WGU D023 SCHOOL FINANCIAL
LEADERSHIP PRE-ASSESSMENT
CERTIFICATION SCRIPT 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
◍ How do matching grants work in the context of educational programs?.
Answer: They require the recipient to match the funds provided by the
grantor.
◍ What is a liability in accounting.
Answer: money owed to others (including employee salaries)
◍ What must be completed before a purchase order can be generated?.
Answer: A requisition.
◍ Expenditures.
Answer: Funds allocated for payment.
◍ What piece of legislation establishes the Title I program for school
funding?.
Answer: Elementary and Secondary Education Act (ESEA)
◍ Regressive Tax.
Answer: tax system applies a higher tax rate to lower income levels.
◍ Which type of accounting should a principal use to determine the profit for
the school store for a specific month?.
Answer: Accrual accounting.
◍ What term refers to school funds that have been reserved for future payment
in a purchase order?.
Answer: Encumbrance.
,◍ School Budget.
Answer: Projection of the application of funds to allocations for programs,
services, and supplies throughout the fiscal year.
◍ For what purpose would PTA money from fundraising be appropriately
used?.
Answer: Playground equipment.
◍ Which source of revenue in a school budget is the school principal directly
responsible for?.
Answer: Activity fees.
◍ Which type of school (Urban or Rural) deal with poverty.
Answer: Both
◍ What are encumbrances in a budget?.
Answer: Funds that have been committed but have yet to be spent.
◍ Asset.
Answer: Something of value that is held by the organization.
◍ How would the $3,000 raised from the book fair be categorized on the
balance sheet for both months?.
Answer: Assets
◍ Where will a $120 purchase order for tickets appear on a financial statement
with an activity fund balance?.
Answer: Box B (Encumbered Expenditures).
◍ Disposition.
Answer: Focuses on what school dollars buy and bring deals with issues of
student equity regarding what resources are made available to them.
◍ Community Organizations how can they help.
Answer: Provide resources to the school through formal partnerships.
◍ Power-award Grant Stage.
Answer: evaluating the initiative or program, reporting the results or the
, initiative as detailed in the grant application, and applying for renewal if
available.
◍ School-owned buildings would be categorized as.
Answer: Assets
◍ Which factor would increase expenditures for school equipment?.
Answer: Economic inflation.
◍ Which function code would be used to spend funds on hiring a new
first-grade teacher?.
Answer: 1000
◍ What is a potential consequence of increased local property tax bases due to
school voucher programs?.
Answer: It could lead to disparities in funding between districts.
◍ Pre-award Grant Stage.
Answer: searching for opportunities, paring needs with opportunities,
retrieving and reviewing application process, completing applications, and
submitting applications.
◍ What is the primary focus of the School Financial Leadership course?.
Answer: Financial policies, practices, and issues connected to PK-12 school
operations.
◍ What do candidates learn about in relation to school budgets?.
Answer: How to analyze different types of school budgets and the
principal's role in the budgetary process.
◍ What type of grant is used when an elementary school funds a character
education program with equal amounts from its budget and a state grant?.
Answer: Matching grant.
◍ What is an example of a liability in school accounting?.
Answer: Employee salaries.
◍ Cash Flow.
Answer: the total amount of money being transferred into and out of a
LEADERSHIP PRE-ASSESSMENT
CERTIFICATION SCRIPT 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
◍ How do matching grants work in the context of educational programs?.
Answer: They require the recipient to match the funds provided by the
grantor.
◍ What is a liability in accounting.
Answer: money owed to others (including employee salaries)
◍ What must be completed before a purchase order can be generated?.
Answer: A requisition.
◍ Expenditures.
Answer: Funds allocated for payment.
◍ What piece of legislation establishes the Title I program for school
funding?.
Answer: Elementary and Secondary Education Act (ESEA)
◍ Regressive Tax.
Answer: tax system applies a higher tax rate to lower income levels.
◍ Which type of accounting should a principal use to determine the profit for
the school store for a specific month?.
Answer: Accrual accounting.
◍ What term refers to school funds that have been reserved for future payment
in a purchase order?.
Answer: Encumbrance.
,◍ School Budget.
Answer: Projection of the application of funds to allocations for programs,
services, and supplies throughout the fiscal year.
◍ For what purpose would PTA money from fundraising be appropriately
used?.
Answer: Playground equipment.
◍ Which source of revenue in a school budget is the school principal directly
responsible for?.
Answer: Activity fees.
◍ Which type of school (Urban or Rural) deal with poverty.
Answer: Both
◍ What are encumbrances in a budget?.
Answer: Funds that have been committed but have yet to be spent.
◍ Asset.
Answer: Something of value that is held by the organization.
◍ How would the $3,000 raised from the book fair be categorized on the
balance sheet for both months?.
Answer: Assets
◍ Where will a $120 purchase order for tickets appear on a financial statement
with an activity fund balance?.
Answer: Box B (Encumbered Expenditures).
◍ Disposition.
Answer: Focuses on what school dollars buy and bring deals with issues of
student equity regarding what resources are made available to them.
◍ Community Organizations how can they help.
Answer: Provide resources to the school through formal partnerships.
◍ Power-award Grant Stage.
Answer: evaluating the initiative or program, reporting the results or the
, initiative as detailed in the grant application, and applying for renewal if
available.
◍ School-owned buildings would be categorized as.
Answer: Assets
◍ Which factor would increase expenditures for school equipment?.
Answer: Economic inflation.
◍ Which function code would be used to spend funds on hiring a new
first-grade teacher?.
Answer: 1000
◍ What is a potential consequence of increased local property tax bases due to
school voucher programs?.
Answer: It could lead to disparities in funding between districts.
◍ Pre-award Grant Stage.
Answer: searching for opportunities, paring needs with opportunities,
retrieving and reviewing application process, completing applications, and
submitting applications.
◍ What is the primary focus of the School Financial Leadership course?.
Answer: Financial policies, practices, and issues connected to PK-12 school
operations.
◍ What do candidates learn about in relation to school budgets?.
Answer: How to analyze different types of school budgets and the
principal's role in the budgetary process.
◍ What type of grant is used when an elementary school funds a character
education program with equal amounts from its budget and a state grant?.
Answer: Matching grant.
◍ What is an example of a liability in school accounting?.
Answer: Employee salaries.
◍ Cash Flow.
Answer: the total amount of money being transferred into and out of a
