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What is the Difference between government accounting and financial accounting?

The biggest difference is that government account is non-profit and based on funds....also called fund accounting. They do not have profits. Financial accounting tracks income and have or hope to have a profits.


What fund accounting?

Fund accounting is the accounting system emphasizing on accountability rather than profitability


What is fund-based exposure?

Fund-based exposure is actual lending from public banks. Non-fund based exposure is credit extended by private banks with no actual lending.


What is fund based exposure?

Fund-based exposure is actual lending from public banks. Non-fund based exposure is credit extended by private banks with no actual lending.


What are fund based and non fund based advances?

Fund Based Limit is a limit in which the Co. is getting money actually(Cash). eg: Cash Credit Term Loan Non Fund Base limit bank make payment on behalf of company. eg: Bank Guarantee Packing Credit Letter of Credit


What are non-fund based financial services?

Letter of CreditBank Guarantee


What is an accounting equation?

sources of fund is equal to application fund


Is mutual fund accounting different in Omaha, NE?

There is no real difference in a mutual fund accounting in any area. The only thing to worry about is various laws in different states with mutual fund accounting.


What are fund based limits?

Fund Based Limit is a limit in which the Co is getting money actually(Cash). whereas in non-fund base limit bank make payment on behalf of company. Fund Base Limit: Cash Credit Term Loan Non-Fund Base Limit: Bank Gurantee Packing Credit Letter of Credit


What has the author John P McAllister written?

John P. McAllister has written: 'Fund accounting' -- subject(s): Fund accounting


Where can one find more information about partner accounting software?

Advent Partner has a very high quality partnership accounting software. This software is generally for managing a fund's accounting like one would the fund's assets.


What is the meaning of fund accounting with reference to Mutual Funds?

It is the process of reviewing the net financial assets of a mutual fund company.