Questions and Topics We Can Help You To Answer;

Answer the following questions:
1.    How are salaries and contracts for professional services handled in Encumbrance Accounting systems? Why would understanding this concept be beneficial to the school principal?  
2.    What are the benefits of Cost Accounting? How would you attribute the costs of a Guidance Counselor to the various programs within the school center? 
3.    Explain the difference between the different types of Audits. What type of Audit would be completed to monitor the following
•    Internal accounts 
•    FTE funds
•    Federal funds (i.e. IDEA grants)
From the "Redbook" answer the following items:
7.    Summarize the Principles underlying the accounting for School Internal Funds.
8.    The General Practices section outlines common sense procedures regarding the handling of Internal Funds.  Identify the major focus of these principles.
9.    Explain the purpose of the requirements under Check Signatures.
Using the concepts presented under the Cash Collections and Deposits section, write a summary of procedures you would present to the teachers in your school regarding collecting cash from students in their