Applying Government Accounting Principles

Covers virtually every aspect of accounting and financial reporting for state and local governments, as well as federal government programs.
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Covers virtually every aspect of accounting and financial reporting for state and local governments, as well as federal government programs. Expert analysis, clear text, and hundreds of practical work aids illustrate the maze of pronouncements from the AICPA, GASB, FASB, NCGA, GAO, and OMB, covering a broad range of government accounting topics:

  • Fund accounting and classification guidelines
  • Recognizing and recording resource inflows and outflows
  • Measuring and recording all financial statement accounts and groups
  • Specialized accounting for pensions and grants
  • Budgeting and management accounting
  • Computers in government accounting

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  • Part I Overview

    Chapter 1: Overview of Government Accounting

    Part II Fund Accounting

    Chapter 2: Planning for Changes in Accounting and Financial Reporting Standards
    Chapter 3: Governmental and Proprietary Funds
    Chapter 4: Fiduciary Funds
    Chapter 5: Interfund Transactions

    Part III Recognizing and Recording Resource Inflows and Outflows

    Chapter 6: Encumbrance Accounting
    Chapter 7: Revenue Accounting
    Chapter 8: Expenditure and Expense Accounting

    Part IV Accounts

    Chapter 10: Cash and Investments
    Chapter 11: Inventory, Prepaid Expenses, and Deferred Charges
    Chapter 12: Capital Assets
    Chapter 13: Liabilities and Leases

    Part V Specialized Types of Accounting

    Chapter 14: Pensions and Other Postemployment Benefits
    Chapter 15: Grants and Federal Financial Assistance

    Part VI Financial Statements

    Chapter 16: Comprehensive Annual Financial Reports
    Chapter 17: Basic Financial Statements
    Chapter 18: Notes to Financial Statements and Required Supplementary Information
    Chapter 19: Financial Reporting for Special Purpose Governmental Entities

    Part VII Management Accounting

    Chapter 20: Overview of Federal Financial Accounting and Reporting
    Chapter 21: Competence in Financial Management
    Chapter 22: Cost Allocation and Indirect Costing
    Chapter 23: Formulating the Budget
    Chapter 24: Executing the Budget
    Chapter 25: Government Management Accounting
    Chapter 26: Internal Control

    Part VIII Computer Systems

    Chapter 28: Computers in Government Accounting
    Chapter 29: Integrated Government Financial Systems: An Overview
    Chapter 30: Integrated Government Financial Systems: Core Financial Functions
    Chapter 31: Integrated Government Financial Systems: Payroll, Human Resources, and Property
    Chapter 32: Integrated Government Financial Systems: Travel
    Chapter 33: Integrated Government Financial Systems: Inventory, Supplies, and Materials
    Chapter 34: Integrated Government Financial Systems: Revenues
    Chapter 35: Integrated Government Financial Systems: Benefit Payments
    Chapter 36: Integrated Government Financial Systems: Procurement and Acquisitions