Financial Accounting for Local and State School Systems: 2003 Edition

This NCES handbook has been designed as the national standard for state departments of education to use in reporting financial data and for school districts to use in preparing their comprehensive annual financial reports (CAFRs) that are submitted to their respective state departments of education. The purpose of the handbook is to ensure that education fiscal data can be reported in a comprehensive manner. The 2003 Edition contains guidance conforming to Governmental Accounting Standards Board Statements, up to Statement 39. 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.

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