Fund

Home » CMA Glossary Term » Financial Statements and Reporting » Fund

In accounting, a “fund” refers to a pool of financial resources set aside for a specific purpose or project, often used in governmental and non-profit accounting. It represents a self-balancing set of accounts, recording cash and other financial resources, along with related liabilities and residual equities or balances. Understanding the fund meaning in accounting is crucial for accurate financial management and reporting.

CMA Exam Academy 16-Week Accelerator Program