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Federal Accounting Handbook: Policies, Standards, Procedures, Practices » (Revised Edition)

Book cover image of Federal Accounting Handbook: Policies, Standards, Procedures, Practices by Kearney & Company

Authors: Kearney & Company, Cornelius E. Tierney, Edward F. Kearney, Jeffrey W. Green, Roldan Fernandez
ISBN-13: 9780471739289, ISBN-10: 0471739286
Format: Paperback
Publisher: Wiley, John & Sons, Incorporated
Date Published: October 2006
Edition: Revised Edition

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Author Biography: Kearney & Company

CORNELIUS E. TIERNEY, CPA, CGFM, is a Director with Kearney & Company, and is the author or coauthor of twelve books on governmental accounting and auditing. He served as the chairman and national director of Ernst & Young's public sector accounting and auditing practice for nearly twenty-five years, and was an original member of the Federal Accounting Standards Advisory Board.

EDWARD F. KEARNEY, CPA, CGFM, is the Managing Partner of Kearney & Company. He is a former senior manager of Arthur Young & Company (a predecessor firm to Ernst & Young) and a former officer of a public company listed on the New York Stock Exchange. He also worked for the Department of Housing and Urban Development as an auditor and accountant.

ROLDAN FERNANDEZ, CPA, CGFM, is a Senior Partner with Kearney & Company. He is a former principal of Arthur Young & Company and the former chief financial officer of a public company listed in the New York Stock Exchange. He has over twenty-five years of diversified experience in all facets of financial management in both the public and private sectors.

JEFFREY W. GREEN, CPA, is a Senior Partner with Kearney & Company with more than nineteen years of experience. He is responsible for federal audit engagements and internal control projects covered under the rules of OMB Circular A-123. He is a recent recipient of the Northern Virginia Association of Government Accountants' (AGA) Federal Financial Partnership Award.

KEARNEY & COMPANY is a certified public accounting (CPA) firm that provides audit, accounting, and consulting services to the federal government. Additional details onKearney & Company can be found on the Web at www.kearneyco.com.

All are also coauthors of Federal Government Auditing: Laws, Regulations, Standards, Practices, and Sarbanes-Oxley and OMB Circular A-123 and Sarbanes-Oxley: Management's Responsibility for Internal Control in Federal Agencies.

Book Synopsis

Now in a second edition, Federal Accounting Handbook is the handbook that every financial federal employee can use, covering all of the recent revisions including new FASAB standards and how Congress wants the intent and objectives of the Sarbanes-Oxley Act to be implemented by federal departments and agencies. Written for both the professional and the non-professional, this handbook equips you with the what, why, when, and how of federal financial management,

Table of Contents

Pt. 1The nature of financial management in the federal government
1Financial management legislation and policy3
2The Chief Financial Officers Act of 199021
3The federal budget41
4Accounting events of the federal government63
5Budgetary and proprietary accounting practices81
6The department of the treasury105
7Federal financial and information systems133
8Federal financial statements155
Pt. 2Accounting practices for selected federal activities and transactions
9Pay, leave, and allowances, and travel and transportation183
10Contracts211
11Interagency and other expenditures, and receipts, transfers, reimbursements, and refunds229
12Assets, liabilities, and net entity position255
13Nonappropriated fund activities283
14Costing federal entities, programs, and activities311
15Grants335
AppThe federal government and Sarbanes-Oxley353

Subjects