My question applies to the arena of non-profit accounting, etc.
2006-09-29 10:28:57 · 1 answers · asked by Insurance Question 1 in Business & Finance ➔ Other - Business & Finance
The ultimate "bible" for answering this question is FASB 116 and FASB 117, statements issued by the Financial Accounting Standards Board in the 1990's.
Barrons also has a dictionary of financial terms.
"Unrestricted funding" means most funding given to non-profit organizations except fund specficially for use in a future period (much as the future year portion of multi-year grants, which are "temporarily restricted" until the year in which they can be used, when they transfer to unrestricted) and funds given with permanent legal restrictions which cannot be altered (endowments, for example) which are "permanently restricted."
2006-09-29 10:34:02 · answer #1 · answered by urbancoyote 7 · 0⤊ 0⤋