Wiley GAAP for Governments 2013: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments

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

Recognition Benchmarks

Measurement of Liabilities

Accounting for Recoveries

Capitalization of Pollution Remediation Outlays

Display in Governmental Fund Financial Statements

Disclosures

Accounting for Contingencies

Probability Classifications for Loss Contingencies

Accrual of Loss Contingencies

Disclosure of Loss Contingencies

General or Unspecified Operations Risks

Gain Contingencies

GASB Statement No. 58, Accounting and Financial Reporting for Chapter 9 Bankruptcies (GASBS 58)

Accounting Recognition

Accounts Payable, Notes and Debt Obligations

Capital Leases

Pensions and Other Postemployment Benefits

Other Liabilities

Other Matters

Disclosure Requirements

Sales and Pledges of Receivables and Future Revenues

Assessing a government’s continuing involvement

Accounting for transactions that do not qualify as sales

Accounting for transactions that do qualify as sales

Intra-Entity Transfers of Assets and Future Revenues

Amortization of Deferred Revenues and Charges

Residual Interest

Recourse and other obligations

Pledges of future revenues when resources are not received by the pledging government

Disclosures related to future revenues that are pledged or sold

Statement of Governmental Accounting Standards No. 47, Accounting for Termination Benefits (GASBS 47) ...