Introduction to Governmental and Non-for-Profit Accounting
ISBN: 9780132366359 | 0132366355
Edition: 6thFormat: Paperback
Publisher: Prentice Hall
Pub. Date: 2/21/2008
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KEY BENEFIT: Covering the essentials of fund accounting, this flexible book introduces the reader to the basic accounting principles at work in both governmental and not-for-profit organizations. This brief book divides most of the chapters into independent sections, which may be covered as separate units. Now includes a print update on GASB 34, packaged with the volume. KEY TOPICS: Topics addressed include government and not-for-profit environments and characteristics, the use of funds in governmental accounting, the budgetary process, special... MORE
| Preface | p. xiii |
| About the Authors | p. xvii |
| Governmental and Not-for-Profit Accounting Environment and Characteristics | p. 1 |
| Governmental and Not-for-Profit Organizations | p. 2 |
| Governmental and Not-for-Profit Entity Environment | p. 3 |
| Users and Uses of Accounting Information | p. 6 |
| Accounting Principles and Standards | p. 6 |
| Objectives of Financial Reporting | p.... MORE |
| Unique Accounting and Financial Reporting Characteristics | p. 10 |
| The Use of Funds in Governmental Accounting | p. 14 |
| Fund Accounting | p. 15 |
| Measurement Focus and Basis of Accounting | p. 18 |
| Governmental-Type Funds | p. 24 |
| Proprietary-Type Funds | p. 31 |
| Fiduciary-Type Funds | p. 37 |
| Budgetary Considerations in Governmental Accounting | p. 55 |
| Budget Laws | p. 57 |
| Types of Budgets | p. 57 |
| Approaches to Budgeting | p. 58 |
| The Budget Process | p. 60 |
| Service Efforts and Accomplishments | p. 69 |
| Budgetary Review | p. 69 |
| The Budget Document | p. 71 |
| Legislative Consideration and Adoption of the Budget | p. 72 |
| Property Tax Levy | p. 73 |
| Using Budgetary Information | p. 74 |
| Classifying Revenues and Expenditures | p. 76 |
| Budgetary Accounting | p. 79 |
| Additional Aspects of Budgetary Accounting | p. 87 |
| Closing Comments | p. 89 |
| The Governmental Fund Accounting Cycle: An Introduction to General and Special Revenue Funds | p. 100 |
| Recognizing Revenues and Expenditures | p. 103 |
| Illustrating the General Fund Accounting Cycle | p. 103 |
| Control Accounts and Subsidiary Ledgers | p. 117 |
| Closing Comments | p. 118 |
| The Governmental Fund Accounting Cycle: Additional Transactions of General and Special Revenue Funds-Introduction to Permanent Funds | p. 136 |
| Property Tax Accounting | p. 138 |
| Accounting for Other Taxes and Intergovernmental Grants | p. 146 |
| Important Exceptions to the General Principle for Recognizing Expenditures | p. 147 |
| Fund Balance Presentation | p. 149 |
| Interfund Activity | p. 152 |
| Additional Aspects of Budgetary Accounting | p. 155 |
| Other Issues | p. 158 |
| Review of Year-End Financial Statements | p. 161 |
| Permanent Funds | p. 162 |
| The Governmental Fund Accounting Cycle: Capital Projects Funds, Debt Service Funds, and Special Assessments | p. 195 |
| Measurement Focus and Basis of Accounting | p. 197 |
| Capital Projects Funds | p. 198 |
| Debt Service Funds | p. 210 |
| Leased Assets | p. 217 |
| Special Assessment Projects | p. 219 |
| Concluding Comment | p. 222 |
| The Governmental Fund Accounting Cycle: Proprietary-Type Funds | p. 241 |
| Overview | p. 242 |
| Specific Aspects of Internal Service Funds | p. 244 |
| Specific Aspects of Enterprise Funds | p. 253 |
| The Governmental Fund Accounting Cycle: Fiduciary Funds | p. 279 |
| Overview of Employer Government Pension Accounting | p. 281 |
