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Term of the Day for Tuesday, October 12, 2010
fund accounting
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Term of the Day fund accounting
A system of accounting used primarily by non-profit or government organizations. For these and other similar organizations, it is more important for them to keep a record of how their money was spent, rather than how it was earned, unlike corporations. Their accounting records take the form of a collection of funds, each fund having a distinct purpose, ranging from operating expenses to funding the various activities of the organization.
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Tough markets can really skew your financial perspective. And your portfolio balance. Rebalancing can help you get back on track to higher returns, as we've mentioned in the past.
Keep reading this tip...
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What are the different types of stock actions? Read about dividends, splits, and buybacks. Learn the consequences and the reasoning behind these actions.
Click here to read the article...
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| Quote of the Day
The stock market has forecast nine of the last five recessions. - Paul A. Samuelson
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