Question

Compose an essay to discuss what you have learned about the following question(s). The essay should be a minimum of three thoughtful paragraphs and should be well written and well organized. I will be doing a Turn-it-in check on the essays. Use your own thoughts and organize well.

What is the purpose of fund accounting? How does it assist governments and how might it be a hindrance?

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What is the purpose of fund accounting? How does it assist governments and how might it be a hindrance?

Fund Accounting is said to be a system for accounting used especially in the government & non-profit organizations for the purpose of doing the accounting rather than taking profitability into account. In this system, a specific fund or the amount is set aside for the various rules and regulations and laws. We can also name Fund Accounting as Portfolio Accounting, Investment Accounting and Security Accounting....

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