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According to health care strives to portray various situations with a fair( to all parties) degree of accuracy. A
common type of accounting for these entities is called “fund accounting”. Fund accounting tends to portray
financial information in ways useful for not for profit organizations and their constituents. Interestingly, when I
did my MBA (Hint: there were no PCs or smart phones yet), fund accounting was barely mentioned.
What is different about finding account relative to the accounting used for for profit concerns? Is it really
different or just organized in a different way? Can you search the internet and post an example of statements
that appear to follow fund accounting formats? If not what specific organizations might you suppose use this
method?
Sample Solution
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