition document. In addition, an Independent Consultant Agreement form is to be completed.

Independent Contractor

An independent contractor relationship is a relationship in which the university controls only the results of the service, not the manner of its performance. Independent contractor requests are processed on a Requisition in DaFIS after the Independent Contractor (Individual) Pre-Hire Determination Worksheet has been completed by the requesting department and approved by Human Resources.

Indirect Costs

The costs of conducting business that are incurred for common or joint objectives and therefore cannot be identified readily and specifically with particular projects (such as individual grants or contracts) or with a specific activity (such as instruction, research, public service). For purposes of charging federal grants, UC Davis negotiates Facilities and Administrative (F&A) cost rates with the Department of Health and Human Services.

There are two negotiated rates:

The Off-Campus F&A Rate is applied to sponsored projects conducted at facilities not owned or leased by the university.
The On-Campus F&A Rate is applied to sponsored projects when project is conducted on-campus.

For a recharge activity, indirect costs are collected from non-university clients, through assessing the non-university differential (NUD).

Intercampus

A transaction taking place between campuses, such as an intercampus transfer of equipment from the English Department at UC Davis to the English Department at UC Berkeley.

Interlocation

A transaction taking place between locations. The Davis campus has two locations, Location 3 and L. Since each UC campus has two or more locations, an interlocation could be between two locations at the same campus (intracampus) or between one campus location and another campus location (intercampus).

Intracampus

A transaction taking place between units at the same campus, such as an intracampus loan of equipment from the UCD English Department to the UCD Mathematics Department.

Inventorial Equipment

Equipment

Invoice (Vendor)

A request for payment (bill) from a vendor for specific materials or supplies furnished or services rendered to the University.

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