This chapter discusses the broad accounting and financial reporting requirements and practices for several groups of governmental organizations:

  • School districts.
  • Governmental colleges and universities.
  • Governmental hospitals and other health care providers.
  • Governmental not‐for‐profit organizations.
  • Other public benefit corporations.


In examining the accounting and financial reporting for school districts, the main area to examine is how the accounting and financial reporting for school districts would differ from that for general‐purpose governments, which has been described throughout this guide.

First, school districts are governmental entities subject to the jurisdiction of the Governmental Accounting Standards Board (GASB). Second, school districts would prepare a Comprehensive Annual Financial Report (CAFR) in conformity with GAAP, as would any general‐purpose government.

Beyond these commonalties, however, there are some practical differences ...

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