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accountant 
Member since Jun 14, 2011


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Re: “State board denies virtual charter's expansion

As an accountant, I can tell you that focusing on ONE area of a financial statement is not the most intelligent thing to do. Administration costs does not include buildings, libraries- those are ASSETS. Administration costs is salaries, office supplies, technical fees, etc. The article does not give a full and complete picture. The parent was not "disgruntled" but stating that there expenses that the public in general does not realize. In my opinion when and if the Arkansas Dept. of Education begins to really research this option as they have stated they will find that there are more than plenty hidden costs. The article does not tell how much the school is spending overall compared to a physical school. The article does not tell whether the teachers are more qualified and more experienced.

If everyone is so concerned about K12's profit margin why not look up their financial statements online. They are a publically traded company so the information is there. If people are wanting to question this virtual school's spending why not look for their finanical statements. It is required by law to be assessible. I have looked at these items. I have looked at the same information for my area schools. Overall the virutal school has spent less money, but I wonder what is more important money our the education of our country's youth.

5 likes, 0 dislikes
Posted by accountant on 06/14/2011 at 9:29 AM
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