Fund Balance

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Fund Balance

Literature Review on Accounting: Fund Balance and Net Position

In the Encyclopedia of Public Administration and Public Policy, [1] Dean Michael Mead offers the following summary about the topic of Fund Balance and Net Position in Accounting: Financial position—the status of a government's assets, deferred outflows of resources, liabilities, deferred inflows of resources, and residual balances at a given point in time—is undoubtedly a staple of governmental financial analysis. The commonly accepted approach to evaluating financial position is to compare a measure of a government's residual balances—its net position or fund balance—with a measure of its annual financial activity.

Resources

Notes and References

  1. Entry about Accounting: Fund Balance and Net Position in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)

See Also

Further Reading

  • Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)

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