Fund accounting is a bookkeeping system used by nonprofit organizations (NPO) that focuses on accountability rather than profitability. You may be wondering what the difference between fund accounting and regular accounting is? Unlike commercial businesses that use regular accounting to manage expenses and profits, fund accounting ensures that costs and income are allocated for their …
Finding an accurate value for your company or asset holdings is critical for businesses to function well. Strong financial decisions come from reliable assessments. They also factor in many different data sources. Fair value accounting is one such tool used to find the equitable value of an asset between both buyer and seller. What Is …
How is goodwill treated in accounting? When you want to know the answer to this question, you need to suspend your normal thinking process around the definition of “goodwill.” Outside of the world of accounting, you might refer to goodwill as a company’s value that results from: Excellent teamwork Top-notch management skills Outstanding customer service …
