A hands-on guide to the ins and outs of governmentalaccounting—made easy!
Governmental Accounting Made Easy, Second Edition equipsyou with the tools you need to run the financial and accountingoperations within your organization. This complete andstraightforward manual covers a broad range of governmentalaccounting topics that fall under the Governmental AccountingStandards Board, and its recently revised financial reportingmodel.
Boiling down the complicated details of governmental accountinginto manageable essentials, author Warren Ruppel, a leadingauthority on governmental accounting, offers practical informationin easy-to-understand terminology. Even if you do not have aprofessional understanding of accounting principles and financialreporting, the Second Edition makes it all clear with accountingrules explained in terms anyone can understand, to help you betterfulfill your managerial and fiduciary duties.
Always practical and never over-technical, this helpfulguide:
- Discusses basic accounting terminology
- Clearly explains fund accounting
- Covers the nuts and bolts of governmental financialstatements
- Equips you to understand the reporting entity
- Discusses revenues from non-exchange transactions
- Helps you become conversant in various accounting topics
The recently adopted reporting model for governments resulted ina radical change in the way governmental financial statements arepresented. Suitable for professional managers, budget preparers,school boards, city councils, state legislators, and comptrollers,Governmental Accounting Made Easy, Second Edition is youressential guide for a clear, concise, understandable explanation ofgovernment finances.
|Product dimensions:||6.20(w) x 9.10(h) x 1.10(d)|
About the Author
Warren Ruppel, CPA, is the author of four Wiley accounting publications, including Wiley GAAP for Governments. He is a partner in the Nonprofit and Government Services Group of Marks Paneth & Shron LLP in New York. He began his career at KPMG in 1979 and joined Deloitte & Touche in 1989 to specialize in audits of not-for-profit organizations and governments. Mr. Ruppel has served as the chief financial officer of an international not-for-profit organization and as the Assistant Comptroller for Accounting of The City of New York, where he was responsible for all aspects of the City's accounting and financial reporting.
Table of Contents
Chapter 1 Introduction and Background.
What Are Generally Accepted Accounting Principles?
Who Sets Generally Accepted Accounting Principles forGovernments?
Do Governments Need to Comply with Generally Accepted AccountingPrinciples?
Why Is Governmental Accounting and Financial Reporting Differentfrom Commercial and Not-for-Profit Accounting and FinancialReporting?
To What Entities Do Governmental Generally Accepted AccountingPrinciples Apply?
Chapter 2 Basic Governmental Accounting Concepts.
Understanding the Different Bases of Accounting.
Understanding What Measurement Focuses Are Used byGovernments.
Defining and Understanding the Nature of Assets.
Defining and Understanding the Nature of Liabilities.
Defining and Understanding the Nature of Net Assets.
Chapter 3 Understanding Fund Accounting.
Chapter 4 Basics of Governmental FinancialStatements.
General-Purpose Financial Statements.
Management’s Discussion and Analysis.
The Basic Financial Statements.
Required Supplementary Information.
Comprehensive Annual Financial Report.
Chapter 5 Understanding the Reporting Entity.
Financial Reporting Entity Defined.
Display of Component Units.
Chapter 6 Revenues from Nonexchange Transactions.
Classes of Nonexchange Transactions.
Income and Sales Taxes, and Other Derived Tax Revenues.
Adjustments for the Accrual Basis of Accounting.
Grants and Other Financial Assistance.
Chapter 7 Capital Assets.
Where Are Capital Assets Recorded in the FinancialStatements?
Recording and Valuing Capital Assets.
Using the Modified Approach in Lieu of DepreciatingInfrastructure Assets.
The Basics of Capitalized Interest.
Capital Assets Resulting from Capital Lease Transactions.
Impairments of Capital Assets.
Chapter 8 Accounting for Pensions and Other PostemploymentBenefits.
Requirements for Defined Benefit Pension and OPEB Plans.
Calculation of the ARC.
Parameters for Actuarial Calculations, Including the ARC.
Net Pension or OPEB Obligation.
Recording Pension- and OPEB-Related Assets, Liabilities, andExpenditures/Expenses.
Pension and OPEB Disclosures.
Employers with Defined Contribution Plans.
Chapter 9 Sundry Accounting Topics.
Accounting for Investments.
Reporting Unrealized Gains or Losses.
Investment and Deposit Disclosures.
Compensated Absence Accruals.
Landfill Closure and Postclosure Care Costs.
Derivatives, Including Interest Rate Swaps.
Securities Lending Transactions.
Chapter 10 Upcoming Developments in GovernmentalAccounting.
Pension (and OPEB) Accounting—Revisited.