10 Fund accounting is a method of segregating resources into categories, (i.e. funds) to identify both the source and use of the funds. Establishment of such funds help to ensure better reporting of revenue and expenses. The four types of funds are the General Fund, Special Purpose Fund, Enterprise Fund and Fiduciary Fund. Any transfers between funds that result in duplication of revenue and/or expenses are eliminated during consolidation. Intra-fund transfers such as Programme Support Costs (PSC) within the General Fund are also eliminated.
