A system of accounting used primarily by non-profit or government organizations. For these and other similar organizations, it is more important for them to keep a record of how their money was spent, rather than how it was earned, unlike corporations. Their accounting records take the form of a collection of funds, each fund having a distinct purpose, ranging from operating expenses to funding the various activities of the organization.
Related information about fund accounting:
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Fund accounting is an accounting system emphasizing accountability rather than profitability, used by non-profit organizations and governments. In this system ...
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Aug 28, 2012 ... Class Objectives. • Demonstrate knowledge of basic accounting terms. • Explain how we use Fund Accounting with the Integrated System. 2 ...
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Meet the complex challenges of nonprofit and government financial management with award-winning Sage 100 Fund Accounting Software. Learn More Today!
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