{"product_id":"core-concepts-of-government-and-not-for-profit-accounting-isbn-9780471737926","title":"Core Concepts of Government and Not-For-Profit Accounting","description":"Building on the success of \u003ci\u003eGovernment and Not-For-Profit Accounting, 2\/e\u003c\/i\u003e, Michael Granof and Penelope Wardlow’s new text, CORE CONCEPTS OF GOVERNMENT AND NOT-FOR-PROFIT ACCOUNTING presents a concise, accessible, user-oriented look at the unique features of governmental and not-for-profit accounting. The text helps students understand the “why” of accounting requirements and how financial statements may be interpreted and used by a variety of interested parties, such as future managers, bond analysts, and members of legislatures and governing boards.  \u003cb\u003eChapter 1 The Government and Not-for-Profit Environment.\u003c\/b\u003e  \u003cp\u003eHow Do Governments and Not-for-Profits Compare with Other Businesses?\u003c\/p\u003e \u003cp\u003eWhat Other Characterisitics of Governments and Not-for-Profits Have Accounting Implications?\u003c\/p\u003e \u003cp\u003eWhat Are the Overall Purposes of Financial Reporting?\u003c\/p\u003e \u003cp\u003eWho Are the Users and What Are the Uses of Financial Reports?\u003c\/p\u003e \u003cp\u003eWhat Are the Specific Objectives of Financial Reporting As Set Forth by the GASB and the FASB?\u003c\/p\u003e \u003cp\u003eDo Differences in Accounting Principles Really Matter?\u003c\/p\u003e \u003cp\u003eWho Establishes Generally Accepted Accounting Principles? \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Fund Accounting.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is a Fund?\u003c\/p\u003e \u003cp\u003eWhat Characterizes Funds?\u003c\/p\u003e \u003cp\u003eWhat Are the Main Types of Governments' Funds?\u003c\/p\u003e \u003cp\u003eWhat's Notable about Each Type of Governmental Fund?\u003c\/p\u003e \u003cp\u003eWhat's Notable about Each Type of Proprietary Fund?\u003c\/p\u003e \u003cp\u003eWhat's Notable about Each Type of Fiduciary Fund?\u003c\/p\u003e \u003cp\u003eHow Do the Funds of Not-for-Profits Differ from Those of Governments? \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Government Financial Reporting.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Can Funds Be Combined and Consolidated?\u003c\/p\u003e \u003cp\u003eWhat is a GASB Statement No. 34?\u003c\/p\u003e \u003cp\u003eWhat Are the Required Basic Financial Statements?\u003c\/p\u003e \u003cp\u003eWhat Are the Governmental-Wide Financial Statements?\u003c\/p\u003e \u003cp\u003eWhat Are the Fund Financial Statements?\u003c\/p\u003e \u003cp\u003eWhat Are Notes and Required Supplementary Information?\u003c\/p\u003e \u003cp\u003eWhat Additional Information Do Governments Typically Report? \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Governmental Activities—Revenues.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy and How Do Governments Use the Modified Accrual Basis of Accounting?\u003c\/p\u003e \u003cp\u003eWhat Triggers Revenue Recognition for Nonexchange versus Exchange Transactions?\u003c\/p\u003e \u003cp\u003eWhat Are the Main Types of Nonexchange Revenues?\u003c\/p\u003e \u003cp\u003eHow Should Property Taxes and Other Imposed Nonexchange Revenues Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Sales and Income Taxes and Other Derived Tax Revenues Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Grants and Similar Nonexchange Revenues Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Sales of General Capital Assets Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Investment Gains and Losses Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should External Investment Pools Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Interest on Investments Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Licenses, Permits and Other Exchange or\"Exchange-Like\" Transactions Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Governments Report Revenues in Thier Government-Wide Statements?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Governmental Activities—Expenditures and Expenses.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Is the Accrual Concept Modified for Exchange Expenditures?