Government and Not-for-Profit Accounting: Concepts and Practices » (5th Edition)

Known for its accessible writing style and concept-based presentation, this book arms accountants with critical information that accountants will be able to apply throughout their careers. New coauthor Saleha Khumawala brings a fresh voice to make the content even more engaging in the new edition. Emphasis is placed on real world applications to clearly demonstrate the relevance of the material. New chapters are included on health care organizations and colleges and universities. In addition, numerous new examples are integrated throughout the chapters with new CAFR references to give accountants a stronger grasp of the concepts.

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A text/CD-ROM package on key issues of governmental and not-for-profit accounting, with emphasis on critical thinking. A unique feature is an ongoing problem based on an actual comprehensive annual financial report (CAFR). Chapters cover topics including fund accounting, budgeting and control, recognizing revenue and expenditures in governmental funds, long-term obligations, reporting and disclosure, and auditing governments and not-for-profits. The CD-ROM contains a CAFR for the City of Orlando, Florida. The author is affiliated with the University of Texas-Austin. This second edition incorporates the latest GASB pronouncements, and recent updates to the Single Audit Act and Federal Accounting Standards Advisory Board Pronouncements. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Ch. 1 The Government and Not-for-Profit Environment 1

Ch. 2 Fund Accounting 36

Ch. 3 Issues of Budgeting and Control 86

Ch. 4 Recognizing Revenues in Governmental Funds 130

Ch. 5 Recognizing Expenditures in Governmental Funds 178

Ch. 6 Accounting for Capital Projects and Debt Service 224

Ch. 7 Capital Assets and Investments in Marketable Securities 267

Ch. 8 Long-Term Obligations 305

Ch. 9 Business-Type Activities 345

Ch. 10 Fiduciary Funds and Permanent Funds 397

Ch. 11 Issues of Reporting, Disclosure, and Financial Analysis 454

Ch. 12 Not-for-Profit Organizations 504

Ch. 13 Colleges and Universities 564

Ch. 14 Health Care Providers 599

Ch. 15 Managing for Results 630

Ch. 16 Auditing Governments and Not-for-Profit Organizations 672

Ch. 17 Federal Government Accounting 716

Glossary 765

Value Tables 782

Index 791