Internet Case—Charter Schools. You are an accountant in a state that allows charter schools, or public school academies, to educate kindergarten through 12th grade students and receive public funds to do so. A group of parents and teachers is forming such a school and has asked for your help in establishing an accounting system. Use the Internet to identify resources that may help you in this task. For example, use your favorite search engine to look for information on “charter schools” and accounting systems,” and answer these questions:
a. Would you expect an accounting system for this type of school to be any different than that used by traditional public schools?
b. Should you incorporate budgetary accounting?