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 ...

That's because mutual funds often come in different "share classes," each with unique fees and requirements. Think of it like buying airline tickets: while everyone's flying to the same ...

The key to current funds accounting is a thorough understanding of the proper accounting for revenues. Once the revenue is properly accounted for in the correct fund, and therefore the correct fund ...