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Wiley GAAP for Governments 2018. Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments. 2nd Edition

  • Book
  • 688 Pages
  • September 2018
  • John Wiley and Sons Ltd
  • ID: 4420499

Discover the best practical application guide for those looking to satisfy governmental GAAP compliance rules

Wiley GAAP for Governments 2018 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. It is a thorough, reliable reference that financial professionals will consistently keep on their desks rather to refer to in their daily work.

More and more governmental accounting standards, in growing complexity, continue to be issued. This reliable book, which guides preparers through the complexity of preparation and implementation of the relevant changes, is an industry favorite for its accessibility, completeness, and relevance, helping readers every year achieve and maintain compliance with minimal burden.

  • Up–to–date, insightful, and practical implementation information about new accounting pronouncements
  • Coverage of public educational institutions, public authorities and individual pension plans financial statements, which is not provided by competing books
  • Contains a disclosure checklist for financial statements of governmental entities that will enable preparers to ensure all disclosures required by GAAP for governments have been made
  • Utilizes flowcharts, diagrams, and charts to help facilitate the user′s understanding of the material
  • Written as a practical application guide instead of an academic reference

Don t wait until it s time to start calculating and filing, get a jump–start on the new year with all of the latest developments in governmental GAAP with the new edition of the number one guide, Wiley GAAP for Governments 2018: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments, 2nd Edition.

Table of Contents

Preface vii

About the Author ix

1 New Developments 1

2 Foundations of Governmental Accounting 9

3 Fund Accounting Fundamentals 29

4 General Fund and Special Revenue Funds 49

5 Capital Projects Funds 61

6 Debt Service Funds 73

7 Proprietary Funds 81

8 Fiduciary Funds 93

9 Financial Statements Prepared by Governments 103

10 The Importance of Budgets to Governments 169

11 De nition of the Reporting Entity 181

12 Cash and Investments Valuation and Disclosures 225

13 Derivative Instruments 283

14 Capital Assets 309

15 Debt and Other Obligations 341

16 Land ll Closure and Postclosure Care Costs 379

17 Postemployment Bene ts Pension and Other 389

18 Compensated Absences 443

19 Accounting for Leases 453

20 Nonexchange Transactions 473

21 Risk Financing and Insurance–Related Activities/Public Entity Risk Pools 487

22 Pension and OPEB Plan Financial Statements 513

23 Educational and Other Governmental Entities 589 

Appendix: Disclosure Checklist 603

Index 645 


Warren Ruppel