Concept of ''fund'' , Accounting Basics

Assignment Help:

Concept of 'Fund'

The word 'Fund' has a range of meanings. several people take it identical to cash and for them, there is no dissimilarity between Cash Flow and Funds Flow Statements.  Various others contain market- able securities besides cash in 'Funds'.  The International Accounting Standard'7' knows the lack of  a single definition for 'Funds', and uses the term 'Fund' to pass on to cash, and cash equal to or to Working Capital.  yet in Working Capital, there are 2 concepts - Gross Working Capital (aggregate Current Assets) and Net Working Capital (Current Assets - Current Liabilities).


Related Discussions:- Concept of ''fund''

Financial accounting versus managerial accounting, Q. Financial accounting ...

Q. Financial accounting versus managerial accounting An accounting information system offers data to help decision makers both outside and inside the business. Decision makers

Acounting, Why is it important for accounting information to be accurate an...

Why is it important for accounting information to be accurate and timely?

Advantages and disadvantages of fifo, Advantages and disadvantages of FIFO ...

Advantages and disadvantages of FIFO The FIFO method has four main advantages (a) it is easy to apply (b) the assumed flow of costs corresponds with the normal physical flow o

Please explain i''m so lost chandler ltd., Please explain I'm so lost ...

Please explain I'm so lost Chandler Ltd. estimates sales for the second quarter of 2014 will be as follows. Month Units April 2,550 May 2,475 June 2,390 The t

Ratio, How does contribution margin work?

How does contribution margin work?

Adjusting entry, office supplies on hand at year-end amounted to 3000.

office supplies on hand at year-end amounted to 3000.

Management, Management: Organizations may not or may exist for the sole re...

Management: Organizations may not or may exist for the sole reason of profit. Though, information requires of the managers of both types of organizations are approximately the sam

Direct materials, You have been assigned to analyze the costs of NC Microel...

You have been assigned to analyze the costs of NC Microelectronics, a microchip manufacturer. Indicate whether the following costs are more likely fixed (F), variable (V), or mixed

The sneed corporation issues 10, The Sneed Corporation issues 10,000 shares...

The Sneed Corporation issues 10,000 shares of $50 par value preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $75

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd