Description
Book SynopsisA comprehensive guide to the accounting and financial reporting principles used by state and local governments As more governmental accounting standards are issued, preparers need clear guidance. The Wiley GAAP for Governments 2020: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments guides preparers through the standards and their increasing complexity. This is a comprehensive guide to the accounting and financial reporting principles for state and local governments, as well as other government organizations. It has been written to address the needs of users and serve as a helpful resource. Wiley GAAP for Governments 2020 covers the key developments in governmental GAAP that occurred in 2019. Financial professionals can turn to this reliable reference for detailed information and guidance on implementing newly issued and revised standards. Charts and diagrams encourage enhanced understanding of the information. Practitioners
Table of ContentsPreface vii
About the Author ix
1 New Developments 1
2 Foundations of Governmental Accounting 7
3 Fund Accounting Fundamentals 29
4 General Fund and Special Revenue Funds 49
5 Capital Projects Funds 61
6 Debt Service Funds 73
7 Proprietary Funds 83
8 Fiduciary Funds 97
9 Financial Statements Prepared by Governments 109
10 The Importance of Budgets to Governments 177
11 Definition of the Reporting Entity 189
12 Cash and Investments—Valuation and Disclosures 237
13 Derivative Instruments 295
14 Capital Assets 321
15 Debt and Other Obligations 355
16 Landfill Closure and Postclosure Care Costs 401
17 Postemployment Benefits—Pension and Other 411
18 Compensated Absences 455
19 Accounting for Leases 465
20 Nonexchange Transactions 487
21 Risk Financing and Insurance-Related Activities/Public Entity Risk Pools 503
22 Pension and OPEB Plan Financial Statements 529
23 Educational and Other Governmental Entities 565
Appendix: Disclosure Checklist 579
Index 623
