Fund Financial Statements. Within governmental funds, equity is reported as fund balance; proprietary and fiduciary fund equity is reported as net position.

Net position: The difference between assets and liabilities, of which may or may not be available for future spending.

It is similar to equity is the balance sheet of a business entity. In the statement of net position it is categorized, depending on the availability of the ... Net Investment in Capital Assets · Restricted Net Position

Fund balance is the term used for governmental funds, while net position is used when referring to Enterprise Fund net position. In technical terms, fund ...

The statement of net position should report the residual amount as net position, rather than net assets, proprietary or fiduciary fund balance, or equity.

Company equity, which is also commony referred to as shareholders' equity, is the net difference between a company's total assets and total liabilities.

Net position is the net amount of the assets, deferred outflows of resources, liabilities, and deferred inflows of resources that are not included in the ...

The Statement of Net Position provides a snapshot of the financial position of a governmental entity at a given point in time.

Net Position, Net Investment in Capital Assets (GL 2505) – This component of net position is the difference between assets, deferred outflows, deferred inflows ...