Examlex
An audience/purpose profile is primarily useful as
Public Institution
An organization established by the government to serve the public’s interest, typically funded by public money.
Enterprise Fund
A fund used by a government to account for operations financed and operated in a manner similar to private business enterprises, where the intent is that the costs of providing goods or services to the public on a continuing basis be financed or recovered primarily through user charges.
GAAP
Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting.
Statement of Net Position
The Statement of Net Position is a financial report that details the assets, liabilities, and net worth (equity) of an entity at a specific point in time, akin to a balance sheet in the private sector.
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