To understand the relationship between fields of the Standardized Account Code Structure, consider the following questions when classifying a transaction such as an expenditure.
FUND/GROUP: Which account is used to administer education expenditures? RESOURCE Where have the funds come from? What is the categorical (Project/Reporting): project or restricted revenue source? PROGRAM Why was the expenditure made? What broad purpose does it serve? GOAL: FUNCTION How will the expenditure be used? On what activities or services (Activity): will funds be spent? OBJECT: What specifically is being purchased? On what particular items will the funds be spent? SCHOOL: Where will the funds be spent? What location benefits from the funds?