An update to Financial and Managerial Accounting for School Administrators: Superintendents, School Business Administrators and Principals, 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.