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Business Glossary Terms - C

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Find below a glossary of terms and definitions that begin with the letter C as it relates to business definitions.

Term Description
CAMP The Louis Stokes Alliance for Minority Participation (LSAMP) program - or CAMP, as California's alliance is called - is federally funded by a grant from National Science Foundation with the purpose of increasing the diversity of student participation in science, technology, engineering, and mathematics (STEM) majors, and supports continuation to graduate studies, particularly for the Ph.D. CAMP serves UC undergraduate students who are from ethnically underrepresented groups and are permanent residents or U.S. citizens. Students should visit individual campus websites for information on applying to CAMP.
Capital Appropriations Nonoperating revenues appropriated to a GASB institution by a government with the requirement that the funds be used primarily to acquire, construct, or improve capital assets, including buildings, land, equipment, and similar capital assets.
Capital Assets Tangible or intangible assets that are capitalized under an institution's capitalization policy; some of these assets are subject to depreciation and some are not. These assets consist of land and land improvements,buildings, building improvements, machinery, equipment, infrastructure, and all other assets that are used in operations and that have initial useful lives extending beyond one year. Capital assets also include collections of works of art and historical treasure and library collections; however under certain conditions such collections may not be capitalized. They also include property acquired under capital leases and intangible assets such as patents, copyrights, trademarks, goodwill, and software. Excluded are assets that are part of endowment funds or other capital fund investments in real estate.
Capital grants and gifts Revenues of a GASB institution, other than capital appropriations, where a funding source external to the institution specifies that they be used primarily to acquire, construct, or improve capital assets. Includes gifts designated for a capital project.
Capital Leases Capital assets acquired under lease arrangement, as provided in FASB Statement No. 13 (applicable to both FASB and GASB institutions). These are leases where the institution in substance acquires the capital asset or the right to use it for most or all of its economic life through a lease arrangement. FASB standards require institutions to recognize such assets in their financial statements and also to recognize the lease payment obligations as liabilities. The lease is basically considered a form of financing used to acquire the capital asset.
Capital Outlay The cost of acquiring plant assets, adding to plant assets, and adding utility to plant assets for more than one accounting period.
CA Resident California residency can be different for purposes of admission vs students who are eligible for California resident tuition and fees.
CCC California Community College.
Certificate A formal award certifying the satisfactory completion of a postsecondary education program.
CIP code A six-digit code in the form xx.xxxx that identifies instructional program specialties within educational institutions.
Classification of Instructional Programs (CIP) A taxonomic coding scheme for secondary and postsecondary instructional programs. It is intended to facilitate the organization, collection, and reporting of program data using classifications that capture the majority of reportable data. The CIP is the accepted federal government statistical standard on instructional program classifications and is used in a variety of education information surveys and databases.
Comparison Schools A comparison of the University of California with other 4-year public universities and 4-year private universities. UC historically has used eight universities against which to benchmark faculty salaries. The comparison institutions —four public and four private —are: University of Illinois, University of Michigan, University at Buffalo and University of Virginia (all public); and Harvard, Massachusetts Institute of Technology, Stanford and Yale (all private).
Completer A student who receives a degree, diploma, certificate, or other formal award. In order to be considered a completer, the degree/award must actually be conferred.
Contracts and Grants Contracts and Grants include federal, state, local and private grants, including federal Pell grants and federal financing appropriations.
Core Expenses Total expenses for the essential education activities of the institution. Core expenses for public institutions reporting under GASB standards include expenses for instruction, research, public service, academic support,student services, institutional support, operation and maintenance of plant, depreciation, scholarships and fellowships, interest and other operating and nonoperating expenses. Core expenses for FASB (primarily private,not-for-profit and for-profit) institutions include expenses on instruction, research, public service, academic support, student services, institutional support, net grant aid to students, and other expenses. For both FASB and GASB institutions, core expenses exclude expenses for auxiliary enterprises (e.g., bookstores, dormitories),hospitals, and independent operations.
Core Revenues Total revenues for the essential education activities of the institution. Core revenues for public institutions (using the Governmental Accounting Standards Board (GASB) standards) include tuition and fees; government appropriations (federal, state, and local); government grants and contracts; private gifts, grants, and contracts;investment income; other operating and nonoperating sources; and other revenues and additions. Core revenues for private, not-for-profit and public institutions reporting under the Financial Accounting Standards Board (FASB) standards include tuition and fees; government appropriations (federal, state, and local); government grants and contracts; private gifts, grants, and contracts; investment return; sales and services of educational activities; and other sources. Core revenues for private, for-profit institutions reporting under FASB standards include tuition and fees; government appropriations (federal, state, and local); government grants and contracts;private grants and contracts; net investment income; sales and services of educational activities; and other sources. In general, core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.
CPI Consumer Price Index (CPI) is one of the most frequently used statistics for identifying periods of inflation or deflation. Changes in the CPI are used to assess price changes associated with the cost of living.