Interdepart - Deferred Revenues

Object Code:

2280

Object Category:

Liability

Object Level:

Deferred Revenue & Deposits

Object Consolidation:

Liabilities

Object Description:

This interdepartmental code represents advance payments or unearned revenue from another department or division at Cornell. Must be used with another interdepartmental code as the other side of the transaction. Use: Use should be limited as Cornell should not owe itself money. Revenue received for an event occurring in the following fiscal year.