SFO Exam Prep I – Accounting Systems and Functions
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The SFO exam domain content consists of two areas: accounting and school business Management. This webinar will provide a wide overview of the accounting, addressing management of accounting systems and management of accounting functions. First, we’ll cover the organizational, procedural, and systematic elements of accounting including maintaining software, upholding financial data integrity, administering the chart of accounts, analyzing account records, and recording district assets. Second, we’ll discuss accounting functions ranging from payroll, billings, collections, and payments, to establishing procurement procedures, adhering to budget guidelines, preparing financial reports, and managing cash flow as well as capital assets.
Objective 2: Understand how to manage payroll and personnel functions in the context of accounting, including salary, staffing needs, and benefits.
Objective 3: Understand the management of accounts receivable and well as purchasing and procurement processes.
Objective 4: Gain a general understanding of managing annual budgets, prepare financial reports, managing cash flow, managing activity accounts, and GASB standards.
Brenda Burkett, CPA, SFO, CSBA, Chief Financial Officer, Norman Public Schools, Norman OK
Accounting, Auditing, and Financial Reporting
Management of Accounting Functions
Management of Accounting Systems