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March 18, 2026The Accounting Review

The Funds Statement Reconsidered.

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Authors

LGLouis J. GoldbergCornell University

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Implication

This analysis clarifies the definition of funds in balance sheets, indicating implications for understanding financial reporting.

Key Points

  • The aim is to clarify the definition and concept of 'funds' as depicted in balance sheets.
  • Discussed the traditional view of balance sheets and its implications.
  • Examined how 'funds' have been misinterpreted, particularly by students.
  • Proposed a need for clearer terminology to differentiate 'funds' from 'cash'.
  • Established that a decrease in cash can be seen as a source of funds, challenging common misconceptions.
  • Highlighted the distinct nature of an accountable entity compared to its owners and creditors.
  • Suggested that a new term may be necessary to avoid confusion regarding funds.

Cite This Study

Louis J. Goldberg (1951) studied this question.

synapsesocial.com/papers/69ba42ee4e9516ffd37a3a82https://doi.org/10.2308/tar-7075377
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1A NEW FORM OF FUNDS STATEMENT.1940
  2. 2THE FUNDS STATEMENT AS AN ANALYSIS TOOL.1959
  3. 3"Funds" Statements: A Historical Perspective.1969
  4. 4FUNDS STATEMENT PRACTICES IN THE UNITED STATES AND CANADA.1954
  5. 5INVENTORIES AND THE STATEMENT OF FUNDS.1943