\u003c\/p\u003e \u003cp\u003eHow Should Wages and Salaries Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Compensated Absences Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Pensions and Other Post-Employment Benefits Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Claims and Judgments Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should the Acquisition and Use of Materials and Supplies Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Prepayments Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Capital Assets Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Interest and Principal on Long-Term Debt Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Nonexchange Expenditures Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Should Interfund Activities Be Accounted for?\u003c\/p\u003e \u003cp\u003eWhat Constitute Other Financing Sources and Uses?\u003c\/p\u003e \u003cp\u003eHow Should Governmental Fund Operating Statements Be Accounted for?\u003c\/p\u003e \u003cp\u003eWhat Is the Significance of the Governmental Fund Financial Statements?—An Overview.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Governmental Activities—Capital Projects and Debt Service.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Do Governments Account for Capital Projects?\u003c\/p\u003e \u003cp\u003eHow Do Governments Account for Resources Dedicated to Debt Service?\u003c\/p\u003e \u003cp\u003eHow Do Governments Handle Special Assessments?\u003c\/p\u003e \u003cp\u003eWhy is Arbitrage a Concern of Governments?\u003c\/p\u003e \u003cp\u003eHow Can Governments Benefit from Debt Refundings?\u003c\/p\u003e \u003cp\u003eRealizing Economic Gains—\u003ci\u003eExceptions to the General Rule.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Governmental Activities—Capital Assets and Investments in Marketable Securities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Accounting Practices Do Governments Follow for General Capital Assets?\u003c\/p\u003e \u003cp\u003eWhy and How Should Governments Report Infrastructure?\u003c\/p\u003e \u003cp\u003eWhat Are the Limitations of Information Reported about General Capital Assets?\u003c\/p\u003e \u003cp\u003eHow Should Governments Account for Assets that Are Impaired?\u003c\/p\u003e \u003cp\u003eWhat Issues Are Critical As to Investments in Marketable Securities and Other Financial Instruments?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Governmental Activities—Long-Term Obligations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Is Information on Long-Term Debt Important to Statement Users?\u003c\/p\u003e \u003cp\u003eCan Governments Go Bankrupt?\u003c\/p\u003e \u003cp\u003eHow Do Governments Account for General Long-Term Obligations?\u003c\/p\u003e \u003cp\u003eWhat Constitutes Long-Term Debt of Governmental Activities?\u003c\/p\u003e \u003cp\u003eWhat Other Information Do Users Want to Know about Outstanding Debt?\u003c\/p\u003e \u003cp\u003eWhat Are Bond Ratings and Why Are They Important? \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Business-Type Activities and Internal Services.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Do Governments Engage in Business-Type Activities?\u003c\/p\u003e \u003cp\u003eWhat Are Proprietary Funds?\u003c\/p\u003e \u003cp\u003eShould Governments Account for Proprietary Funds Differently than Governmental Funds?\u003c\/p\u003e \u003cp\u003eWhat Are the Three Basic Financial Statements of Proprietary Funds?\u003c\/p\u003e \u003cp\u003eWhat Accounting Issues Are Unique to Enterprise Funds?\u003c\/p\u003e \u003cp\u003eWhat Are Internal Service Funds, and How Are They Accounted for?\u003c\/p\u003e \u003cp\u003eWhat Special Problems Are Created in Accounting for Self-Insurance?\u003c\/p\u003e \u003cp\u003eHow Are Proprietary Funds Reported?\u003c\/p\u003e \u003cp\u003eWhat Do Users Want to Know about Revenue Debt?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Permanent Funds and Fiduciary Funds.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Are Endowments?\u003c\/p\u003e \u003cp\u003eWhat Are Permanent Funds and How Are They Distinguished from Fiduciary Funds?\u003c\/p\u003e \u003cp\u003eWhy Should All Endowments Be Accounted for on a Full Accrual Basis—and Why Aren't They?\u003c\/p\u003e \u003cp\u003eShould Investment Gains Be Considered Net Additions to Endowment Principal or Expendable Income?\u003c\/p\u003e \u003cp\u003eHow Should Permanent Fund Investment Losses Be Accounted for?