Chart of Accounts Codes Account/Transaction Description Tuition Boarding Depreciation Buildings 2710 2710 – Depreciation Furniture and Fittings 2720 2720 – Depreciation Plant & Equipment 2730 2730 – Depreciation Motor Vehicles 2740 2740 – Item RE.140 Total Bad and Doubtful Debt Expenses – (Accrual Accounting Only schools using cash accounting should leave this item blank) – Include all amounts expensed to provide for any school fees that may not be collected. This amount is normally found in the profit and loss segment of the audited financial statements. Chart of Accounts Codes Account/Transaction Description Tuition Boarding Bad & Doubtful Debts Expense 2840 2840 Totals The sum is automatically calculated you are not required to enter an amount here. – Item RE.150T Total Recurrent Expenditure - Tuition – This is the sum of Items RE.010T to RE.140T. Item RE.150B Total Recurrent Expenditure - Boarding – This is the sum of Items RE.010B to RE.140B. Please check these totals to ensure you have entered all relevant amounts. Capital Expenditure Capital expenditure is the amount by the school during the year on capital assets. Capital expenditure is incurred because school’s need to: acquire an additional asset and prepare it for its proposed use by the school; replace an existing major asset; substantially improve or upgrade an existing asset; or make substantial additions to an existing asset. Cash Accounting: the capital expenditure should equal the amount recorded in the relevant capital expenditure accounts in the school’s financial statements. Accrual Accounting: the amounts disclosed for capital expenditure in the financial statements may be set out under the and disposals’ headings in the Property, Plant and Equipment Section of the ‘additions balance sheet.
Chart of Accounts Codes Account/Transaction Description Tuition Boarding Depreciation – Buildings 2710 2710 Depreciation – Furniture and Fittings 2720 2720 Depreciation – Plant & Equipment 2730 2730 Depreciation – Motor Vehicles 2740 2740 Item RE.140 – Total Bad and Doubtful Debt Expenses (Accrual Accounting Only – schools using cash accounting should leave this item blank) Include all amounts expensed to provide for any school fees that may not be collected. This amount is normally found in the profit and loss segment of the audited financial statements. Chart of Accounts Codes Account/Transaction Description Tuition Boarding Bad & Doubtful Debts Expense 2840 2840 Totals The sum is automatically calculated – you are not required to enter an amount here. Item RE.150T – Total Recurrent Expenditure - Tuition This is the sum of Items RE.010T to RE.140T. Item RE.150B – Total Recurrent Expenditure - Boarding This is the sum of Items RE.010B to RE.140B. Please check these totals to ensure you have entered all relevant amounts. Capital Expenditure Capital expenditure is the amount by the school during the year on capital assets. Capital expenditure is incurred because school’s need to: acquire an additional asset and prepare it for its proposed use by the school; replace an existing major asset; substantially improve or upgrade an existing asset; or make substantial additions to an existing asset. Cash Accounting: the capital expenditure should equal the amount recorded in the relevant capital expenditure accounts in the school’s financial statements. Accrual Accounting: the amounts disclosed for capital expenditure in the financial statements may be set out under the ‘additions and disposals’ headings in the Property, Plant and Equipment Section of the balance sheet.
2016_2015_data_fq_instructions.docx