Major Funds


Simply put, Major Funds are an investment strategy. This is an approach that is better than the status quo and results in more money over time—measured by investment growth plus dividends; less transaction costs; and a lower likelihood of financial calamity.

More About Major Funds

Continue reading to learn more about:

How are major funds determined?
How does an enterprise fund work?
What are the five types of government funds?
What are the major funds in governmental accounting?
What are the three major sections of the comprehensive annual financial report?


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How are major funds determined?


The major mutual fund categories are determined by the size of assets under management. From the smallest to the largest, there are 11 categories of major funds. The most important of these are assets (relative size) and total net assets. Other considerations include average daily trading volume (ADTV), marketability, distribution channel, and the type of products offered by the fund.


 
 

How does an enterprise fund work?


An enterprise fund is the longest-standing form of fund to support and grow businesses in the UK. They are now the most established form of public-private partnership structure for business support. Enterprise funds exist to invest in and support every size and type of business across every part of Britain and throughout the economic cycle. The role that a national, regional, or local enterprise fund plays in supporting their local economy is crucial, and they play a key role in helping businesses succeed and thrive by investing in their capabilities and infrastructure.

 

What are the five types of government funds?

Governmental funds use accounting principles to record and report financial activity within the government. 

These accounts are grouped into five main categories:


1. General

2. Additional revenue

3. Debt repayment

4. Fiduciary responsibility and trust

5. Budgetary

 
  • What are the major funds in governmental accounting?

    A government may maintain a variety of accounts to account for certain transactions or particular types of assets, liabilities, income, expenditures, or other financial flows. Major funds are accounting structures established by governmental units to account for major classes of financial transactions and resources that have different financial reporting requirements. Major funds typically cover all resources and related liabilities for the major classes, but exclude any covered by specific fund releases.
  • What are the three major sections of the comprehensive annual financial report?

    The major sections of the annual financial report are: 

    1. Management's Discussion and Analysis (MD & A)

    2. Financial Statements for the Government As a Whole

    3. Financial statements condensed for smaller reporting units