Wiley GAAP for Governments 2020

A comprehensive guide to the accounting and financial reporting principles used by state and local governments

As more governmental accounting standards are issued, preparers need clear guidance. The Wiley GAAP for Governments 2020: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments guides preparers through the standards and their increasing complexity. This is a comprehensive guide to the accounting and financial reporting principles for state and local governments, as well as other government organizations. It has been written to address the needs of users and serve as a helpful resource.

Wiley GAAP for Governments 2020 covers the key developments in governmental GAAP that occurred in 2019. Financial professionals can turn to this reliable reference for detailed information and guidance on implementing newly issued and revised standards. Charts and diagrams encourage enhanced understanding of the information.

Practitioners will find that the book offers:

• Coverage of financial statements for school districts, public authorities, and pension plans
• Timely information about implementing accounting updates
• Content that stands as an application guide for practitioners
• Checklist for preparers to help ensure that all required disclosures are completed

This thorough guide can help financial professionals successfully navigate the complexities of the latest governmental accounting standards. It is a practical resource for those who prepare the critical financial statements of government entities.

WARREN RUPPEL, CPA, is the author of several accounting and auditing publications, including multiple editions of Wiley GAAP for Governments. Mr. Ruppel is a partner at Marks Paneth LLP, where he is the government services practice leader. Mr. Ruppel has also served as the Chief Financial Officer of an international not-for-profit organization, the Assistant Comptroller for Accounting of The City of New York, and the Secretary of the New York City Audit Committee.

Autorentext

WARREN RUPPEL, CPA, is the author of several accounting and auditing publications, including multiple editions of Wiley GAAP for Governments. Mr. Ruppel is a partner at Marks Paneth LLP, where he is the government services practice leader. Mr. Ruppel has also served as the Chief Financial Officer of an international not-for-profit organization, the Assistant Comptroller for Accounting of The City of New York, and the Secretary of the New York City Audit Committee.

Klappentext

The definitive guide to governmental GAAP compliance, fully updated for 2020

Fully updated for 2020, Wiley GAAP for Governments provides clear and accurate guidance on the accounting and financial reporting principles used by state and local governments and governmental entities. Covering the latest pronouncements issued by the Governmental Accounting Standards Board (GASB) and proposed new statements or interpretations currently outstanding, this authoritative resource is designed for real-world applicationcontaining a disclosure checklist for financial statements, flowcharts, diagrams, and charts to ensure readers understand the technical requirements of properly applying accounting standards.

The book presents an overview of governmental accounting principles, describes the types of funds used by governmental entities, and explains financial reporting for various assets, liabilities, expenditures, and revenues. In-depth chapters examine the accounting and reporting requirements for a range of specific entities, such as school districts, public employee pension funds, governmental colleges and universities, and public hospitals and healthcare providers. Topics include revenue funds, capital project funds, fiduciary funds, cash and investments valuation and disclosures, risk financing and insurance, and many others.

Governmental accounting is a specialized, rapidly changing environment. Wiley GAAP for Governments 2020 is an indispensable volume for professionals in need of current information and expert guidance on preparing and auditing financial statements and maintaining compliance.

Inhalt

Preface vii

About the Author ix

1 New Developments 1

2 Foundations of Governmental Accounting 7

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 83

8 Fiduciary Funds 97

9 Financial Statements Prepared by Governments 109

10 The Importance of Budgets to Governments 177

11 Definition of the Reporting Entity 189

12 Cash and InvestmentsValuation and Disclosures 237

13 Derivative Instruments 295

14 Capital Assets 321

15 Debt and Other Obligations 355

16 Landfill Closure and Postclosure Care Costs 401

17 Postemployment BenefitsPension and Other 411

18 Compensated Absences 455

19 Accounting for Leases 465

20 Nonexchange Transactions 487

21 Risk Financing and Insurance-Related Activities/Public Entity Risk Pools 503

22 Pension and OPEB Plan Financial Statements 529

23 Educational and Other Governmental Entities 565

Appendix: Disclosure Checklist 579

Index 623

Titel

Wiley GAAP for Governments 2020

Untertitel

Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments

Autor

• Warren Ruppel

EAN

9781119596103

Format

E-Book (epub)

Hersteller

Wiley

Genre

Betriebswirtschaft

Veröffentlichung

20.07.2020

Digitaler Kopierschutz

Adobe-DRM

Dateigrösse

1.14 MB

Anzahl Seiten

688