The most practical, authoritative guide to governmental GAAP Wiley GAAP for Governments 2004 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. Designed with the needs of the user in mind, a "New Developments" chapter keeps you informed of all of the important developments in governmental GAAP during the past year. A look ahead to the status of current and future Governmental Accounting Standards Board standards and projects provides information on the very latest in standard-setting activities and covers: GASB Statement No. 40 Deposit and Investment Risk Disclosures GASB Statement No. 41 Budgetary Comparison Schedules--Perspective Differences GASB Technical Bulletin No. 2003-1 Disclosure Requirements for Derivatives Not Reported at Fair Value on the Statement of Activities GASB Exposure Draft Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans GASB Exposure Draft Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions GASB Statement No. 42 Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries GASB Exposure Draft Economic Condition Reporting: The Statistical Section The latest GASB projects on pollution remediation liabilities, tobacco settlement accounting, and derivatives and hedging accounting Here are some other highlights of Wiley GAAP for Governments 2004: A streamlined format helps readers find what they need to know quickly A comprehensive financial statement disclosure checklist assists preparers and attestors in confirming that their disclosures are complete New accounting standards, including GASB 34, are fully integrated into the text, and examples are provided in the related chapters Wiley GAAP for Governments 2004 strives to be a thorough, reliable reference that you’ll use constantly. It’s designed to be kept on your desk rather than on your bookshelf.
Author(s): Warren Ruppel
Edition: Revised
Publisher: Wiley
Year: 2004
Language: English
Pages: 478
WILEY GAAP for Governments 2004......Page 3
CONTENTS......Page 7
PREFACE......Page 8
ABOUT THE AUTHOR......Page 10
1 New Developments......Page 11
2 Overview of Accounting and Financial Reporting by Governments......Page 41
3 Accounting Fundamentals—Fund Accounting Fundamentals and Basis of Accounting/Measurement Focus......Page 59
4 The Importance of Budgets to Governments......Page 80
5 Financial Statements Prepared by Governments......Page 92
6 Definition of the Reporting Entity......Page 139
7 General Fund and Special Revenue Funds......Page 173
8 Capital Projects Funds......Page 184
9 Debt Service Funds......Page 196
10 Proprietary Funds......Page 204
11 Fiduciary Funds......Page 222
12 Capital Assets......Page 228
13 Long-Term Obligations......Page 245
14 Nonexchange Transactions......Page 262
15 Cash and Investments—Valuation and Disclosures......Page 278
16 Accounting for Securities Lending Transactions......Page 298
17 Compensated Absence Accruals and Disclosures......Page 306
18 Employer’s Accounting for Pensions......Page 316
19 Accounting for Postemployment Benefits other than Pensions......Page 342
20 Interfund and Intra-Entity Transactions......Page 347
21 Risk Financing and Insurance-Related Activities/Public Entity Risk Pools......Page 352
22 Accounting for Leases......Page 380
23 Landfill Closure and Postclosure Care Costs......Page 397
24 Public Employee Retirement System Financial Statements......Page 406
25 Educational Institutions......Page 433
26 Other Governmental Entities......Page 442
Appendix: Disclosure Checklist......Page 450
Index......Page 469
