An officer or employee assigned the duties of a chief school finance officer of the local board of education after June 30, 2003 shall have at least three years of experience in a business-related field, meet the requirements for a certified chief school finance officer specified in Rule 290-2-5-.04, and meet one or more of the following professional requirements:

1. (a) Hold a baccalaureate degree from an accredited four-year college or university with a concentration in a business-related curriculum (accounting, finance, business administration, etc.) including at least 9 semester hours in accounting.
2. (b) Hold a MBA or other graduate degree in a business-related field from a regionally accredited institution.
3. (c) Is a Certified Public Accountant.

4. (d) Hold a baccalaureate degree in a concentration other than a business-related curriculum but has at least 24 semester hours of business-related courses, with at least 18 hours in the following courses (or course equivalent):

   1. 1. Principles of Accounting I (3 semester hours).
   2. 2. Principles of Accounting II (3 semester hours).
   3. 3. Intermediate Accounting (3 semester hours).
   4. 4. Cost Accounting (3 semester hours).
   5. 5. Governmental Accounting (3 semester hours).
   6. 6. Financial Management (3 semester hours).
   7. 7. General Management (3 semester hours).
   8. 8. Business (or Organizational) Communications (3 semester hours).

Author: Dr. Ed Richardson

Statutory Authority: Code of Ala. 1975, §16-3-13.

History: New Rule: Filed May 8, 2003; effective June 12, 2003.