Discussion Post
Accounting Manual for Public School Districts in the State of Washington.
Review Chapter 6 - Expenditure Accounts including Debt Service and Capital Assets
Review Chapter 7 - General Journal Entries including Debt Service and Capital Assets
Review Chapter 8 - Financial Reporting
Review Chapter 9 - Federal Grants Management
Review Chapter 10 - Capital Projects Fund and Transportation Vehicle Fund Accounting
Review Chapter 11 - Debt Service Fund Accounting
Review Chapter 13 - Fiduciary Activity
Review Appendix A - Program Expenditure Matrices
Review Appendix B - Additional Accounting Guidance
Review Appendix C - Reference Materials
• In this course, we have been reviewing audited financial reports. If the auditor's fee is paid from the entity being audited, isn't there a conflict of interests that may lead to a lack of objectivity?
• Do you believe that a CPA can be truly independent when their payment of fees is dependent on the client?
• You overheard a friend at a party say that changes in information technology will greatly decrease the demand for accountants. How would you respond to this comment?
• Most government entities, not-for-profits, and for-profit companies have a "Code of Conduct". This document outlines the responsibilities and proper practices for an individual in the organization. In most cases, new employees need to sign a letter acknowledging that they have read and understand the "Code of Conduct".
• Do you really believe that having a written code of conduct will reduce fraud and other dishonest acts in an organization? Why or why not?
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.