The terms used for classification of items on the Statement of Fiduciary Changes in Net Assets are:

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The terms used for classification of items on the Statement of Fiduciary Changes in Net Assets are Additions and Deductions, which include contributions, investment income, gains, losses, disbursements, and administrative expenses. This statement is used to report the changes in net assets of a trust or other fiduciary fund during a reporting period. The terms Revenues and Expenses are more commonly used for the Statement of Activities in a nonprofit organization. The terms Expenditures and Contributions are also used in nonprofit accounting, but they are not typically used in the context of a fiduciary fund.

The Terms Used for Classification of Items on the Statement