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Registered Municipal Accountants
Study Material

Attention Applicants:

The New Jersey State Board of Accountancy has collated the material that may be helpful to you in preparing for the Registered Municipal Accountants Examination. This material should not be assumed by the candidate to be the sole source of information necessary for preparation for the RMA Examination.
Registered Municipal Accountant Study Material

The Candidate should also make himself or herself familiar with the rules, regulations, standards and statutes that are relevant to the practice of municipal accounting and auditing which are generally contained in the following:

1) The New Jersey Administration Code - Title 5 Department of Community Affairs:

Chapter #30 Local Finance Board
Chapter #33 Tax Collection and Administration
Chapter #34 Local Public and Public School Contract Law
Chapter #37 Employees Deferred Compensation Plan

2) New Jersey Statutes Annotated - Title 40A Municipalities and Counties:

Chapter #2 Local Bond Law
Chapter #4 . Local Budget Law
Chapter #5 Local Fiscal Affairs Law
Chapter #11 Local Public Contract Law

3) New Jersey Statutes Annotated - Title 40A Municipalities and Counties:

Chapter #56 Local and Other Improvements
Chapter #62 Public Utilities

4) New Jersey Statutes Annotated - Title 54 Taxation:

Chapter #4 Assessment and Collection of Taxes
Chapter #5 Creation, Enforcement and Collection of Liens for Unpaid Taxes and Other Municipal Liens on Real Property

5) Local Finance Notices of the division of Local Government Services _ 1998 through 2007

CFO
Tax Collectors
Municipal Clerks

6) Division of Local Government Services - Current Material

Budget
Annual Financial Statement (AFS)
Annual Debt Statement
Supplemental Debt Statement
Technical Accounting Directions - #1, #2, #3

7) Single Audit Act - Government Auditing Standard (Yellow Book 2007 Edition)

Federal Office of Management and Budget Circular A-l33 - Audit of State, Local Governments and Non-Profit Organizations

State of New Jersey, Department of Treasury Circular Letter 04-04 _ Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid

8) Course material from the Financial Management Courses for New Jersey Local Governments provided by the Center for Government Services, Rutgers University. Information can be obtained at: www.policy.rutgers.edulcgs

The material mentioned above can generally be accessed by contacting the web sites of the Division of Local Government Services at: www.njgov/dca/lgs/ and the United States General Accounting Office at: www.gao.gov