Abstract
The nonbusiness world of municipalities, colleges and universities, hospitals, and other nonprofit organizations follows its own rules when it comes to financial statements, and these are often confusing to anyone who is accustomed to business accounting. According to this author, it was the concept of fund accounting that divided the two worlds of business and nonbusiness accounting and led to a situation where it is almost impossible to judge the financial performance of nonbusiness entities. He shows how financial statements of the business and nonbusiness worlds can use the same standards, with a few modifications for the unique features of nonbusiness organizations.
Keywords
AccountingBusiness
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Publication Info
- Year
- 1980
- Type
- article
- Volume
- 58
- Issue
- 3
- Pages
- 83-93
- Citations
- 172
- Access
- Closed
External Links
Citation Metrics
172
OpenAlex
Cite This
Anthony Rn
(1980).
Making sense of nonbusiness accounting..
PubMed
, 58
(3)
, 83-93.