Fund Accounting
Fund accounting is an accounting system used mainly by non-profits and government entities to track resources based on their intended purpose. Instead of focusing on profitability, it emphasises accountability. Each fund is treated as a separate entity with its own records, ensuring restricted funds are used correctly.
More Items
Financial Reporting Standard (FRS 102)
The primary accounting standard for UK and Irish entities not applying IFRS, issued by the Financial Reporting Council (FRC). It…
Free Zone Entity
Financial risk is the possibility of losing money due to factors like debt obligations, market fluctuations, interest rate changes, or…
Franking Credits
Tax credits attached to dividends paid by Australian companies that have already paid corporate tax. Shareholders can use these credits…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.