ABSTRACT
No institution of any size, public or private, can operate effectively without adequate accounting services, and the educational enterprise is one of the major activities of government. According to the National Education Association in Fiscal Year 2010, state and local expenditures for public elementary and secondary education accounted for 33.7 percent of total expenditures and was the single largest governmental expenditure. 1 Usually, public schools represent the largest enterprise of local communities, both in terms of the volume of financial transactions and in terms of the importance of the services provided.
