This website uses cookies to ensure you have the best experience. Learn more

Fund Balance Essay

510 words - 2 pages

What is fund balance?Fund based financial statements are designed to show restrictions on the planned use of resources or to measure the revenues and expenditures arising from certain activities within a governmental not-for-profit organization. Financial transactions and adjustments are recorded in these funds. Each fund is a self-balancing set of accounts used to record data generated by an identifiable government function.Governmental not for profit organizations acquire revenues from private donations, endowments, and grants. These funds can be restricted by the donor. Governmental not-for-profit organizations set up different fund accounts to show the balance of the account and to show any transactions using the monies available.A fund is an accounting entity with a self-balancing set of accounts. These accounts are set up for recording assets, liabilities, fund balance, and changes to the fund balance. There are several major funds that are set up to account for the transactions in each fund.The main governmental fund is the general fund, this account is for activities of a government that are carried out primarily to provide services to citizens and that are primarily financed through taxes. An example of this would be the public safety departments. Police and fire departments provide the service to protect its citizens and the funding comes through the property taxes.Proprietary funds are to account for government's ongoing organizations and activities that are similar to those operated by for-profit organizations. An example of this would be an Enterprise fund. Any government operation that is financed in part by the outside is...

Find Another Essay On Fund Balance Essay

Incremental Budgeting Essay

1477 words - 6 pages The purpose of this essay is to evaluate how “Incremental budgeting is still the most popular form of budgeting because it works”. Firstly, this essay will explain the different types of budgeting. Secondly, the essay will compare and contrast incremental budgeting to zero-based budgeting (ZBB) and rolling budgeting. Finally, this essay will conclude to say where incremental budgeting is not the most popular form of budgeting. Incremental

Balance of Payments and International Monetary Assistance, A case study: Turkey

3185 words - 13 pages increased however the increase of debts might be a problem. In this essay I am examining the balance of payment and international monetary assistance. In the first section of the essay I examine the balance of payment and current account deficit and in the second section international monetary assistance is explained. In this Turkey is given an example to clarify the issue of balance of payments.IntroductionGlobalization is the rapid increase in

Chilean budgeting system: Review of institutional mechanisms and institutions

1740 words - 7 pages In this essay I will describe the main characteristics of the political and institutional context of Chile and its budget system, trying to identify some relations with the most important budget theories reviewed in the lectures. In the next place, I will recognise which of the institutional reforms advocated by Blöndal (2003) have been implemented in the country, and which have not. Finally, I will present some conclusions. General context

The IMF’s Role in Financial Crisis

2606 words - 10 pages decades. This essay will give an overview about what the IMF it is first, and then put forward by some examples that what kind of role the IMF has done to address financial issues, good or bad. Finally, this essay will propose some solutions about the IMF how could it be more useful to solve the financial crisis. Background The International Monetary Fund (IMF) is an international organization was set up in 1945 after World War II. The

Globalization and Women

1417 words - 6 pages , this essay will explore gender issues in the global political economy and their support as progressed by two major international organizations that focus on issues covered by the different definitions of feminist theory. The significance of the World Bank and the International Monetary Fund will be discussed as they pertain to the exploitation of women in developing countries and the failure to address their needs. Finally, once these two integral

Pakistan took too many loans from IMF which actually was not needed

2857 words - 11 pages The topic of my research essay is “Pakistan took too many loans from IMF which actually was not needed”. Pakistan did not need any foreign financial assistance and was able to handle the setbacks. In my essay, first of all I will tell you that what IMF is and what is his role in the world. Secondly, I will tell you that how and when Pakistan took his loans from IMF and what were the conditions set by IMF authorities. And then I will tell you the

Is there evidence to suggest that sovereignty as a corner stone of modern politics crumbling?

2377 words - 10 pages Sovereign states are the basic and indispensable building blocks of the international system. However in modern politics, there are many times where sovereignty is seen to be crumbling. This essay, aims to examine evidence to see if sovereignty as the cornerstone of modern politics, is actually crumbling. It will examine and analyze vital organisations, phenomenon’s, and situations such as globalization, the United Nations, the European Union

Supporting the Poor

891 words - 4 pages stated that the world presently produces enough food for everyone, but many people do not have availability to it. Hardin states in his essay, “Lifeboat Ethics,” the United States had a population of 210 million people in 1973 and were increasing at a rate of 0.8% a year; this is misleading because during that period of time there was a baby boom (Hardin 381-87). In the United States we have more farmable land than any other nation on earth with

positive and negative impacts of migration on berlin

795 words - 3 pages (“Migration to Berlin”). Lots of people move there for a better quality of life and jobs. This essay seeks to evaluate the positive and negative impacts of migration in Berlin. This research will begin by evaluating the economic factors of Migration it will then proceed to investigate the education factors. In the process it will be highlighted that the impacts of migration are balanced. BODY ECONOMY Firstly, Berlin is one of the

Private Investments in Human Capital Growth in Asian Countries

775 words - 4 pages This essay will be explaining that why macroeconomics stability is one of the key success factor that contributes to the tremendous economic growth in the last forty years of development in asian countries like singapore, hong kong and south korea. The objective of a government economic policy is to achieve stability. A volatile business cycle is not ideal to the economy as the rapid growth of an economy with high demand and inflation will

FDR And The New Deal

887 words - 4 pages Paul Gracey FDR and the New Deal Essay October 26, 2000 History Mrs. Strong Franklin Roosevelt has been called the greatest president to date. He is often considered one of the most influential leaders of the twentieth century. President Roosevelt began a new era in American history by ending the Great Depression that the country had fallen into in 1929. His social reforms gave people a new perspective on Government. Government was not

Similar Essays

What Is A Fund Balance? Essay

760 words - 4 pages Government entities report equity in governmental and trust funds as fund balance.A fund balance operates similar to savings accounts and is the difference between governmental fund assets and liabilities reported on the balance sheet. Governmental and nonprofit accounting both uses the concept of fund accounting. In fund accounting, the entity is divided into subsets or funds, each with its own self-balancing set of accounts. A look at the

The International Monetary Fund And Balance Of Payments

2057 words - 9 pages /journals.asp Eiteman, D. K., Stonehill, A. I., & Moffett, M. H. (2010). Multinational Business Finance. (12th ed.). Boston, MA: Pearson Education, Inc. International Monetary Fund (IMF). (n.d.a). About the IMF. Retrieved March 9, 2014, from International Monetary Fund (IMF). (n.d.b). Balance of payments and international investment position statistics. Retrieved March 9, 2014, from

How To Write An Essay

2961 words - 12 pages remember you. If a gymnast does a great balance beam routine but falls on the landing, then people forget the routine. Gymnasts need to "stick the landing," and so do essay writers.[1] Part 2 of 5: Revising Your Essay1Wait a day or so and re-read your essay. Get your essay done a couple of days before the due date so that you have time to go back and revise it to make it polished. Avoid turning in a first draft that you haven't double-checked for

International Economic Essay

3289 words - 13 pages the International Monetary Fund (IMF) for the purposes of (1) overseeing that nations followed a set of agreed upon rules of conduct in international trade and finance and (2) providing borrowing facilities for nations in temporary balance-of-payments difficulties."2.5Reserve CurrencyBecause the United States emerged from World War II as the world's largest economic power, with over half of the world's manufacturing capacity and the greater part