Contents
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 positionthe status of a government's assets, deferred outflows of resources, liabilities, deferred inflows of resources, and residual balances at a given point in timeis 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 balancesits net position or fund balancewith a measure of its annual financial activity.
Resources
Notes and References
- 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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