CCH Governmental GAAP Guide

Governmental GAAP Guide discusses all the promulgated accounting principles applicable to financial reporting by state and local governments. It delivers a thorough analysis of GASB Statements, GASB Interpretations, GASB Technical Bulletins, NCGA Statements, NCGA Interpretations and certain AICPA Statements of Position, as well as Auditing and Accounting Guides. Everything has been analyzed and restated in plain English and is supported by timesaving examples and illustrations. The Guide alerts readers to and discusses financial accounting and reporting standards necessary to prepare the basic external financial statements of a governmental entity. (A companion publication, Governmental GAAP Practice Manual, illustrates how governmental financial statements are prepared based on the standards established by GASB-34 and beyond.)

The Governmental GAAP Guide is organized into six main sections. The first section, Basic Governmental Accounting Concepts and Standards, describes the fundamental concepts and principles that provide the foundation for financial reporting by governmental entities. Governmental Accounts and Transactions--Government-Wide Financial Statements, Fund Financial Statements, and Fiduciary Financial Statements covers specific accounting and reporting standards. The next three sections discuss fund reporting by (1) governmental funds, (2) proprietary funds, and (3) fiduciary funds. Accounting and reporting standards for public colleges and universities as mandated by GASB-34 are described in the section, Reporting by Special Purpose Governments.

This year's edition is current through GASB-50.

This book can be used in conjunction with the Governmental GAAP Update Service

Benefits and Features

Ease of use:

-To facilitate research, major topics in the text are cross-referenced to the pertinent paragraphs of the original pronouncements.

-Illustrations, figures and paragraphs called "Observations" demonstrate and clarify specific accounting principles.

-The Guide also includes a cross-reference to the original pronouncements and a detailed topical index.

Topics and Contents

I. Basic Governmental Accounting Concepts and Standards

Foundation and Overview of Governmental Generally Accepted Accounting Principles

Budgetary Accounting and Reporting

Basis of Accounting and Measurement Focus

Governmental Reporting Entity

Terminology and Classification

II. Fund Accounting

Governmental Funds

Proprietary Funds

Fiduciary Funds

III. Specific Accounting and Reporting Issues

Deposits and Investments

Capital Assets

Other Assets

Long-Term Debt

Pension, Postemployment, and Other Employee Benefit Liabilities

Leases

Risk Management, Claims, and Judgments

Other Liabilities

Revenues: Nonexchange and Exchange Transactions

Expenses/Expenditures: Nonexchange and Exchange Transactions

Special Assessments

IV. Financial Reporting by General Purpose Governments

Comprehensive Annual Financial Report

V. Stand-Alone Financial Reporting by Special-Purpose Governments

Public Colleges and Universities

Pension and Other Postemployment Benefit Plans

Public Entity Risk Pools

Accounting Resources on the Web

Cross-Reference

Index