Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...

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 ...

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 ...

The Federal Accounting Standards Board develops the generally accepted accounting principles, or GAAP, which are accepted and used universally by certified public accountants. Businesses use the GAAP ...

When you take cash out of your business and put it into a restricted fund, meaning it's set aside for a specific purpose, the transaction must be recorded in accordance with generally accepted ...

Grace Adagba, executive chairman, Benue SUBEB, has emphasized the importance of International Public Sector Accounting ...