Wiley GAAP for Governments 2012: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments

by Warren Ruppel

Overview

The most practical, authoritative guide to governmental GAAP

Wiley GAAP for Governments 2012 is a comprehensive guide to the accounting and financial reporting principles used by state and local governments as well as other governmental entities. Designed with the needs of the user in mind, this comprehensive resource presents the important developments in governmental GAAP during the past year.

• Full coverage of authoritative accounting standards
• Extremely useful and user-friendly examples, illustrations, and helpful practice hints
• A comprehensive guide to the accounting and financial reporting principles used by state and local governments as well as other governmental entities
• Provides a look ahead to the status of current and future Governmental Accounting Standards Board standards and projects
• Offers information on the very latest in standard-setting activities
• Also by Warren Ruppel: Governmental Accounting Made Easy

Wiley GAAP for Governments 2012 is a thorough, reliable reference financial professionals will consistently keep on their desks rather than on their bookshelves.

Product Details

ISBN-13:	9781118282069
Publisher:	Wiley
Publication date:	01/18/2012
Sold by:	JOHN WILEY & SONS
Format:	eBook
Pages:	624
File size:	4 MB

About the Author

Warren Ruppel, CPA (Woodcliff Lake, NJ), is the author of four Wiley accounting publications, including Wiley GAAP for Governments, and two CCH Miller accounting and auditing books. He began his career at KPMG Peat Marwick in 1979 and joined Deloitte & Touche in 1989 to specialize in not-for-profit organizations and audits of governments. Mr. Ruppel has since served as the chief financial officer of an international not-for-profit organization and as the assistant comptroller responsible for the accounting and financial reporting for one of the largest cities in the U.S.

Table of Contents

Preface vii

About the Author ix

1 New Developments 1

2 Foundations of Governmental Accounting 27

3 Fund Accounting Fundamentals 51

4 General Fund and Special Revenue Funds 73

5 Capital Projects Funds 87

6 Debt Service Funds 101

7 Proprietary Funds 111

8 Fiduciary Funds 135

9 Financial Statements Prepared by Governments 141

10 The Importance of Budgets to Governments 207

11 Definition of the Reporting Entity 219

12 Cash and Investments—Valuation and Disclosures 259

13 Derivative Instruments 285

14 Capital Assets 315

15 Debt and Other Obligations 347

16 Landfill Closure and Postclosure Care Costs 383

17 Postemployment Benefits—Pension and Other 393

18 Compensated Absences 433

19 Accounting for Leases 445

20 Nonexchange Transactions 465

21 Risk Financing and Insurance-Related Activities/Public Entity Risk Pools 481

22 Pension and OPEB Plan Financial Statements 511

23 Educational and Other Governmental Entities 561

Appendix: Disclosure Checklist 577

Index 607