This manual focuses attention on the problems involved in accounting for student body organization funds and offers information that may be used by school districts in establishing, reviewing, and revising fiscal policies and accounting procedures for student body organizations. It is intended that the application of the basic principles set forth in the publication will ensure high-quality control and accounting practices. Part 1 deals with management of student body organization funds. It touches on legal status, establishment, budgets, income, equipment, funds, insurance, and audits of student body organizations. Principles governing student body finance and administration of student organization financial activities are also mentioned. Part 2 covers accounting systems for student body organization funds. It deals with accounting terms and methods, charts of accounts, and guidelines for internal control of accounting. The appendix contains examples of journal entries, ledger accounts, end-of-month working papers, financial statements, and bank reconciliations. (Author/JM)