Visit and review the information on establishing a charter school as stated in the following case:
You are an accountant in a state that allows charter schools, or public school academies, to educate kindergarten through 12th grade students and receive public funds to do so. A group of parents and teachers are forming such a school and has asked for your help in establishing an accounting system. Use the Internet to identify resources that may help you in this task.
For examples, use your favorite search engine to look for information on “charter schools” and “accounting systems” and answer these questions:
- Would you expect an accounting system for this type of school to be any different from that used by traditional public schools?
- Should you incorporate budgetary accounting? (Hint: Try and look for “Budgets, Finance and Fund-raising” under “Resources” and “Starting a Charter School.”)
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