Chart of Accounts

Chart of Accounts

The Chart of Accounts (CoA)  is the coding structure consisting of elements used to classify, record, budget and report financial transactions. There are six independent elements comprising the Chart of Accounts and the order in which they fall create the acronym "FOAPAL':

F = Fund

O = Organization

A = Account

P = Program

A = Activity
L = Location

Chart code "1" represents the McGill University set of books, and defaults in when querying and posting transactions.