| Fiduciary-Type Funds: Pension Trust Funds | p. 286 |
| Fiduciary-Type Funds: Investment Trust Funds | p. 298 |
| Fiduciary-Type Funds: Private Purpose Trust Funds | p. 303 |
| Fiduciary-Type Funds: Agency Funds | p. 308 |
| Reporting Principles and Preparation of Fund Financial Statements | p. 325 |
| Financial Reporting Objectives (GASB Concepts Statement No. 1) | p. 327 |
| Introduction to the Financial Reporting Model (GASB Statement No. 34) | p. 328 |
| The Financial Reporting Entity (GASB Statement No. 14) | p. 329 |
| Overview of the Comprehensive Annual Financial Report | p. 333 |
| Minimum External Financial Reporting Requirements | p. 336 |
| Preparing Management's Discussion and Analysis | p. 337 |
| Preparing Fund Financial Statements: General | p. 338 |
| Preparing Fund Financial Statements for Governmental Funds | p. 340 |
| Preparing Fund Financial Statements for Proprietary Funds | p. 346 |
| Preparing Fund Financial Statements for Fiduciary Funds | p. 349 |
| Preparing Budgetary Comparison Schedules | p. 351 |
| Preparing Notes to the Financial Statements | p. 353 |
| Preparing the Statistical Section | p. 356 |
| Auditor's Report | p. 359 |
| Government-Wide Financial Statements | p. 379 |
| Format of Government-Wide Financial Statements | p. 381 |
| Preparing Government-Wide Financial Statements | p. 388 |
| Creating Government-Wide Financial Statements from Fund Financial Data: Comprehensive Illustration | p. 396 |
| Capital Assets, Including Infrastructure Assets | p. 406 |
| Federal Government Accounting and Reporting | p. 419 |
| The Federal Budgetary Process | p. 420 |
| Federal Accounting-Background | p. 422 |
| Consolidated U.S. Government Financial Statements | p. 427 |
| Accounting Within the Federal Agencies | p. 430 |
| Federal Agency Financial Reporting Requirements | p. 437 |
| Accounting for Not-for-Profit Organizations | p. 452 |
| Characteristics of Not-for-Profit Organizations | p. 453 |
| Financial Reporting | p. 455 |
| Contributions Other Than Services and Collections | p. 462 |
| Contributed Services | p. 468 |
| Contributions to Collections | p. 469 |
| Other Accounting Matters | p. 470 |
| Fund Accounting in NFPOs | p. 474 |
| Illustration Using Funds | p. 476 |
| Not-for-Profit Colleges and Universities | p. 497 |
| Accounting for Health Care Organizations | p. 502 |
| Health Care Service Providers | p. 504 |
| Introduction to Hospital Accounting and Financial Reporting | p. 504 |
| Patient Service Revenues | p. 507 |
| Investment Income, Other Revenues, Gains | p. 514 |
| Expenses | p. 517 |
| Other Transactions | p. 519 |
| Accounting for Transactions with Restrictions | p. 521 |
| Financial Statements | p. 527 |
| Analysis of Financial Statements and Financial Condition | p. 553 |
| Information Content of Financial Statements: A Financial Analysis Perspective | p. 555 |
| An Approach to Financial Statement and Financial Condition Analysis | p. 557 |
| Financial Statement and Financial Condition Analysis Indicators | p. 560 |
| Financial Condition Assessment | p. 567 |
| Illustration of Analysis of Governmental Financial Statements | p. 570 |
| Illustration of Analysis of Not-for-Profit Hospital Financial Statements | p. 577 |
| Fundamentals of Accounting | p. 592 |
| The Accounting Equation: Transaction Analysis | p. 593 |
| The Accrual Basis of Accounting | p. 601 |
| Recording Transactions: Debits and Credits | p. 603 |
| Financial Statements | p. 616 |
| Closing the Books | p. 620 |
| Other Transactions and Other Matters | p. 622 |
| Index | p. 637 |
| Table of Contents provided by Ingram. All Rights Reserved. |
