instructions; Chapter 5 is a glossary of terms used in financial
accounting for school activities.
 This guide includes many of the recommendations found in
Bulletin No. 17, A Manual of Accounting Principles and Pro-
cedures for Student Activity Funds, published by the Associa-
tion of School Business Officials of the United States and Canada,
and in Bulletin 1959, No. 21, Financial Accounting for School
Activities, published by the Office of Education, U. S. Department
of Health, Education, and Welfare.
 The universal use of standard accounts and terminology as
outlined in this guide will (1) help to insure the proper initial
recording of financial transactions; (2) improve accounting for
school activity money; (3) improve school budget-making; (4)
provide information for policy determination; (5) facilitate com-
parisons of financial information among communities and states;
(6) facilitate the reliable reporting to the county board of public
instruction and the public concerning the financial conditions of
school activities; (7) improve the accuracy of local, state, and
national summaries; and (8) serve as a protection for those
individuals responsible for the money.