Governmental and Non-Profit Accounting

by Freeman, Robert J.; Shoulders, Craig D.

• ISBN13: 9780130661913
• ISBN10: 0130661910
• Edition: 7th
• Format: Paperback
• Copyright: 2003-01-01
• Publisher: PRENTICE HALL

Summary

This book provides a thorough basis for understanding the entire governmental accounting and reporting framework for all funds and account groups. All content is up-to-date, with the latest GASB standards, the latest FASB and AICPA guidance on accounting and reporting for not-for-profit organizations, and the latest changes in federal government accounting and reporting. This incredibly comprehensive yet readable book starts with an overview of governmental and nonprofit accounting basics, and is then divided into 3 sections: state and local government accounting and reporting; federal and not-for-profit organization accounting and reporting; and public sector auditing. The recent principle standard, GASB Statement 34, is discussed and applied throughout. For governmental accountants, nonprofit group accountants, and accountants in not-for-profit organizations.

Table of Contents

Preface	xxi
Governmental and Nonprofit Accounting: Environment and Characteristics	1	(20)
PART 1: STATE AND LOCAL GOVERNMENT ACCOUNTING AND REPORTING	21	(566)
State and Local Government Accounting: Concepts, Objectives, and Principles	22	(47)
Budgeting, Budgetary Accounting, and Budgetary Reporting	69	(39)
The General Fund and Special Revenue Funds	108	(64)
Revenue Accounting-Governmental Funds	172	(42)
Expenditure Accounting-Governmental Funds	214	(46)
Capital Projects Funds	260	(41)
Debt Service Funds	301	(38)
General Capitol Assets; General Long-Term Liabilities; Permanent Funds: Introduction to Interfund GCA-GLTL Accounting	339	(45)
Enterprise Funds	384	(45)
Internal Service Funds	429	(31)
Trust and Agency (Fiduciary) Funds: Summary of Interfund-GCA-GLTL Accounting	460	(33)
Financial Reporting: The Basic Financial Statements	493	(36)
Financial Reporting: Deriving Government-Wide Financial Statements and Required Reconciliations	529	(31)
Financial Reporting: The Comprehensive Annual Financial Report and the Financial Reporting Entity	560	(27)
PART 2: FEDERAL AND NOT-FOR-PROFIT ORGANIZATION ACCOUNTING AND REPORTING	587	(136)
Non-SLG Not-For-Profit Organizations: SFASs 116 and 117 Approach	588	(36)
Accounting for Colleges and Universities	624	(33)
Accounting for Health Core Organizations	657	(30)
Federal Government Accounting	687	(36)
PART 3: AUDITING	723
Auditing Governments and Not-for-Profit Organizations	724