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22) Object type does not need to be entered for online journal because object code itself can tell the system what the object type should be. Please confirm if your understanding is the same.
Correct!
23)Please help me understand how we differentiate fee revenue for OP from local fee revenue without fund #? My guess is we will have different account and different object code in KFS world for it.
Each KFS account contains Sub-Fund group code as its attribute, sub-fund group code maps to UCOP's Fund group code, which specifies the source of funding. In KFS you will have different accounts that are in turn map to its corresponding sub-fund group code, see http://www.ucop.edu/irc/campus_specs/caf/appendixefunds.pdf page 3