\u003c\/p\u003e \u003cp\u003eHow Are Endowment Transactions Recorded and Reported?\u003c\/p\u003e \u003cp\u003eWhat Financial Statements Are Required for Fiduciary Funds?\u003c\/p\u003e \u003cp\u003eWhat Are Pensions and Why Are They Important?\u003c\/p\u003e \u003cp\u003eHow Should an Employer Account for its Pension Contributions?\u003c\/p\u003e \u003cp\u003eHow Should a Defined Benefit Pension Plan Be Accoutned for?\u003c\/p\u003e \u003cp\u003eHow Should Postemployment Benefits Other Than Pensions (OPEB) Be Accounted for?\u003c\/p\u003e \u003cp\u003eWhat Accounting Issues Do Investment Trust Funds Present?\u003c\/p\u003e \u003cp\u003eWhat Accounting Issues Do Agency Funds Present?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Issues of Reporting and Disclosure.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Can a Government Prepare Government-Wide Statements from Fund Statements?\u003c\/p\u003e \u003cp\u003eWhy Is the Reporting Entity an Issue for Governments?\u003c\/p\u003e \u003cp\u003eWhat Criteria Have Been Established for Government Reporting Entities?\u003c\/p\u003e \u003cp\u003eWhat Is Included in a Government's CAFR?\u003c\/p\u003e \u003cp\u003eWhat Are the Reporting Requirements for Colleges, Universities, and Other Special-Purpose Governments?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Not-for-Profit Organizations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWho's in Charge?\u003c\/p\u003e \u003cp\u003eWhat Should the Form and Content of Financial Statements Be?\u003c\/p\u003e \u003cp\u003eWhat Are Contributions, and How Should Pledges Be Accounted for?\u003c\/p\u003e \u003cp\u003eWhen Should Use-Restricted Contributions Be Recognized?\u003c\/p\u003e \u003cp\u003eShould Contributions of Services Be Recognized?\u003c\/p\u003e \u003cp\u003eShould Contributions of Collection Items Be Recognized As Revenues?\u003c\/p\u003e \u003cp\u003eWhen Should Conditional Promises Be Recognized?\u003c\/p\u003e \u003cp\u003eHow Should \"Pass-Through\" Contributions Be Accounted for?\u003c\/p\u003e \u003cp\u003eWhen Should Gains and Losses on Investments Be Recognized?\u003c\/p\u003e \u003cp\u003eHow Should Organizations Account for Gains and Losses on Endowments?\u003c\/p\u003e \u003cp\u003eHow Should Depreciation Be Reported?\u003c\/p\u003e \u003cp\u003eWhat Issues Does a Not-for-Profit Face in Establishing Its Reporting Entity?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Special Issues for Not-for-Profit Health Care Providers and Institutions of Higher Education.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Unique Issues Do Health Care Providers Face?\u003c\/p\u003e \u003cp\u003eWhat Unique Issues Do Colleges and Universities Face?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Auditing Governments and Not-for-Profit Organizations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Do Audits of Governments and Not-for-Profits Differ from Those of Businesses?\u003c\/p\u003e \u003cp\u003eHow Has the Yellow Book Influenced Governments and Not-for-Profit Auditing?\u003c\/p\u003e \u003cp\u003eWhat Types of Audits Do Governments Conduct?\u003c\/p\u003e \u003cp\u003eWhat Levels of Standards Are Applicable to All Engagements?\u003c\/p\u003e \u003cp\u003eWhat Are the Key Differences between Government and Nongovernment Financial Audit Standards?\u003c\/p\u003e \u003cp\u003eHow Have the Single Audit Act and Other Pronouncements Influenced Auditing?\u003c\/p\u003e \u003cp\u003eWhat Approach Do Auditors Take in Performing Single Audits?\u003c\/p\u003e \u003cp\u003eWhat Are Performance Audits?\u003c\/p\u003e \u003cp\u003eWhat Unique Ethical Issues Do Government and Not-for-Profit Accounting and Auditing Present?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Financial Analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Can a Government's Economic Condition Be Assessed?\u003c\/p\u003e \u003cp\u003eWhy Is It Important to Assess Likely Future Changes?\u003c\/p\u003e \u003cp\u003eWhy Is It Important to Evaluate Accounting and Reporting Practices?\u003c\/p\u003e \u003cp\u003eWhat Ratios and Other Indicators May Be Useful?\u003c\/p\u003e \u003cp\u003eHow Can a Not-for-Profit's Economic Condition Be Assessed?\u003c\/p\u003e \u003cp\u003eHow Can Conclusions Be Drawn?\u003c\/p\u003e \u003cp\u003eGlossary.