Why accountants came up with this concept of fund accounting for non for profit organizations?Why couldn't they

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Why accountants came up with this concept of "fund accounting" for non for profit organizations?Why couldn't they just use the same accounting methods for corporations for governmental units, hospitals, colleges, or charities?

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Introduction To Management Accounting

ISBN: 9780273737551

1st Edition

Authors: Alnoor Bhimani, Charles T. Horngren, Gary L. Sundem, William O. Stratton, Jeff Schatzberg

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Posted Date: Mar 19, 2024 12:17 PM

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Why accountants came up with this concept of fund accounting for non for profit organizations?Why couldn't they

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Fund accounting was developed specifically to address the unique needs and characteristics of nonprofit organizations governmental entities hospitals ... View the full answer

Introduction To Management Accounting

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