25xxxx: Payables - Long Term

Represents the amount of long-term debt as evidenced by promissory notes given to lenders.

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.

Represents the amount of long-term debt as evidenced by bonds issued to lenders.

Represents the change in accounting methodology. Duke University will capitalize and amortize the discounts on Duke University Hospital Systems bond issues.

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.

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)

Represents the 1996C Hospital Bonds, include "Capital Appreciation Bonds" (CABS). The interest expense component of these bonds accrues over time to maturity.

Represents the transfer of 1985D Bonds to Duke University Hospital Systems from the University.

Represents the University's $100 Million CP Program.

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.

Year end entries

Represents the amount of long-term debt that is not properly classified in other G/L accounts in this series.

This account should be used to record the short-term portion of capital lease liabilities.

Used to record liabilities associated with the purchase of fixed assets in installment payments.

Used to record short-term portion of liability associated with purchase of fixed assets in installment payments.

To record accrued pension liability for the ERP plan.

To record liability associated with deferred compensation.

Represents the current portion of the post-employment liability recorded under ASC 715

To accurately classify 259000 balance recorded on 699**** funds.