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e \u003cp\u003eMichael H. Granof is an accounting professor and expert on government and not-for-profit accounting and financial reporting standards, and is an influential writer and speaker on the topic of government budget issues including social security, entitlements, tax policy, and projected budgetary concerns in the U.S., including the long-term viability of the social security program.\u003c\/p\u003e \u003cp\u003eGranof is the Ernst \u0026amp; Young Distinguished Centennial Professor in Accounting at the McCombs School of Business, The University of Texas at Austin, the No. 1 accounting program in higher education according to all major ranking publications. He is also a professor of public affairs at the Lyndon B. Johnson School of Public Affairs at the university.\u003c\/p\u003e \u003cp\u003eHe is a member of the Governmental Accounting Standards Board since 2010, and the Federal Accounting Standards Advisory Board since 2009. He has served as a member of governmental advisory committees and councils since the 1980s.\u003c\/p\u003e \u003cp\u003eGranof is the author of Government and Not-for-Profit Accounting: Concepts and Practices (New York: John Wiley), and he received the Enduring Lifetime Contribution Award in 2010 from the American Accounting Association. He is a distinguished scholar and a popular instructor frequently recognized for his teaching excellence.\u003c\/p\u003e The purchase of \u003ci\u003eCore Concepts of Government and Not-For-Profit Accounting, Second Edition\u003c\/i\u003e includes a student edition of Sage MIP Fund Accounting – the preferred nonprofit and government financial management solution used to plan and manage budgets, maximize grants and produce accurate customized reports in minutes. Sage MIP Fund Accounting software addresses the specific needs of organizations that need to track and report on multiple funds across multiple budget periods to meet their reporting requirements and demonstrate accountability.  \u003cb\u003eCut Straight to the Core Concepts\u003c\/b\u003e  \u003cp\u003eOffering concise, flexible and current coverage of key principles, \u003ci\u003eCore Concepts of Government and Not-For-Profit Accounting,\u003c\/i\u003e by Michael H. Granof and Penelope S. Wardlow, identifies the issues and unique features of this specialized accounting field. This edition explores the new financial reporting model for governments (GASB Statement No. 56) with references to real-world institutions, ranging form cities to private universities. With extensive end-of-chapter discussion questions, exercises, and problems that combine a hands-on reporting and an underlying philosophy approach, students from all backgrounds will benefit from this comprehensive text.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThis 2nd Edition Features:\u003c\/b\u003e\u003c\/p\u003e \u003cul\u003e \u003cli\u003eA new chapter on Auditing Governments and Not-For-Profit Organizations\u003c\/li\u003e \u003cli\u003eCoverage of government accounting standards through GASB Statement No. 56, issued March 2009\u003c\/li\u003e \u003cli\u003eA point-by-point guide on how to prepare government-wide statements from fund statements\u003c\/li\u003e \u003cli\u003eIllustrative financial statements for real-world entities, including cities, non-for-profit healthcare organizations, and private universities\u003c\/li\u003e \u003cli\u003eA continuing problem on interpreting and using the financial statements of a real city\u003c\/li\u003e \u003cli\u003eIntroduction to the new FASB Codification, which includes all FASB standards, AICPA Audit Guides, and other publications that affect not-for-profit organizations and businesses\u003c\/li\u003e \u003cli\u003eUpdated key points about how to address the financial analysis of governments and not-for-profit organizations\u003c\/li\u003e \u003cli\u003eNew bulleted \"Chapter Highlights\" at the beginning of each chapter\u003c\/li\u003e \u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988992082149,"sku":"NP9780471737926","price":141.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471737926.jpg?v=1761782345","url":"https:\/\/k12savings.com\/products\/core-concepts-of-government-and-not-for-profit-accounting-isbn-9780471737926","provider":"K12savings","version":"1.0","type":"link"}