Chart of Accounts

Additional Tech Transfer-Related Accounts

The U of O and OSU have requested the ability to separately track reimbursement income of Patent Attorney expenses that are negotiated through Technology Transfer agreements within the accounting records. The institutions have external reporting requirements that necessitate tracking/reporting this information separate from other Royalty/Patent income.

Currently there is no account code that clearly includes such activity. After some consideration, the following proposal was derived and is being presented for review and approval.

The intended effective date of implementation would be July 1, 2006; however, institutions would have the option of implementing during FY ’06 if desired. Early implementers would have the further discretion whether or not to reclass current year ’06 activity. (Early implementers will need to coordinate their intentions with the Controller’s Divisions so proper chart maintenance can be performed.) Proposal and approval deadline to be discussed/determined at the December 6th, 2005 Business Officer’s Meeting.

The proposal is to create one additional account code in the investment revenue section of account for recording this activity.

05152 Tech Transfer Attorney Reimbursmnts

Definition: Reimbursement income of patent attorney expenses that are negotiated through a Technology Transfer agreement.

Return to Chart of Accounts Index Page
Last Updated: 12/01/05