Fiduciary funds focus on current financial resources and use a full accrual basis of accounting.

Name: Fiduciary funds focus on current financial resources and use a full accrual basis of accounting.
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Fiduciary funds focus on assets that are held in trust or managed for the benefit of others. They use a modified accrual basis of accounting, which differs from the full accrual basis used in governmental and proprietary funds.

Fiduciary Funds Focus on Current Financial Resources and Use a Full