One of the initial steps in activating an account in the general ledger of the University is determining whether third party funding received by the University constitutes a University sponsored project or a gift. The responsibility for identifying such funding as a sponsored project or a gift resides at all levels of the account activation or creation process:
Sponsored Project vs. Gift Responsibilities and Determination
Please reference the University’s Financial Guideline titled "Accounting for Sponsored Projects Vs. Gifts" to assist you in making the proper determination as to whether an award should be activated as a sponsored project or a gift account in the general ledger of the University.
University Accounting Ledgers
A list with detailed descriptions of all of the University’s Entity or Fund Types (fund accounting) for its accounting ledgers can be found by clicking on Pitt’s Account Number Structure on the General Accounting web site.