{"product_id":"annual-update-top-governmental-and-notforprofit-accounting-and-auditing-issues-facing-cpas-9781119742753","title":"Annual Update Top Governmental and NotForProfit","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book provides a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors. Key areas covered include: GASB 87, Leases; revenue recognition, including grants and contracts; risk assessment; and financial reporting.    Key topics include:  Current GASB developments Audit issues related to GASB developments Recent GASB pronouncements and their impact on accounting and reporting Top advice from the AICPA's Technical Hotline and the GASB Technical Inquiry System\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eChapter 1 1-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGASB Statement No. 87, \u003ci\u003eLeases \u003c\/i\u003e1-1\u003c\/p\u003e \u003cp\u003eMajor areas of inquiry 1-2\u003c\/p\u003e \u003cp\u003eBackground 1-3\u003c\/p\u003e \u003cp\u003eApplicability of GASB Statement No. 87 1-5\u003c\/p\u003e \u003cp\u003eTerms and their application 1-6\u003c\/p\u003e \u003cp\u003eOverview of requirements of GASB Statement No. 87 1-9\u003c\/p\u003e \u003cp\u003eFinancial reporting 1-26\u003c\/p\u003e \u003cp\u003eImplementation challenges 1-27\u003c\/p\u003e \u003cp\u003eSummary 1-31\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 2-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRevenue Recognition by Not-for-Profit Entities 2-1\u003c\/p\u003e \u003cp\u003eMajor areas of inquiry 2-2\u003c\/p\u003e \u003cp\u003eOverview 2-3\u003c\/p\u003e \u003cp\u003eAccounting for contributions 2-6\u003c\/p\u003e \u003cp\u003eAgency transactions 2-11\u003c\/p\u003e \u003cp\u003eExchange transaction or contribution 2-16\u003c\/p\u003e \u003cp\u003eCase study 2-22\u003c\/p\u003e \u003cp\u003eSummary 2-23\u003c\/p\u003e \u003cp\u003ePractice questions 2-24\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 3-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk Assessment and Related Documentation 3-1\u003c\/p\u003e \u003cp\u003eMajor areas of inquiry 3-2\u003c\/p\u003e \u003cp\u003eBackground 3-3\u003c\/p\u003e \u003cp\u003eRisk assessment and professional standards 3-5\u003c\/p\u003e \u003cp\u003eRisk assessment procedures 3-6\u003c\/p\u003e \u003cp\u003eUnderstanding internal control 3-9\u003c\/p\u003e \u003cp\u003eAssessing the risks of material misstatement 3-11\u003c\/p\u003e \u003cp\u003eResponses to the risk of material misstatement and linking results of risk assessment to the audit procedures 3-13\u003c\/p\u003e \u003cp\u003eSummary 3-21\u003c\/p\u003e \u003cp\u003ePractice questions 3-22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 4-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGASB Statement No. 83, \u003ci\u003eCertain Asset Retirement Obligations \u003c\/i\u003e4-1\u003c\/p\u003e \u003cp\u003eMajor areas of inquiry 4-2\u003c\/p\u003e \u003cp\u003eBackground 4-3\u003c\/p\u003e \u003cp\u003eOverview of GASB Statement No. 83 4-4\u003c\/p\u003e \u003cp\u003eRecognition and measurement of AROs 4-6\u003c\/p\u003e \u003cp\u003eDisclosures relating to AROs 4-11\u003c\/p\u003e \u003cp\u003eFinancial reporting 4-13\u003c\/p\u003e \u003cp\u003eImplementation challenges 4-14\u003c\/p\u003e \u003cp\u003eSummary 4-17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 5-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting for Special Events by Not-for-Profit Entities 5-1\u003c\/p\u003e \u003cp\u003eMajor areas of inquiry 5-2\u003c\/p\u003e \u003cp\u003eOverview 5-3\u003c\/p\u003e \u003cp\u003eRevenue recognition 5-4\u003c\/p\u003e \u003cp\u003eReporting