Line of Accounting
The Lines of Accounting (LOA) is the funding associated with an organization’s budget. By understanding the elements that comprise a LOA you can determine the Service designator, fiscal year, appropriation, subhead, object class, plant UIC, suballotment, authorized accounting activity, transaction type, and Work Breakdown Statement (WBS) element/cost element.
The Appropriations code is tied to the Appropriation Categories
Example LOA Navy ERP Number: AA1701506U5B1253001900501202D00000A00000039869
Each of the various federal agencies has a different method for cost accounting. A typical string of accounting data found on a requirements document is 30 to 40 characters in length. Each of these characters are broken out differently in accordance with the accounting practices of the providing agency. However, the first 9 digits are the same for all agencies.
AcqLinks and References:
- Financial Management Compendium
- Line of Accounting Lesson and Breakout
- Color of Money by Holly Friedrich; Slide 14-28
- Website: Wikipedia – Financial Management
- Website: 31 U.S.C. 1301 - Application
- Website: DoD Comptroller: DoD 7000.14R - (Most Updated Versions)