Book Description

This fourth edition of a guide for independent school business managers has been produced in looseleaf format so that changes may be made promptly as decisions of regulatory bodies require modifications in current practice. Fourteen chapters are organized under three broad topic headings. Chapters in part 1, Accounting and Financial Reporting, concern the following subtopics: (1) basic accounting principles; (2) accounting for plant funds; (3) accounting for endowment funds; (4) accounting for operating funds; (5) the chart of accounts; and (6) financial statements. Part 2, Financial Management, contains chapters on: (7) dealing with the independent certified public accountant; (8) budgeting concepts and procedures; (9) cash management; (10) internal controls; (11) endowment management; and (12) financial planning. Part 3, Administrative Issues, contains chapters 13 and 14, which deal respectively with computerization of administrative issues and records retention. A number of exhibits contain sample entries to illustrate the principles explained in the text. (MLF)