Consolidating statements of financial position - 2002 Annual Report - California Society of Certified Public Accountants, California Certified Public Accountants Education Foundation - Brief Article - Statistical Data Included

California CPA, Sept, 2002

CONSOLIDATING STATEMENTS OF FINANCIAL POSITION

The California Society of Certified Public Accountants

California Certified Public Accountants Education Foundation

April 30, 2002 and 2001

                                         CalCPA              Foundation

                                      2002          2001         2002

ASSETS

Current Assets:

 Cash and Equivalents         $  6,587,000  $  5,753,000  $   224,000
 Trade Receivables, Net            185,000       224,000      193,000
 Other Accounts Receivable         367,000       290,000       43,000
 Other Current Assets              468,000       212,000      516,000

  Total Current Assets           7,607,000     6,479,000      976,000

Investments                      2,814,000     2,870,000    5,434,000

Property and Equipment, Net        925,000     1,080,000      729,000

Intangible Assets                                             106,000

Deferred Compensation Assets       295,000       315,000

TOTAL ASSETS                  $ 11,641,000  $ 10,744,000  $ 7,245,000

LIABILITIES AND NET ASSETS

Current Liabilities:

 Accounts Payable             $    555,000  $    550,000  $   229,000
 Accrued Expenses                  354,000       268,000      426,000
 Deferred Revenue                4,441,000     3,825,000    1,455,000
 Deferred Lease Costs               42,000        42,000

  Total Current Liabilities      5,392,000     4,685,000    2,110,000

Deferred Lease Costs,
 Noncurrent                        419,000       373,000       88,000

Accrued Pension Liability        1,284,000     1,617,000      368,000

Deferred Compensation
 Liability                         295,000       315,000

TOTAL LIABILITIES                7,390,000     6,990,000    2,566,000

NET ASSETS                       4,251,000     3,754,000    4,679,000

TOTAL LIABILITIES AND
NET ASSETS                    $ 11,641,000  $ 10,744,000  $ 7,245,000

                               Foundation            Consolidated

                                     2001          2002          2001

ASSETS

Current Assets:

 Cash and Equivalents         $ 1,378,000  $  6,811,000  $  7,131,000
 Trade Receivables, Net            36,000       378,000       260,000
 Other Accounts Receivable         49,000       410,000       339,000
 Other Current Assets             430,000       984,000       642,000

  Total Current Assets          1,893,000     8,583,000     8,372,000

Investments                     4,823,000     8,248,000     7,693,000

Property and Equipment, Net       833,000     1,654,000     1,913,000

Intangible Assets                               106,000

Deferred Compensation Assets                    295,000       315,000

TOTAL ASSETS                  $ 7,549,000  $ 18,886,000  $ 18,293,000

LIABILITIES AND NET ASSETS

Current Liabilities:

 Accounts Payable             $   359,000  $    784,000  $    909,000
 Accrued Expenses                 376,000       780,000       644,000
 Deferred Revenue               1,451,000     5,896,000     5,276,000
 Deferred Lease Costs                            42,000        42,000

  Total Current Liabilities     2,186,000     7,502,000     6,871,000

Deferred Lease Costs,
 Noncurrent                        38,000       507,000       411,000

Accrued Pension Liability         546,000     1,652,000     2,163,000

Deferred Compensation
 Liability                                      295,000       315,000

TOTAL LIABILITIES               2,770,000     9,956,000     9,760,000

NET ASSETS                      4,779,000     8,930,000     8,533,000

TOTAL LIABILITIES AND
NET ASSETS                    $ 7,549,000  $ 18,886,000  $ 18,293,000