What does fund accounting mean?
Definitions for fund accounting
fund ac·count·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word fund accounting.
Wikipedia
Fund accounting
Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law. It emphasizes accountability rather than profitability, and is used by Nonprofit organizations and by governments. In this method, a fund consists of a self-balancing set of accounts and each are reported as either unrestricted, temporarily restricted or permanently restricted based on the provider-imposed restrictions.The label fund accounting has also been applied to investment accounting, portfolio accounting or securities accounting – all synonyms describing the process of accounting for a portfolio of investments such as securities, commodities and/or real estate held in an investment fund such as a mutual fund or hedge fund. Investment accounting, however, is a different system, unrelated to government and nonprofit fund accounting.
Numerology
Chaldean Numerology
The numerical value of fund accounting in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of fund accounting in Pythagorean Numerology is: 8
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"fund accounting." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/fund+accounting>.
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