Why is a "Funds Management" implementation not considered important other than in public sector industries? Is it difficult to implement, or is there not enough education in other sectors?
Public sector organizations are required to report by fund according to Generally Accepted Accounting Principles.(GAAP). Other sectors do not have this legal requirement. Public Sector organizations follow regulations set by the Government Accounting Standards Board (GAAB) which specifies how funds are handled. SAP conforms to the GASB requirements.
This was first published in July 2001