Wiley GAAP for Governments 2008: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments

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John Wiley & Sons, Mar 21, 2008 - Business & Economics - 512 pages
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The most practical, authoritative guide to governmental GAAP, "Wiley GAAP for Governments 2008" is a comprehensive guide to the accounting and financial reporting principles used by state and local governments as well as other governmental entities. Readers will find its full coverage of authoritative accounting standards, coupled with many examples, illustrations, and helpful practice hints, extremely useful and user-friendly. Designed with the needs of the user in mind, a "New Developments" chapter keeps the reader informed of all the important developments in governmental GAAP during the past year. Warren Ruppel, CPA (Woodcliff Lake, NJ) is the Director of Government Services at Marks Paneth & Shron, LLP and is the author of four Wiley accounting publications. He began his career at KPMG, later joining Deloitte & Touche to specialize in audits of not-for-profit organizations and governments. He also was the Assistant Comptroller for Accounting of The City of New York
 

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Contents

Chapter Title No 1 New Developments
1
Overview of Accounting and Financial Reporting by Governments
62
Accounting FundamentalsFund Accounting Fundamentals and Basis of AccountingMeasurement Focus
82
The Importance of Budgets to Governments
102
Financial Statements Prepared by Governments
114
Definition of the Reporting Entity
164
General Fund and Special Revenue Funds
200
Capital Projects Funds
211
Cash and InvestmentsValuation and Disclosures
317
Accounting for Securities Lending Transactions
334
Compensated Absences
342
Employers Accounting for Pensions
353
Accounting for Postemployment Benefits other than Pensions
379
Interfund and IntraEntity Transactions
384
Risk Financing and InsuranceRelated ActivitiesPublic Entity Risk Pools
389
Accounting for Leases
417

Debt Service Funds
223
Proprietary Funds
231
Fiduciary Funds
250
Capital Assets
256
LongTerm Obligations
276
Nonexchange Transactions
301
Landfill Closure and Postclosure Care Costs
434
Public Employee Retirement System Financial Statements
443
Educational and Other Governmental Entities
470
Disclosure Checklist
484
Index
503
Copyright

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About the author (2008)

Warren Ruppel, CPA, is a Partner at Marks Paneth & Shron LLP, New York, where he leads the firm's Government Services Practice and also a key leader in its accounting and auditing professional practices department. He formerly was eth assistant comptroller for accounting of The City of New York, where he was responsible for all aspects of the City's accounting and financial reporting. He has over twenty-five years of experience in governmental and not-for-profit accounting and financial reporting. He began his career at KPMG after graduating from St. John's University, New York. His involvement with governmental accounting and auditing began with his first audit assignment-the second audit ever performed of the financial statements of The City of New York. From that time he served many governmental and commercial cline4ts until he joined Deloitte & Touche in 1989 to specialize in audits of governments and not-for-profit organization.

Mr. Ruppel has served as an instructor for m any training courses, including specialized governmental and not-for-profit programs and seminars. He has also been an adjunct lecturer of accounting at the Bernard M. Baruch College of the City University of New York. He is the author of five other books, OMB circular A-133 Audits, Not-for-profit Organization Audits, Not-for-Profit Accounting Made Easy, Government Accounting Made Easy, and Not-for-Profit Audit Committee Best Practices.

Mr. Ruppel is a member of the American Institute of Certified Public Accountants as well as the New York State Society of certified Public Accountants, where he serves on the Governmental Accounting and Auditing and Not-for-Profit Organizations Technical Committees and the Finance Committee. He has also served as the Chair of the Society's Audit Committee. He is also a past president of the New York Chapter of the Institute of Management Accountants. Mr. Ruppel is member of the Government Finance Officers Association and serves on its Special Review Committee.

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