Accounting Terminology

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Monetary Awards
Monetary awards such as gift certificates, gift cards, gifts coupons, vouchers, and saving bonds are considered "cash equivalents" by the Internal Revenue Service when given to an employee of Duke University or the Duke University Health System. A "cash equivalent" allows the purchase of or redemption for a product or service as if cash were being used. As a result, monetary awards are considered compensation to the employee and must be reported as such through the payroll system and are subject to all applicable payroll taxes.
Movable Assets
Consists of furniture and equipment that are not part of the supporting structure of a building and that meet the specific criteria for capital assets.