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Wiley GAAP for Governments 2016: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments

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Wiley GAAP for Governments 2016: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments

Wiley Regulatory Reporting 1. Aufl.

von: Warren Ruppel
55,99 €
Verlag:	Wiley
Format:	EPUB
Veröffentl.:	09.02.2016
ISBN/EAN:	9781119107583
Sprache:	englisch
Anzahl Seiten:	656

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Beschreibungen

Titelbeschreibung

The essential reference for governmental GAAP application Wiley GAAP for Governments 2016 provides the latest information on GAAP, with coverage designed specifically for government entities. With a focus on the practical rather than the academic, this book provides insightful, up to date implementation information and explanations of the important developments in governmental GAAP that have occurred in the past year. Exclusive coverage includes school districts, public authorities, and individual pension plans financial statements, with a disclosure checklist that helps preparers ensure compliance. Visual aids help facilitate the reader's understanding of the material, providing a comprehensive guide to financial reporting for governments at the state and local level. This reliable guide is an industry favourite for its accessibility, completeness, and relevance, helping readers achieve and maintain compliance with minimal burden. Governmental accounting standards are continuously being released, growing in complexity with each iteration. Wiley GAAP for Governments is updated annually to provide the most up-to-date information available, with thorough explanations and expert implementation advice. <ul> <li>Get up to speed on the newest accounting pronouncements</li> <li>Understand how GAAP applies to government bodies and pension plans</li> <li>Refer to disclosure checklists designed specifically for government entities</li> <li>Study flowcharts, diagrams, and charts to gain a deeper understanding</li> </ul> This user-friendly guide is organized for easy navigation, and designed to help preparers quickly find, understand, and apply the information they need. Expert guidance through the increasing complexity of preparation and implementation of relevant changes is what makes Wiley GAAP for Governments 2016 the reference financial professionals keep on their desks rather than on their bookshelves.

Inhaltsverzeichnis

Preface vii About the Author ix 1 New Developments 1 2 Foundations of Governmental Accounting 11 3 Fund Accounting Fundamentals 33 4 General Fund and Special Revenue Funds 53 5 Capital Projects Funds 65 6 Debt Service Funds 77 7 Proprietary Funds 85 8 Fiduciary Funds 97 9 Financial Statements Prepared by Governments 103 10 The Importance of Budgets to Governments 169 11 Definition of the Reporting Entity 181 12 Cash and Investments—Valuation and Disclosures 225 13 Derivative Instruments 269 14 Capital Assets 295 15 Debt and Other Obligations 321 16 Landfill Closure and Postclosure Care Costs 359 17 Postemployment Benefits—Pension and Other 369 18 Compensated Absences 421 19 Accounting for Leases 431 20 Nonexchange Transactions 451 21 Risk Financing and Insurance-Related Activities/Public Entity Risk Pools 465 22 Pension and OPEB Plan Financial Statements 491 23 Educational and Other Governmental Entities 567 Appendix: Disclosure Checklist 581 Index 623

Autorenportrait

Warren Ruppel, CPA (Woodcliff Lake, NJ), is the author of four Wiley accounting publications, including Wiley GAAP for Governments, and two CCH Miller accounting and auditing books. He began his career at KPMG Peat Marwick in 1979 and joined Deloitte & Touche in 1989 to specialize in not-for-profit organizations and audits of governments. Mr. Ruppel has since served as the chief financial officer of an international not-for-profit organization and as the assistant comptroller responsible for the accounting and financial reporting for one of the largest cities in the U.S.

Back cover copy

The most practical and authoritative guide to governmental GAAP Wiley GAAP for Governments 2016 is a comprehensive guide to the accounting and financial reporting principles used by state and local governments, as well as other governmental entities. Financial statement preparers, attestors, and readers will find its full coverage of authoritative accounting standards coupled with many examples, illustrations, and helpful practice hints, extremely useful and user-friendly. The book also contains a "New Developments" chapter, designed to keep you informed of all the important developments in governmental GAAP during the past year. It covers the status of current and future Governmental Accounting Standards Board standards and projects, and provides information on the very latest standard-setting activities, including: <ul> <li>Statement Nos. 67, 68, 71, and 73 Pension Accounting and Reporting</li> <li>Statement No. 69 Government Combinations and Disposals of Government Operations</li> <li>Statement No. 70 Accounting and Financial Reporting for Nonexchange Financial Guarantees</li> <li>Statement No. 72 Fair Value Measurement and Disclosure</li> <li>Statement Nos. 73 and 74 OPEB Accounting and Financial Reporting</li> <li>Statement No. 76 GAAP Hierarchy</li> <li>Statement No. 77 Tax Abatement Disclosures</li> <li>Exposure Drafts on the revised implementation guide, irrevocable split-interest agreements, blending for certain component units, accounting and reporting for certain external investment pools</li> <li>Preliminary Views on recognition and measurement approaches and leases</li> <li>Latest on GASB Technical Plan</li> </ul> Wiley GAAP for Governments 2016 strives to be a thorough, reliable reference that you'll use constantly, and keep to hand on your desk, rather than on your bookshelf.