Account Codes: Detail

05153-Royalty Income-Venture Development

Description:

To record income from patents, copyrights, and similar revenue-producing investments that are attributable to the use of venture development funds. The accounting for venture development funds is discussed in OUS Fiscal Policy 05.736. This account code will be used as a basis for calculating and verifying the 20% of the royalty income from the use of venture development funds that must be transferred to the State of Oregon General Fund. This account code will be used only by institutional technology transfer offices.

Account Type Code: 55
Data Entry Status: Y (Yes)
Tax Reportable Status: Not Tax Reportable
#