CSAM- Questions And Accurate Answers
COE Correct Answer - County Office of Education—
Unaudited actuals Correct Answer - An annual statement reporting the
financial activities of the LEA in which the data are not yet audited.
GASB Correct Answer - Governmental Accounting Standards Board
GAAP Correct Answer - generally accepted accounting principles
1000-1999 Correct Answer - Certificated Personnel Salaries
2000-2999 Correct Answer - Classified Personnel Salaries
3000-3999 Correct Answer - Employee Benefits
4000-4999 Correct Answer - Books and Supplies
5000-5999 Correct Answer - Services and Other Operating Expenditures
6000-6999 Correct Answer - Capital Outlay
, STRS Correct Answer - State Teachers' Retirement System
PERS Correct Answer - Public Employees' Retirement System
ENCUMBRANCE Correct Answer - Obligations in the form of purchase
orders, contracts, salaries, and other commitments chargeable to an
appropriation for which a part of the appropriation is reserved.
LCAP Correct Answer - Local Control and Accountability Plan
LCFF Correct Answer - Local Control Funding Formula
LEA Correct Answer - local educational agency
TWO WAYS LEA'S RECEIVE REVENUE Correct Answer -
TYPE OF ACCOUNTING FOR LEA'S Correct Answer -
WHAT IS A FUND? Correct Answer - a fiscal and accounting entity with a
self-balancing set of accounts recording cash and other financial resources,
together with all related liabilities and residual equities or balances, and
changes therein, which are segregated for the purpose of carrying on specific
activities or attaining certain objectives in accordance with special
regulations, restrictions, or limitations.
COE Correct Answer - County Office of Education—
Unaudited actuals Correct Answer - An annual statement reporting the
financial activities of the LEA in which the data are not yet audited.
GASB Correct Answer - Governmental Accounting Standards Board
GAAP Correct Answer - generally accepted accounting principles
1000-1999 Correct Answer - Certificated Personnel Salaries
2000-2999 Correct Answer - Classified Personnel Salaries
3000-3999 Correct Answer - Employee Benefits
4000-4999 Correct Answer - Books and Supplies
5000-5999 Correct Answer - Services and Other Operating Expenditures
6000-6999 Correct Answer - Capital Outlay
, STRS Correct Answer - State Teachers' Retirement System
PERS Correct Answer - Public Employees' Retirement System
ENCUMBRANCE Correct Answer - Obligations in the form of purchase
orders, contracts, salaries, and other commitments chargeable to an
appropriation for which a part of the appropriation is reserved.
LCAP Correct Answer - Local Control and Accountability Plan
LCFF Correct Answer - Local Control Funding Formula
LEA Correct Answer - local educational agency
TWO WAYS LEA'S RECEIVE REVENUE Correct Answer -
TYPE OF ACCOUNTING FOR LEA'S Correct Answer -
WHAT IS A FUND? Correct Answer - a fiscal and accounting entity with a
self-balancing set of accounts recording cash and other financial resources,
together with all related liabilities and residual equities or balances, and
changes therein, which are segregated for the purpose of carrying on specific
activities or attaining certain objectives in accordance with special
regulations, restrictions, or limitations.
