25xxxx: Payables - Long Term

Search G/L Accts:

I. GENERAL

Long term payables represent amounts owed by Duke University to others. Obligations, which are not due for at least one year, are classified as long term.

II. G/L ACCOUNT DEFINITIONS

251000 Notes Payable (Valid For: DUHS, Univ)
Represents the amount of long-term debt as evidenced by promissory notes given to lenders.
252000 Post Retirement Benefits (Valid For: DUHS, Univ)
Represents the liability for insurance certificates issued to retired employees. The University issues an insurance certificate at the time of retirement to eligible staff members hired before December 1, 1974. Upon the staff member's death, the University pays the benefit for this certificate from this account.
252100 457 Plan Obligations (Valid For: External Reporting Only)
252700 Interest Rate Swap: Fair Value (Valid For: External Reporting Only)
252701 Basis Swap: Fair Market Value (Valid For: DUHS)
252703 05A Interest Rate Swap: FMV (Valid For: DUHS)
252704 2007 SWAP FMV (Valid For: DUHS)
253000 Bonds Payable (Valid For: DUHS, Univ)
Represents the amount of long-term debt as evidenced by bonds issued to lenders.
253001 Bonds Payable: Current Portion (Valid For: DUHS)
253003 Bonds Payable (Valid For: DUHS)
253100 Discount/Premium on Bonds Payable (Valid For: DUHS, Univ)
Represents the change in accounting methodology. Duke University will capitalize and amortize the discounts on Duke University Hospital Systems bond issues.
253102 Discount/Premium on Bonds Payable (Valid For: External Reporting Only)
Adjust all amortization related to Bond Issue Costs and Discounts to a 5-4-4 basis similar to those that were set up for Bond Interest. This is to keep these accounts separate from the accounts that the University uses to post the related amortization expense on a calendar month basis.
253103 Discount/Premium on Bonds Payable (Valid For: DUHS)
253200 Bond Issue Cost (Valid For: DH, DRH, DHRH, Univ, DUHS)
Reflect costs of bonds issued. Previously maintained in the 197600 account; however new accounting guidance requires it to be netted against the bonds issued. (Created 5/2015)
253500 Capital Appreciation Bonds (CABS): Accretion/Interest Payable (Valid For: DUHS, Univ)
Represents the 1996C Hospital Bonds, include "Capital Appreciation Bonds" (CABS). The interest expense component of these bonds accrues over time to maturity.
253900 University Control Account: 1985D Bonds (Valid For: Univ)
Represents the transfer of 1985D Bonds to Duke University Hospital Systems from the University.
254000 Commercial Paper Payables (Valid For: DUHS, Univ)
Represents the University's $100 Million CP Program.
254003 Commercial Paper Payables (Valid For: DUHS)
255000 Settlement Amounts for APC Overpayments (Valid For: DUHS)
255500 General Reserves (Valid For: DUHS)
255501 Disproportionate Share (DSH) Payable (Valid For: DUHS)
255620 Personnel Cost Reserve: Duke University Health System (Valid For: DUHS)
255621 Personnel Cost Reserve: Duke Community Infusion Service (Valid For: DUHS)
255622 Personnel Cost Reserve: Hospice (Valid For: DUHS)
255630 Personnel Cost Reserve: Duke University Hospital (Valid For: DUHS)
255640 Personnel Cost Reserve: DUAP (Valid For: DUHS)
255650 Personnel Cost Reserve: Duke Regional Hospital (Valid For: DUHS)
255660 Personnel Cost Reserve: Duke Raleigh Hospital (Valid For: DUHS)
256000 Internal Loan: Payable (Valid For: Univ)
To record internal loans, approved by Duke, on the general ledger in order to track. This will also be used by the interest on Overdraft program being written for SAP to calculate interest. In order for the SAP programming to work the loans must have a unique G/L account code that will not be used for anything else.
258000 FIN47 Obligation (Valid For: Financial Accounting & GAAP Reporting , DUHS Corporate Finance)
Year end entries
259000 Sundry Payables: Long-Term (Valid For: DUHS, Univ)
Represents the amount of long-term debt that is not properly classified in other G/L accounts in this series.
259001 Capital Lease Liability (Valid For: DUHS, Univ)
259002 Short Term Capital Lease Liability (Valid For: DUHS)
This account should be used to record the short-term portion of capital lease liabilities.
259003 Long Term Installment Purchase Liability (Valid For: DUHS, DUHS Corporate Finance)
Used to record liabilities associated with the purchase of fixed assets in installment payments.
259004 Short Term Installment Purchase Liability (Valid For: DUHS, DUHS Corporate Finance)
Used to record short-term portion of liability associated with purchase of fixed assets in installment payments.
259300 Accrued Pension Liability (Valid For: External Reporting Only)
To record accrued pension liability for the ERP plan.
259400 Deferred Compensation Liability (Valid For: Univ)
To record liability associated with deferred compensation.
259500 Post Retirement Liability: FAS106 (Valid For: External Reporting Only)
259501 Post-Retirement/Employment: Current Portion (Valid For: DUHS)
259502 Post Retirement Liability: FAS112 (Valid For: External Reporting Only)
259600 Annuity/Split Interest Liability (Valid For: External Reporting Only)
259601 Split Interest Obligations (Valid For: External Reporting Only)
To accurately classify 259000 balance recorded on 699**** funds.
259700 Refundable Fed Student Loan (Valid For: External Reporting Only)
259800 SAP Balance Corrections for DUHS Companies (Valid For: DUHS)
259900 SAP Batch Balancing Account (Valid For: DUHS)
259901 SAP Mapper Clearing: Open Item Management (Valid For: Central Use Only)
259903 Patient Accounting Error Clearing Account (Valid For: DUHS)

SIGNATURE SELECT LOANS

Represents deposits for Sallie Mae Duke signature select loans. These are student loans through Sallie Mae for which Duke University is the custodian.

237500 Signature Select Loan: Bad Debt Reserve (Valid For: Univ)
237600 Signature Select Loan: Medical School (Valid For: Univ)
238000 Signature Select Loan: Nicholas School of the Environment (Valid For: Univ)
238100 Signature Select Loan: Divinity School (Valid For: Univ)
239000 Sundry Deposits (Valid For: DUHS, Univ)
Represents miscellaneous required deposits received by Duke University that will either be returned to the depositor or absorbed as revenue at a future date, whichever is applicable.