Workday Foundation Data Model (FDM)

Please note that beginning on July 1, 2019 the University is utilizing a new chart of account structure in Workday. 

Foundation Data Model (FDM) is the Workday chart of account structure that is used for accounting and financial reporting.  The FDM combines the ledger accounts with other financial worktags to be able to report on various dimensions of the organization.

Worktags classify transactions for financial reporting.  Fund, cost center, gift, discretionary, grant, and projects are all examples of worktags that can be tagged to a transaction to add another reporting dimension.

Ledger Account details the type of transaction that is being posted to the general ledger.  The ledger account will have 4 digits.

Fund is a worktag used to classify the restriction of the funding source.  The fund worktag will begin with FN followed by 2 digits.

Cost Center (formally known as a DeptID) is a worktag that owns the transaction.  The cost center worktag will begin with CC followed by 5 digits.

Grant is a worktag used to track grant expenses.  The grant worktag will begin with GR followed by 5 digits.

Gift is a worktag used to track spendable and endowment gift revenue and expenses.  The gift worktag will begin with GF followed by 5 digits.

Discretionary is a worktag used to track University funded expenses that have been internally designated for a specific purpose.  The discretionary worktag will begin with DC followed by 5 digits.

Project is a worktag used to track capital project spending.  The project worktag will begin with PJ followed by 9 digits.

Program represents the functional expense as designated by NACUBO.  This field is a relational worktag to the cost center which means that when a cost center is entered in a transaction the program will automatically populate as there is a one to one relationship between those two worktags.  This relationship is superseded in cases when an expense is charged to a grant.  The program should never be changed once populated in Workday.