entity as a whole definition
The phrase used by FASB Statement 117 that describes the required focus of a nonprofit's external financial statements. Previously the external financial statements focused on individual funds.
The phrase used by FASB Statement 117 that describes the required focus of a nonprofit's external financial statements. Previously the external financial statements focused on individual funds.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.