Talk:Fund accounting

Short
This is a very short article based on a large subject. It doesn't even list the different funds used in fund accounting, let alone their uses. It does not specifically discuss that Fund Accounting usually relies on cash-based accounting system, which presents several reconciliation and reporting problems when presenting financial statements.

Governmental Generally Accepted Accounting Principles (GGAAP) should be moved to a new article, since fund accounting does not exclusively apply to governmental entities. Mtmelendez 15:08, 25 May 2006 (UTC)

It would be nice to see examples of a general fund with a budget, the entries to post it to a ledger (by using an actual form), examples of opening entries, an example of daily entries and then closing entries, followed by the fund balance being transferred to the next year. To see it actually laid out like that would be very helpful. Unfortunately, I do not have the expertise to do it myself.MHuntington 07:21, 28 September 2006


 * I removed the "stub" tag and replaced it with an "expand" tag after adding a lists of fund types and the Basis of Accounting section. The article still needs something about Federal Government funds. I'm not sure how far the article should go in providing examples of budgets and ledger entries; it has to be limited to just a few or the article could become textbook-sized, too big for an encyclopedia. Folklore1 (talk) 15:34, 17 March 2010 (UTC)

After adding text about Federal Government funds and a section of general fund entries for a fictitious city government, I removed the Expand tag. I've kept it very simple, and chose not to mention encumbrances. If you think the article needs more of something somewhere, please mention what you'd like to see. Folklore1 (talk) 19:10, 31 March 2010 (UTC)

Proposal to add link to accounting math book
Previously, I added a link to my free accounting math book; however, that was in violation of the conflict of interest policy. So now I am proposing that someone else add the external link to the book. It has a section that mathemacically describes Fund Accounting, which is appropriate for this article. The URL to the book is *Fund Accounting Mathematically Described. Timhowardriley 17:08, 2 May 2007 (UTC)


 * Chapters 16-20 of Tim Riley's book are definitely relevant. I like the examples and supporting math given for recording fund accounting transactions. So, I've added an external link. Folklore1 (talk) 14:35, 16 March 2010 (UTC)

Recording Methods and Software
This section discusses a minor detail of Fund Accounting. Should it be a part of this article? Is it appropriate to include information at this level of detail? Folklore1 (talk) 13:08, 18 March 2010 (UTC)


 * Probably not, the section is unsourced and a potential spam magnet – until sources are found, language like "For this reason, many nonprofit organizations and the public sector will often use off-the-shelf or custom-designed accounting software that is flexible enough to accommodate the needs of special reporting" begs for the addition of ", such as SuperCPA's SuperFundManager". --CliffC (talk) 18:23, 18 March 2010 (UTC)

I removed this section from the article. If you feel something about "recording methods" should be included, please provide references and avoid statements endorsing software brand names. Folklore1 (talk) 17:57, 19 March 2010 (UTC)

Peer review
Should we subject this article to peer review? Lbertolotti (talk) 15:16, 12 August 2015 (UTC)

Needs to be expanded to other countries
This article only refers to fund accounting in the U.S. It should be expanded to include other accounting guidelines, especially the international ones, used by many countries around the world. Carsya (talk) 21:15, 30 September 2015 (UTC)
 * Surprised to find a article about a general topic of accounting which is so strongly focused on only the US perspective categorized as a Good Article. Done some work today try and give it a bit more of a world wide view. ThinkingTwice  contribs &#124; talk 15:30, 29 October 2016 (UTC)
 * Are you happy enough with the globalisation now to remove the tag or does it need more work? AIRcorn (talk) 23:38, 3 April 2018 (UTC)
 * The article now has some information about fund accounting in another country, so I removed the Globalisation tag. Folklore1 (talk) 17:24, 22 June 2022 (UTC)

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