Accounting information

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Accrual Accounting, Accounting Cycle, Small Business Motivation, Trial Balance, General Ledger, Financial Statements, Cash Flow Statement, Income Statement, Financial Accounting

What is the Accounting Cycle? The Accounting Cycle helps you turn your raw financial information into financial statements that you can use to manage and grow your business. It explains the process of recording transactions, creating financial statements, and closing accounts for the next period.

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Fund accounting is an accounting method that groups assets and liabilities according to the specific purpose for which they are to be used It keeps restricted and unrestricted funds separate for churches and nonprofits.  In the mid 1990’s, the Financial Accounting Standards Board (FASB) issued the Statement of Financial Accounting Standards (SFAS) Numbers 95, 116, 117, and 124.   Click on the link for further information. Accounting Standards, Assets And Liabilities, Accounting Basics, Financial Accounting, Non Profit, Accounting, Quick Saves

Fund accounting is an accounting method that groups assets and liabilities according to the specific purpose for which they are to be used It keeps restricted and unrestricted funds separate for churches and nonprofits. In the mid 1990’s, the Financial Accounting Standards Board (FASB) issued the Statement of Financial Accounting Standards (SFAS) Numbers 95, 116, 117, and 124. Click on the link for further information.

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