Book description
The most practical, authoritative guide to governmental GAAP
Wiley GAAP for Governments 2013 is a comprehensive guide to the accounting and financial reporting principles used by state and local governments as well as other governmental entities. Designed with the needs of the user in mind, this comprehensive resource presents the important developments in governmental GAAP during the past year.
Full coverage of authoritative accounting standards
Extremely useful and user-friendly examples, illustrations, and helpful practice hints
A comprehensive guide to the accounting and financial reporting principles used by state and local governments as well as other governmental entities
Provides a look ahead to the status of current and future Governmental Accounting Standards Board standards and projects
Offers information on the very latest in standard-setting activities
Also by Warren Ruppel: Governmental Accounting Made Easy
Wiley GAAP for Governments 2013 is a thorough, reliable reference financial professionals will consistently keep on their desks rather than on their bookshelves.
Table of contents
- Cover
- Contents
- Title
- Copyright
- Preface
- About the Author
- Chapter 1: New Developments
-
Chapter 2: Foundations of Governmental Accounting
- Introduction
- Chapter Overview
- Entities Covered by Governmental Accounting Principles
- Overview of The History of Governmental Accounting Standards Setting
- Objectives of Governmental Accounting and Financial Reporting
- Objectives of Financial Reporting
- Communication Methods
- Elements of Financial Statements
- Hierarchy of Governmental Accounting Standards
- Codification of Certain FASB and AICPA Accounting and Financial Reporting Guidance
- Summary
-
Chapter 3: Fund Accounting Fundamentals
- Introduction
- Definition of Fund and The Purpose of Fund Accounting
- A Synopsis of The Various Types of Funds Used by Governments for Accounting and Financial Reporting
- A Definition of Basis of Accounting and Measurement Focus
- Recognition and Measurement of Certain Fund Liabilities and Expenditures
- A Synopsis of Basis of Accounting and Measurement Focus Used by Each Type of Fund
- Summary
-
Chapter 4: General Fund and Special Revenue Funds
- Introduction
- Basis of Accounting and Measurement Focus
- Nature and Use of The General Fund
- Nature and Use of Special Revenue Funds
- Accounting for Certain Revenue and Expenditures of General and Special Revenue Funds
- Accounting for Assets, Liabilities, and Fund Balances of General and Special Revenue Funds
- Summary
- Chapter 5: Capital Projects Funds
- Chapter 6: Debt Service Funds
- Chapter 7: Proprietary Funds
- Chapter 8: Fiduciary Funds
- Chapter 9: Financial Statements Prepared by Governments
- Chapter 10: The Importance of Budgets to Governments
-
Chapter 11: Definition of the Reporting Entity
- Introduction
- Background
- Accountability Focus
- Financial Reporting Entity Defined
- GASB Statement No. 61 (GASBS 61), The Financial Reporting Entity—An Amendment of GASB Statements No. 14 and No. 34
- Determining Whether Certain Fund-Raising Organizations are Component Units—Amendment of GASB Statement 14
- GASB Technical Bulletin 2004-1, Tobacco Settlement Recognition and Financial Reporting Entity Issues (GASBTB 2004-1)
- Display of Component Units
- Summary
-
Chapter 12: Cash and Investments—Valuation and Disclosures
- Introduction
- Valuation of Investments
- GASB Statement 52, Land and Other Real Estate Held as Investments by Endowments
- Financial Reporting Requirements
- Required Disclosures
- Deposits and Investment Risk Disclosures
- Nature of Securities Lending Transactions
- Previous Accounting Treatment
- GASBS 28’s Effect on The Balance Sheet
- GASBS 28’s Effect on The Operating Statement
- Pooled Securities
- Disclosure Requirements
- Summary
- Chapter 13: Derivative Instruments
- Chapter 14: Capital Assets
-
Chapter 15: Debt and Other Obligations
- Overview of The Accounting for Debt and Other Obligations
- Demand Bonds
- Advance Refundings
- Bond, Revenue, and Tax Anticipation Notes
- Special Assessment Debt
- Pollution Remediation Obligations
- Accounting for Contingencies
- GASB Statement No. 58, Accounting and Financial Reporting for Chapter 9 Bankruptcies (GASBS 58)
- Sales and Pledges of Receivables and Future Revenues
- Statement of Governmental Accounting Standards No. 47, Accounting for Termination Benefits, (GASBS 47)
- Summary
- Chapter 16: Landfill Closure and Postclosure Care Costs
-
Chapter 17: Postemployment Benefits—Pension and Other
- Introduction
- Scope and Applicability
- Requirements for Defined Benefit Pension and OPEB Plans
- Calculation of The ARC
- Parameters for Actuarial Calculations, Including the ARC
- Net Pension Obligation
- Net OPEB Obligation
- Recording Pension-Related Assets, Liabilities, and Expenditures/Expenses
- Recognition of OPEB Expenses/Expenditures, Liabilities and Assets
- Additional Guidance on Expenditure/Expense Recognition
- GASB Technical Bulletin 2006-1, Accounting and Financial Reporting by Employers and OPEB Plans for Payments from the Federal Government Pursuant to the Retiree Drug Subsidy Provisions of Medicare Part D (GASBTB 2006-1)
- GASB Technical Bulletin 2008-1, Determining the Annual Required Contribution Adjustment for Postemployment Benefits (GASBTB 2008-1)
- Employer Pension and OPEB Disclosures
- Employers with Defined Contribution Plans
- Other Provisions
- Summary
- Chapter 18: Compensated Absences
- Chapter 19: Accounting for Leases
- Chapter 20: Nonexchange Transactions
- Chapter 21: Risk Financing and Insurance-Related Activities/Public Entity Risk Pools
-
Chapter 22: Pension and OPEB Plan Financial Statements
- Introduction
- Pension Plan Accounting and Financial Reporting
- Defined Benefit Pension Plans
- GASB Statement No. 50, Pension Disclosures—An Amendment of GASB Statements No. 25 and 27
- Defined Contribution Pension Plans
- Postemployment Benefit Plans Other Than Pensions
- GASB 67 Requirements for Pension Plan Accounting and Financial Reporting
- Summary
- Chapter 23: Educational and Other Governmental Entities
- Appendix: Disclosure Checklist
- Index
Product information
- Title: Wiley GAAP for Governments 2013: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments
- Author(s):
- Release date: February 2013
- Publisher(s): Wiley
- ISBN: 9781118416969
You might also like
book
Wiley GAAP for Governments 2020
A comprehensive guide to the accounting and financial reporting principles used by state and local governments …
book
Financial and Accounting Guide for Not-for-Profit Organizations, Eighth Edition 2014 Supplement
The cumulative supplement to the Financial and Accounting Guide for Not-for-Profit Organizations, 8th Edition This book …
book
International Auditing Standards in the United States, 2nd Edition
This book is a tool that students, faculty, and practitioners can use to better understand the …
book
New Public Governance, the Third Sector, and Co-Production
In recent years public management research in a variety of disciplines has paid increasing attention to …