Monthly Archives: May 2014

The Basics of Government Fund Accounting

This post discusses basics of Government Fund Accounting. Of course the topic is more complex, but this offers a nice baseline. Formal governmental accounting started in 1934 and was formerly established as the Governmental Accounting Standards Board (GASB) in 1984. The GASB functions under the guidance of the Financial Accounting Foundation. The GASB is the […]

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How to measure your school district’s financial health

Financial Obligations

A straight forward way to measure your school district’s financial health is to measure its short term obligations. There is a relatively simple financial ratio that anyone can use to assess the financial health of a government entity. The way you measure short term obligations is you simply compare current assets to current liabilities. The […]

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