Good bookkeeping is one of the most essential parts of a successful school: it will keep everything running smoothly, stop the ire of auditors, ensure that teachers and other workers get paid on time, and ensure that everything is done in a transparent manner in line with the expectations of public workers. …
A failure to keep books properly can have very real ramifications for a school, a district, and the workers in it: it could cause intense scandal and cost people jobs and the district money. Furthermore, regular audits are done to ensure that all moneys are accounted for in reasonable ways, meaning that mistakes will get found and will have real consequences for everyone in the chain of bookkeeping, which could possibly include dismissal. It is difficult to overemphasize the importance of proper bookkeeping. This will simply serve as a refresher, please remember that the full description of appropriate policies and legislation relating to school accounting can be found in the Tennessee Internal School Uniform Accounting Policy Manual. There are several things that can lead to effective bookkeeping, and it is firstly important to emphasize basic and fundamental general rules before moving on to the specifics. Firstly, a record keeping must be orderly and complete. Any transaction including school funds should be kept in a safe location, organized by date and able to be recalled at will. Secondly, transparency is of fundamental importance. If anything does seem to be amiss, it is my responsibility as principle to immediately notify a superior, and thus it is your responsibility to immediately notify me. ...
These include funds of a variety of sources, including rental fees for non-district use of school property, student activity fees, donations, and even including cafeteria money. One of the most important and sometimes irking aspects of accounting is that specific fees sometimes need to be assigned to specific tasks, and cannot be used for other tasks. A school’s general fund, which constitutes money gained for the operation of a school, for instance, are only allowed to be use to supplement and not to replace the obligations of the school board, for instance. This means that while the general fund should not be used for school repairs, for instance, which are the responsibility of the district. Thus it is important to keep auditors happy and the whole process smooth that we be very conservative when administering funds, keeping careful track of the money flow and be able to demonstrate that moneys collected under one fund, the general fund, for instance, are not used in inappropriate, or even seemingly inappropriate ways. Thus, it is incredibly important to keep strong firewalls between different kinds of funds used by the school, and flag any funds that might transfer between the two. Finally, it is of the greatest importance that enough internal controls are in place to ensure that the school is not damaged or defrauded, and that moneys are not misused. There can be very serious consequences from lack internal controls, including bank deposits being stolen, money being diverted for internal use, and so forth. This means things discussed above such as physical control of records, but also daily tallying of cash flows in and out (in cafeterias, and with cash registers, for instance) as well as ensuring proper security ...
Cite this document
(“Effective Bookkeeping Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.net/education/69994-field-experience
(Effective Bookkeeping Essay Example | Topics and Well Written Essays - 750 Words)
“Effective Bookkeeping Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/education/69994-field-experience.
(Ferguson, 2009, p. 41)A school beekeeper has to familiarize with the bookkeeping procedures and be compliant as per the state and the district guidelines for spending and collecting money. (Muchira, n.d.) The Tennessee Internal School Financial Management Manual is issued to the school systems to have a uniform accounting procedures.
Evaluating the Foreign Corrupt Practices Act (FCPA) 15 USC § 78dd–1 - of 1977 Name: College: Table of Contents Table of Contents 2 1.0 Introduction 3 2.0 History of the Act 3 3.0 Implementation of the Act 5 3.1 Critics of the Act 6 3.2 FCPA Amendments 7 3.3 FCPA Implementation 8 4.0 Impacts of FCPA 10 5.0 Policy analysis 13 5.1 FCPA Effectiveness 13 5.2 FCPA Weaknesses 14 5.3 Recommendations 15 6.0 References 16 Evaluating the Foreign Corrupt Practices Act of 1977 1.0 Introduction Bribery cases involving U.S officials were a government concern that threatened integrity across the private and public sectors.
Luca Pocioli was regarded as the father of accounting. In the earlier days his book “Summa on Arithmetic Geometry, Proportions and Proportionality” was followed by every school and were taught to the children of the merchants. In the book, double entry system of accounting was also described.
It is not sufficient to have knowledge of modern managerial concepts, but the most important aspect is having the knowledge required for their implementation (Anantatmula, 2008). Organizations are advised to gain a lot of knowledge, but at the same to manage it in the most effective manner, which requires the leaders to develop and use different skills, abilities and insights; the leader/manager is required to become a knowledge officer, who can improve the competitiveness of the organization and also improve the productivity of the human resources (Anantatmula, 2008).
Knowing the points will support to grow effective leaders for corporation. It looks like there is just a single thing that one requires to essentially be born with, in order to be a leader afterwards in time. That is brainpower. A leader has to be sufficiently intelligent.
The author states that there are many ways to make an advertisement effective. He will provide three dimensions of an advertisement further: the rational or logical reasons for purchase; the mnemonic or memory aspects of the message (which explains things like the 50 year retention of the Reingold); the emotional or motivational reasons for purchase.
According to Pfeffer and Veiga(1999), common sense and common knowledge are different. Knowing things is different from doing things. Being able to analyze a case, identify a problem, suggest a correct solution makes a manager more effective. Out of all the characteristics that make an effective manager, the most important ones are the personal qualities, interpersonal attributes and group skills.
Even though the word “effective” has been generally used, it just makes significance when context and objectives are particular and specified. Effective for what? Effective for when? The current framework has these vital
Communication between an individual and the congregation is a complex process that may not be achieved properly if the concepts presented by Carnegie are not factored, in the speaking process. Effective public speaking involves the understanding of the audience and
ation between the members of the team, implying that there are no personal differences between the team members or if there is noticeable progress in terms of achieving the common goals of the group/team. Some of the attributes of an effective team include; constant and optimal
1 Pages(250 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Effective Bookkeeping for FREE!