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ERIC Number: ED505993
Record Type: Non-Journal
Publication Date: 2009-Jun
Pages: 209
Abstractor: ERIC
Reference Count: 18
Financial Accounting for Local and State School Systems: 2009 Edition. NCES 2009-325
Allison, Gregory S.; Honegger, Steven D.; Johnson, Frank
National Center for Education Statistics
This handbook has been designed as the national standard for state and local education agencies to use in tracking and reporting financial data for school districts to use in preparing their comprehensive annual financial reports (CAFRs). The purpose of the handbook is to ensure that education fiscal data can be reported in a comprehensive manner. The 2009 Edition contains guidance conforming to Governmental Accounting Standards Board Statements, up to Statement 47. There are chapters on budgeting, governmental accounting and financial reporting. Account codes have been updated to reflect changes in the new reporting requirements and developments in technology and security. There are also special chapters on accounting student activity funds and a model for school level program cost accounting. Eight chapters comprise this guide: (1) Introduction; (2) Financial Reporting Within a System of Education Information; (3) Budgeting; (4) Government Accounting; (5) Financial Reporting; (6) Account Classification Descriptions; (7) Cost Accounting and Reporting for Educational Programs; and (8) Activity Fund Guidelines. Appendices include: (1) Summary of Account Code Changes Since 2003; (2) Other Resources; (3) Glossary of Acronyms; (4) Illustrative Financial Statements for an Independent School District; and (5) Criteria for Distinguishing Equipment from Supply Items. (Contains 27 exhibits.)
National Center for Education Statistics. Available from: ED Pubs. P.O. Box 1398, Jessup, MD 20794-1398. Tel: 877-433-7827; Web site:
Publication Type: Guides - Non-Classroom
Education Level: Early Childhood Education; Elementary Education; Elementary Secondary Education; High Schools; Higher Education; Intermediate Grades; Junior High Schools; Kindergarten; Middle Schools; Postsecondary Education; Preschool Education; Primary Education; Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Center for Education Statistics (ED)
IES Funded: Yes
IES Cited: ED538981; ED509800; ED544181; ED544191