FAS Gargoyle
FAS User's Manual
Table of Contents


Fund Accounting 

FAS adheres to the principles of fund accounting, which require financial activity to be grouped according to certain classifications. The purpose of grouping these funds together by classification is to segregate each type of financial activity from all the other types. That way, we can monitor and report on the financial position of each one separately, as required by the principles of fund accounting. 

A fund, then, is an accounting entity with a self-balancing set of account controls for recording assets, liabilities, a fund balance, and changes in the fund balance. 

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