Wiley GAAP for Governments 2009: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments

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John Wiley & Sons, Mar 3, 2009 - Business & Economics - 552 pages
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Governmental GAAP (Generally Accepted Accounting Principles) consists of all the promulgated accounting principles applicable to financial accounting and reporting for state and local governments. To understand the complexity of the Government Accounting Standards Board (GASB) statements, interpretations, technical bulletins, and certain AICPA statements of position, these pronouncements must be analyzed and explained in straightforward language. This title will serve as a comprehensive, practical research tool for use by governments and their auditors to guide them through governmental accounting and financial reporting.
 

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Contents

Chapter Title No 1 New Developments
3
GASB Statement 52 Land
52
51
66
Overview of Accounting and Financial Reporting by Governments
84
Accounting FundamentalsFund Accounting Fundamentals and Basis of AccountingMeasurement Focus
104
The Importance of Budgets to Governments
124
Financial Statements Prepared by Governments
136
Definition of the Reporting Entity
192
LongTerm Obligations
304
Nonexchange Transactions
329
Cash and InvestmentsValuation and Disclosures
345
Accounting for Securities Lending Transactions
362
Compensated Absences
370
Employers Accounting for Pensions
381
Accounting for Postemployment Benefits other than Pensions
407
Interfund and IntraEntity Transactions
412

39
227
General Fund and Special Revenue Funds
228
Capital Projects Funds
239
Debt Service Funds
251
Proprietary Funds
259
43
265
80
267
Fiduciary Funds
278
Capital Assets
284
Risk Financing and InsuranceRelated ActivitiesPublic Entity Risk Pools
417
Accounting for Leases
445
Landfill Closure and Postclosure Care Costs
462
Public Employee Retirement System Financial Statements
471
Educational and Other Governmental Entities
498
Disclosure Checklist
512
Index
532
Copyright

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About the author (2009)

Warren Ruppel, CPA, is a Partner at Marks Paneth & Shron LLP, New York, where he leads the firm's Government Services Practice and also is a leader in its Professional Practices Group. He formerly was the 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 clients until he joined Deloitte & Touche in 1989 to specialize in audits of governments and not-for-profit organizations. Mr. Ruppel has also served as the chief financial officer of an international not-for-profit organization.

Mr. Ruppel has served as an instructor for many 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 is a trustee of the Foundation for Accounting Education. 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 a member of the Government Finance Officers Association and serves on its Special Review Committee.

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