| Issue Date: |
|---|
Purpose
The restatement account is used if there is a need to reflect changes to the published prior year ending fund balance while still retaining the published prior year ending fund balance as the current year beginning fund balance. The restatement account is used to adjust the beginning balance for the affects of errors.
USAS Values
| Normal Balance | Credit |
|---|---|
| Account Type | Nominal |
| GL Posting Level | Detail [?] |
Detail elements posted: Agy, GL, Fund, NACUBO Subfund, T-Code, Grant No. and Phase, AGL, FY, AY, DR/CR Ind., Appd Fund, COBJ, AOBJ, Appn, Proj No. and Phase, PCA, Index, Pgm Code, Org Code, Direct/Indirect Indicator, NACUBO Function, Contract No., Subgrantee and Agy Codes 1 - 3.