Non-clients: $580 per attendee
Program Ends: 12:00 PM
Closing the books—also known as preparing the Unaudited Actuals—is a critical process for local educational agencies (LEAs) that differs in key ways from budget development. While the budget serves as a financial roadmap, year-end close requires LEAs to accurately recognize revenues and expenditures in accordance with generally accepted accounting principles (GAAP).
This course provides practical guidance on navigating the year-end close process, including preparing journal entries and completing required reporting documents. Participants will gain a clearer understanding of how to ensure accuracy, compliance, and readiness for financial reporting.
Who Should Attend
- LEA fiscal staff
- Business and finance officers
- Accounting staff responsible for year-end reporting
- County office staff supporting LEA financial reporting
Register your entire team to support accurate and efficient year-end close processes.
What You’ll Learn
- Key differences between budget preparation and year-end close processes
- Requirements for recognizing revenues and expenditures under GAAP
- Best practices for preparing year-end journal entries
- How to complete required forms, including Form CEA (Current Expense of Education) and Form CAT (Schedule for Categoricals)
- Tips to ensure accuracy and compliance during the Unaudited Actuals process
- Most current information available as it relates to state policies, legislation, etc.
Non-clients: $580 per attendee
Program Ends: 12:00 PM