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 ...

From the Audit Guide Statement of Position (SOP): The Current Funds group has two basic subgroups—unrestricted and restricted ... available to meet the institution’s objectives. Separate accounting ...

Learn about the different types of mutual funds, what they cost, how they work, how they’re taxed, and more. Mutual fund orders are executed once a day, at 4 p.m. Eastern Time, and are typically ...

Fund accounting groups financial data together ... GAAP is the abbreviation for Generally Accepted Accounting Principles. It's the brainchild of the Financial Accounting Standards Board (FASB ...