{"product_id":"governmental-accounting-made-easy-isbn-9780470411506","title":"Governmental Accounting Made Easy","description":"\u003cp\u003eFor laypeople and accountants with little or no governmental accounting experience, \u003ci\u003eGovernmental Accounting Made Easy, Second Edition\u003c\/i\u003e is a complete and easy-to-use road map to a broad range of governmental accounting topics, and how these individual aspects of governmental accounting work together under the financial reporting model for governments adopted by the Governmental Accounting Standards Board.\u003c\/p\u003e \u003cp\u003eRead, interpret, and analyze governmental financial statements—\u003ci\u003eGovernmental Accounting Made Easy, Second Edition\u003c\/i\u003e explains everything you need to know. With an entirely new chapter on accounting for OPEB benefits, the \u003ci\u003eSecond Edition\u003c\/i\u003e offers just-the-basics coverage of: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eBasic accounting concepts underlying all governmental accounting and financial reporting\u003c\/li\u003e \u003cli\u003eBasic financial statements prepared by governments, including government-wide financial statements and fund financial statements\u003c\/li\u003e \u003cli\u003eNote disclosures that accompany governmental financial statements\u003c\/li\u003e \u003cli\u003eComplicated accounting issues commonly found in governmental financial statements\u003c\/li\u003e \u003cli\u003eBackground and definition for understanding the reporting entity\u003c\/li\u003e \u003cli\u003eAccounting requirements for revenues from non-exchange transactions\u003c\/li\u003e \u003cli\u003eRecording and valuing capital assets\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eNow with new coverage of accounting for pollution remediation obligations, asset impairment, and asset classification, as well as revised and expanded discussion of pension reporting and sales and pledges of receivables and future revenues, \u003ci\u003eGovernmental Accounting Made Easy, Second Edition\u003c\/i\u003e is the most helpful single-source reference you will find. \u003c\/p\u003e\u003cp\u003eWhether you are a manager, budget preparer, state legislator, comptroller, lawyer, bond counsel, underwriter of municipal bonds, rating agency employee, bond insurer, contractor, or a member of a school board or city council—\u003ci\u003eGovernmental Accounting Made Easy, Second Edition\u003c\/i\u003e offers a wealth of practical information for putting accounting principles to work for your organization. \u003c\/p\u003e\u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Introduction and Background 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Are Generally Accepted Accounting Principles? 1\u003c\/p\u003e \u003cp\u003eWho Sets Generally Accepted Accounting Principles for Governments? 5\u003c\/p\u003e \u003cp\u003eDo Governments Need to Comply with Generally Accepted Accounting Principles? 9\u003c\/p\u003e \u003cp\u003eWhy Is Governmental Accounting and Financial Reporting Different from Commercial and Not-for-Profit Accounting and Financial Reporting? 10\u003c\/p\u003e \u003cp\u003eTo What Entities Do Governmental Generally Accepted Accounting Principles Apply? 15\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Basic Governmental Accounting Concepts 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Different Bases of Accounting 20\u003c\/p\u003e \u003cp\u003eUnderstanding What Measurement Focuses Are Used by Governments 26\u003c\/p\u003e \u003cp\u003eDefining and Understanding the Nature of Assets 29\u003c\/p\u003e \u003cp\u003eDefining and Understanding the Nature of Liabilities 43\u003c\/p\u003e \u003cp\u003eDefining and Understanding the Nature of Net Assets 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Understanding Fund Accounting 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFund Fundamentals 56\u003c\/p\u003e \u003cp\u003eGovernmental Funds 58\u003c\/p\u003e \u003cp\u003eProprietary Funds 75\u003c\/p\u003e \u003cp\u003eFiduciary Funds 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Basics of Governmental Financial Statements 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGeneral-Purpose Financial Statements 90\u003c\/p\u003e \u003cp\u003eManagement’s Discussion and Analysis 90\u003c\/p\u003e \u003cp\u003eThe Basic Financial Statements 94\u003c\/p\u003e \u003cp\u003eRequired Supplementary Information 137\u003c\/p\u003e \u003cp\u003eComprehensive Annual Financial Report 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Understanding the Reporting Entity 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBackground 148\u003c\/p\u003e \u003cp\u003eAccountability Focus 149\u003c\/p\u003e \u003cp\u003eFinancial Reporting Entity Defined 150\u003c\/p\u003e \u003cp\u003eDisplay of Component Units 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Revenues from Nonexchange Transactions 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eClasses of Nonexchange Transactions 170\u003c\/p\u003e \u003cp\u003eAccounting Requirements 172\u003c\/p\u003e \u003cp\u003eProperty Taxes 175\u003c\/p\u003e \u003cp\u003eIncome and Sales Taxes, and Other Derived Tax Revenues 177\u003c\/p\u003e \u003cp\u003eAdjustments for the Accrual Basis of Accounting 180\u003c\/p\u003e \u003cp\u003eGrants and Other Financial Assistance 182\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Capital Assets 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere Are Capital Assets Recorded in the Financial Statements? 