This handbook is intended for school decision-makers who need to evaluate the validity of financial data before making management judgments. The book is an analysis of what is contained in various kinds of school accounts in relation to what could be or should be contained. The book is for self-directed study, estimated to require not more than six to eight hours to complete. A "scrambled" book format is used with each sheet consisting of two pages with each page having one or more directions to follow. According to the answers given to the problems, directions are given for the next page. The following topics are covered in four chapters: (1) Assets, Liabilities, and Equities; (2) The Flow of Revenue and Expense; (3) Classification of School Accounting Data; and (4) Factors in Evaluation of Classified School Accounting Data. (MLF)