Financial accounting for school administrators : tools for schools / edited by Ronald E. Everett, Donald R. Johnson, Bernard W. Madden.

"Published in partnership with the Association of School Business Officials International."

Includes bibliographical references (pages 283-287).

Accounting and school business administration -- What is accounting? -- Basic principles of accounting -- Basic accounting techniques -- General ledger -- Journals -- Revenue accounting -- Expenditure accounting -- Special entries -- Basic financial statements -- Changes in financial position -- Special revenue funds -- Capital projects funds -- Debt service funds -- General fixed assets -- Enterprise funds -- Internal service funds -- Trust funds -- Agency funds -- Payroll accounting/development -- Internal Cash Control -- Student accounting -- Advanced financial statements -- Auditing -- ASBO International's Certificate of Excellence : financial statements and reports -- Moving beyond traditional measures of financial health : what school districts have learned from the private sector -- Using accounting information to measure fiscal health and manage a school district -- Future of financial and managerial accounting in the school setting.

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. - Publisher.