Financial Accounting for School Administrators: Tools for SchoolAn update to Financial and Managerial Accounting for School Administrators: Superintendents, School Business Administrators and Principals, this book and CD includes current best practices, GASB pronouncements, and web-based applications. It also provides school administrators with important accounting background, technique, and applications in the school environment and demonstrates the overall binding effect accounting has on all of the tasks and functions performed by school administrators. Knowledge about accounting and accounting skills pervades all aspects of the day-to-day operation of a school and school district. The proper day-to-day operation of the schools and quality planning and decision-making cannot realistically take place unless administrators and board members have an understanding of school fund accounting. The present and the future will see the need for both financial and managerial accounting. One type will not overshadow the other. Both will continue to evolve and develop to satisfy the needs of society and the education community. Financial and managerial accounting together can be thought of as the process that gathers, produces, organizes, and presents information that can be consumed by a wide variety of users for the purpose of keeping an organization operating, growing, improving, and changing. This book and CD will be useful to superintendents, school business managers, and principals. |
Contents
Chapter 1 Accounting and School Business Management | 1 |
Chapter 2 What Is Accounting? | 18 |
Chapter 3 Basic Principles of Accounting | 25 |
Chapter 4 Basic Accounting Techniques | 34 |
Chapter 5 General Ledger | 40 |
Chapter 6 Journals | 59 |
Chapter 7 Revenue Accounting | 66 |
Chapter 8 Expenditure Accounting | 76 |
Chapter 17 Internal Service Funds | 198 |
Chapter 18 Trust Funds | 204 |
Chapter 19 Agency Funds | 208 |
Chapter 20 Payroll AccountingDevelopment | 214 |
Chapter 21 Internal Cash Control | 226 |
Chapter 22 Student Accounting | 237 |
Chapter 23 Advanced Financial Statements | 243 |
Chapter 24 Auditing | 249 |
Chapter 9 Special Entries | 88 |
Chapter 10 Fund Balance Accounts and Financial Statements | 96 |
Chapter 11 Changes in Financial Position | 107 |
Chapter 12 Special Revenue Funds | 121 |
Chapter 13 Capital Projects Funds | 130 |
Chapter 14 Debt Service Funds | 149 |
Chapter 15 General Fixed Assets | 173 |
Chapter 16 Enterprise Funds | 186 |
Financial Statements and Reports | 260 |
Chapter 26 Using Accounting Information to Measure Fiscal Health and Manage a School District | 267 |
Chapter 27 School Fund Accounting and the Future | 279 |
283 | |
Glossary | 289 |
About the Authors | 315 |
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Common terms and phrases
2009 Edition Allison account balances accounting equation Accounts payable activity funds Ad Valorem Taxes agency fund Amount Date P.R. appropriate ASBO audit balance sheet board of education bond issue budget capital assets capital projects fund Cash in Bank control account cost Date P.R. Amount Debit Credit debt service fund depreciation earnings employee enterprise fund equipment estimated revenue expenditure accounts expenditures and fund expense federal financial position financial statements fiscal fixed assets fund balance account fund equity GASB Hills School District interest internal service fund inventory investments June 30 Kimberly Hills School ledger accounts managerial accounting operations P.R. Amount Date paid payroll Prepare purchase order ratios reflect reserve for encumbrances retirement revenue accounts revenue and expenditure salaries school business administrator School Systems sources special revenue fund statement of changes statement of revenues student taxes receivable TEXTBOX Total trial balance trust fund Unreserved fund balance voucher XXXX