Combined statements of financial position.

California Society of Certified Public Accountant

California Certified Public Accountants Education Foundation

Years Ended April 30. 2011 and 2010

Amounts Expressed In Thousands

See accompanying notes to the combined financial statements.

2011 2010 ASSETS: Current Assets: Cash and Equivalents $ 11,399 $ 11,552 Accounts Receivable, Net 158 185 Other Receivables 192 81 Receivable-Affiliates 71 54 Prepaid Expenses and Other 795 1.214 Total Current Assets 12,615 13.086 Investments 26.785 21.647 Investments-Endowment 50 50 Property and Equipment, Net 3,019 514 Trust Assets-Deferred Compensation 716 550 TOTAL ASSETS $ 43,185 $ 35.847 LIABILITIES AND NET ASSETS: Current Liabilities: Accounts Payable...