costs relating to special events 5-6\u003c\/p\u003e \u003cp\u003eSpecial events accounting and reporting considerations 5-8\u003c\/p\u003e \u003cp\u003eReporting special events in the statement of activities 5-15\u003c\/p\u003e \u003cp\u003eSummary 5-17\u003c\/p\u003e \u003cp\u003ePractice questions 5-18\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 6-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAudit Sampling 6-1\u003c\/p\u003e \u003cp\u003eMajor areas of inquiry 6-2\u003c\/p\u003e \u003cp\u003eOverview 6-3\u003c\/p\u003e \u003cp\u003eUncertainty and audit sampling 6-5\u003c\/p\u003e \u003cp\u003eApproaches to audit sampling 6-8\u003c\/p\u003e \u003cp\u003eEvaluating the results of sampling 6-15\u003c\/p\u003e \u003cp\u003eSummary 6-18\u003c\/p\u003e \u003cp\u003ePractice questions 6-19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 7-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Financial Reporting Model for Not-for-Profit Entities 7-1\u003c\/p\u003e \u003cp\u003eMajor areas of inquiry 7-2\u003c\/p\u003e \u003cp\u003eOverview 7-3\u003c\/p\u003e \u003cp\u003eKey changes in ASU No. 2016-14 7-4\u003c\/p\u003e \u003cp\u003eInitial implementation and subsequent application considerations 7-13\u003c\/p\u003e \u003cp\u003eSummary 7-18\u003c\/p\u003e \u003cp\u003ePractice questions 7-19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 8-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eGovernment Auditing Standards \u003c\/i\u003e— Independence, Competence, and Continuing Professional Education 8-1\u003c\/p\u003e \u003cp\u003eMajor areas of inquiry 8-2\u003c\/p\u003e \u003cp\u003eOverview 8-3\u003c\/p\u003e \u003cp\u003eIndependence 8-5\u003c\/p\u003e \u003cp\u003eGAGAS conceptual framework approach to independence 8-7\u003c\/p\u003e \u003cp\u003eProvision of nonaudit services to audited entities 8-16\u003c\/p\u003e \u003cp\u003eConsideration of specific nonaudit services 8-21\u003c\/p\u003e \u003cp\u003eDocumentation 8-27\u003c\/p\u003e \u003cp\u003eCompetence and CPE 8-29\u003c\/p\u003e \u003cp\u003eSummary 8-34\u003c\/p\u003e \u003cp\u003ePractice questions 8-35\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A A-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eASU No. 2014-09: Revenue from Contracts with Customers (Topic 606) A-1\u003c\/p\u003e \u003cp\u003eASU No. 2014-09: Revenue from Contracts with Customers, as Amended A-3\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B B-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting Standards Update No. 2018-08: Not-For-Profit Entities (Topic 958): Clarifying the Scope and The Accounting Guidance for Contributions Received and Contributions Made B-1\u003c\/p\u003e \u003cp\u003eGlossary Glossary 1\u003c\/p\u003e \u003cp\u003eIndex Index 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSolutions Solutions 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Solutions 1\u003c\/p\u003e \u003cp\u003eChapter 2 Solutions 4\u003c\/p\u003e \u003cp\u003eChapter 3 Solutions 7\u003c\/p\u003e \u003cp\u003eChapter 4 Solutions 9\u003c\/p\u003e \u003cp\u003eChapter 5 Solutions 10\u003c\/p\u003e \u003cp\u003eChapter 6 Solutions 12\u003c\/p\u003e \u003cp\u003eChapter 7 Solutions 16\u003c\/p\u003e \u003cp\u003eChapter 8 Solutions 18\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49528863228247,"sku":"9781119742753","price":90.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119742753.jpg?v=1731873320","url":"https:\/\/bookcurl.com\/products\/annual-update-top-governmental-and-notforprofit-accounting-and-auditing-issues-facing-cpas-9781119742753","provider":"Book 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