Financial Accounting for Local and State School Systems: 2014 Edition

This NCES handbook has been designed as the national standard for state and local education agencies to use in tracking and reporting financial data and 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 2014 Edition contains guidance conforming to Governmental Accounting Standards Board Statements, up to Statement 70. 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.

Online Availability

• Download, view and print the report as a pdf file.
• Browse this document.