What Is Fund Accounting? Definition, Importance and How It Works Your email has been sent Fund accounting is an accounting system that’s used by nonprofit organizations or government entities. Learn ...

Fund balance is an important measure that represents the difference between a fund’s assets and liabilities. The overall objective of fund balance reporting is to isolate that portion of fund balance ...

GASB’s standard for fund balance reporting and governmental fund type definitions for state and local governments achieves its purpose, a review panel has found. The Financial Accounting Foundation ...

You are able to gift 5 more articles this month. Anyone can access the link you share with no account required. Learn more. Rangeley Town Manager Joe Roach updated the Selectmen about the Fund Balance ...

All resources (revenues) of an institution are initially classified as either unrestricted or restricted. This concept is applied to all of the fund groups, though particularly the current funds. From ...

Mt. Pleasant city commissioners have agreed to change the language of the city’s fund balance account. “The Governmental Accounting Standards Board is the governing board that makes the rules for how ...

The capital construction plant fund is used to account for all capital construction projects. A capital construction project is defined as any new building construction regardless of cost, as well as ...

Douglas County commissioners this week will consider replacing a policy that limits how much money they can keep in reserve ...

BOICEVILLE, N.Y. – Onteora school officials have $13.8 million in seven reserve accounts, a 39.63% reduction of $9.05 million in the funding used to offset borrowing on capital projects and big-ticket ...