188\u003c\/p\u003e \u003cp\u003eRecording and Valuing Capital Assets 189\u003c\/p\u003e \u003cp\u003eUnderstanding Depreciation 193\u003c\/p\u003e \u003cp\u003eUsing the Modified Approach in Lieu of Depreciating Infrastructure Assets 197\u003c\/p\u003e \u003cp\u003eThe Basics of Capitalized Interest 200\u003c\/p\u003e \u003cp\u003eCapital Assets Resulting from Capital Lease Transactions 206\u003c\/p\u003e \u003cp\u003eIntangible Assets 215\u003c\/p\u003e \u003cp\u003eImpairments of Capital Assets 217\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Accounting for Pensions and Other Postemployment Benefits 225\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRequirements for Defined Benefit Pension and OPEB Plans 229\u003c\/p\u003e \u003cp\u003eCalculation of the ARC 232\u003c\/p\u003e \u003cp\u003eParameters for Actuarial Calculations, Including the ARC 233\u003c\/p\u003e \u003cp\u003eNet Pension or OPEB Obligation 242\u003c\/p\u003e \u003cp\u003eRecording Pension- and OPEB-Related Assets, Liabilities, and Expenditures\/Expenses 243\u003c\/p\u003e \u003cp\u003ePension and OPEB Disclosures 245\u003c\/p\u003e \u003cp\u003eEmployers with Defined Contribution Plans 246\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Sundry Accounting Topics 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting for Investments 249\u003c\/p\u003e \u003cp\u003eReporting Unrealized Gains or Losses 252\u003c\/p\u003e \u003cp\u003eInvestment and Deposit Disclosures 253\u003c\/p\u003e \u003cp\u003eCompensated Absence Accruals 255\u003c\/p\u003e \u003cp\u003eLandfill Closure and Postclosure Care Costs 262\u003c\/p\u003e \u003cp\u003eDerivatives, Including Interest Rate Swaps 269\u003c\/p\u003e \u003cp\u003eSecurities Lending Transactions 281\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Upcoming Developments in Governmental Accounting 287\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePension (and OPEB) Accounting—Revisited 288\u003c\/p\u003e \u003cp\u003eIndex 293\u003c\/p\u003e \u003cp\u003e\u003cb\u003eWARREN RUPPEL, CPA,\u003c\/b\u003e is the author of four Wiley accounting publications, including \u003ci\u003eWiley GAAP for Governments\u003c\/i\u003e. He is a partner in the Nonprofit and Government Services Group of Marks Paneth \u0026amp; Shron LLP in New York. He began his career at KPMG in 1979 and joined Deloitte \u0026amp; Touche in 1989 to specialize in audits of not-for-profit organizations and governments. Mr. Ruppel has served as the chief financial officer of an international not-for-profit organization and as the Assistant Comptroller for Accounting of The City of New York, where he was responsible for all aspects of the City’s accounting and financial reporting.\u003c\/p\u003e  \u003cp\u003eFor laypeople and accountants with little or no governmental accounting experience, \u003ci\u003eGovernmental Accounting Made Easy, Second Edition\u003c\/i\u003e is a complete and easy-to-use road map to a broad range of governmental accounting topics, and how these individual aspects of governmental accounting work together under the financial reporting model for governments adopted by the Governmental Accounting Standards Board.\u003c\/p\u003e \u003cp\u003eRead, interpret, and analyze governmental financial statements—\u003ci\u003eGovernmental Accounting Made Easy, Second Edition\u003c\/i\u003e explains everything you need to know. With an entirely new chapter on accounting for OPEB benefits, the \u003ci\u003eSecond Edition\u003c\/i\u003e offers just-the-basics coverage of: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eBasic accounting concepts underlying all governmental accounting and financial reporting\u003c\/li\u003e \u003cli\u003eBasic financial statements prepared by governments, including government-wide financial statements and fund financial statements\u003c\/li\u003e \u003cli\u003eNote disclosures that accompany governmental financial statements\u003c\/li\u003e \u003cli\u003eComplicated accounting issues commonly found in governmental financial statements\u003c\/li\u003e \u003cli\u003eBackground and definition for understanding the reporting entity\u003c\/li\u003e \u003cli\u003eAccounting requirements for revenues from non-exchange transactions\u003c\/li\u003e \u003cli\u003eRecording and valuing capital assets\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eNow with new coverage of accounting for pollution remediation obligations, asset impairment, and asset classification, as well as revised and expanded discussion of pension reporting and sales and pledges of receivables and future revenues, \u003ci\u003eGovernmental Accounting Made Easy, Second Edition\u003c\/i\u003e is the most helpful single-source reference you will find. \u003c\/p\u003e\u003cp\u003eWhether you are a manager, budget preparer, state legislator, comptroller, lawyer, bond counsel, underwriter of municipal bonds, rating agency employee, bond insurer, contractor, or a member of a school board or city council—\u003ci\u003eGovernmental Accounting Made Easy, Second Edition\u003c\/i\u003e offers a wealth of practical information for putting accounting principles to work for your organization.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989305835749,"sku":"NP9780470411506","price":42.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470411506.jpg?v=1761783599","url":"https:\/\/k12savings.com\/es\/products\/governmental-accounting-made-easy-isbn-9780470411506","provider":"K12savings","version":"1.0","type":"link"}