Cost Studies Functional Classifications
A class (3-digit number) indicates the type of activity that is supported by a chartstring in NU Financials. The class is assigned at the chartstring’s inception by both OSR (for sponsored chartstrings) and the Office of Financial Operations (for non-sponsored chartstrings). Accurate functional coding is critical for the development of the university’s F&A rate, for financial statement reporting, and for various analytical purposes. There are currently thirty unique classes.
Descriptions of the various classes can be found by clicking on the link below:
Class Definitions for NU Financials Chartstring Classification