What isn fund accounting

Question

Accepted Answer

Fund accounting is a specialized form of accounting used by investment companies to track and report on the financial activities of investment funds.

Fund accounting is used by investment companies to manage the financial activities of investment funds.
It involves tracking and reporting on the income, expenses, and investments of the fund.
Fund accountants ensure compliance with regulatory requirements and provide accurate financial statements to investors.
They calculate the net asset value (NAV) of the fund, which represents the value of each share or unit.
Examples of investment funds include mutual funds, hedge funds, and private equity funds.

Accepted Answer

Fund accounting is a system of accounting used by non-profit entities to track the amount of cash assigned to different purposes and the usage of that cash. The intent of fund accounting is not to track whether an entity has generated a profit since this is not the purpose of a non-profit.

What isn fund accounting

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