1. Accounting For Dummies
2. Principles Of Accounting Study Guide
3. Government And Nonprofit Accounting Study Guide

How is Chegg Study better than a printed Accounting For Governmental & Nonprofit Entities 17th Edition student solution manual from the bookstore? Featuring the foundational tenets of governmental accounting and reporting in today's environment, this course offers underlying concepts and. CPE Self-Study.

If you are new to the governmental arena or need a refresher to keep up with changes, this is the course for you. Featuring the foundational tenets of governmental accounting and reporting in today's environment, this course covers more than just buzzwords. Including real-life examples of CAFR and financial statements and updates of recent GASB standards, this course offers underlying concepts and shows you how they are applied. Learning Objectives This course will prepare you to do the following:. Identify unique aspects of the governmental environment.

Identify the governmental fund types and fund categories. Apply the appropriate MFBA (Measurement Focus and Basis of Accounting) to fund accounting and reporting. Determine how to classify, measure, and report governmental revenues and expenditures. Recognize the financial reporting structure used by governments. Distinguish the format and reporting requirements for government-wide financial statements. Recognize special purpose governments. Identify the impact of capital assets and long-term liabilities at the fund reporting level as well as the government-wide financial statement level.

Key Topics. The governmental environment and GAAP. Fund accounting and the financial reporting model. Budgeting. MFBA.

Revenues and expenditures. Governmental, proprietary, and fiduciary funds. Government-wide financial statements. CAFR.

Special purpose governments. Deferred outflows of resources and deferred inflows of resources Who Will Benefit?. Accounting and finance professionals working in the state and local government environment.

Auditors with state and local government clients who seek a refresher in fundamental governmental accounting and reporting concepts. Chase, professor of accounting, is in his twenty-fifth year of service at Radford University. He earned both his MBA and Ph.D.

From Virginia Commonwealth University. He is also the Director of the University's Governmental and Nonprofit Assistance Center (GNAC). The GNAC provides support for the Government Finance Officers Association (GFOA) national Certified Public Finance Officer (CPFO) program. Prior to joining the faculty of Radford University, Bruce spent over 15 years in governmental and nonprofit accounting. He began his career with the Auditor of Public Accounts and then with Coopers and Lybrand.

He served as Treasurer of Virginia Commonwealth University and later as chief financial officer of Southern Seminary College. Bruce has written numerous articles on governmental and nonprofit accounting and is a frequent speaker on these topics. He has authored two national educational courses dealing with governmental and nonprofit accounting for the American Institute of Certified Public Accountants (AICPA). He also does extensive training on governmental accounting and reporting issues. He was awarded the Association of Government Accountants' (AGA) National Education and Training Award in 2002, outstanding service award from the VGFOA in 2000 and the VSCPA's Broadus Award in 1997. The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. Auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide. The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Description For courses in governmental and nonprofit accounting. A practice-approach that prepares students for professional government and nonprofit accounting Written through the eyes of the learner, Governmental and Nonprofit Accounting prepares students for professional government, not-­for-­profit accounting practice, and the CPA exam. This comprehensive, up-to-date textbook covers state and local government, federal government, and not-for-profit organization accounting, financial reporting, and auditing, and prepares students well for real-world practice. The 11th Edition emphasizes that what students learn in the accounting classroom should correlate highly with what they must understand and apply on the CPA exam and as professional accountants.

Accounting For Dummies

Its updated content reflects recent changes that have had significant impact on the world of accounting today. A “through the eyes of the learner” approach to ordering and presenting the text helps optimize understanding and connections. Students must first master the governmental fund model required by GAAP before moving forward to understand reporting for more diverse governmental funds. Comprehensive, up-­to-­date coverage of government and not-­for­-profit accounting and reporting is included in this text. It incorporates the most recently adopted professional literature, including GASB statements and other works. Harvey City Case integration simulates the experience of accounting and reporting for a small city.

Correlation with professional practice is enhanced by using a practice-­relevant, conversion worksheet approach to develop government­-wide financial statement data. Accessible coverage of enterprise funds introduces the concepts, entries, and financial statements of enterprise funds in a simple context before delving into additional complexities, such as the use of restricted asset accounting and refundings. Practice examples and case problems integration are developed from actual state and local government financial reports in the end-­of-­chapter materials.

Cases are derived from reports of more than 40 governments including school districts such as New York City, Phoenix, and Milwaukee. A “through the eyes of the learner” approach to ordering and presenting the text helps optimize understanding and connections. Students must first master the governmental fund model required by GAAP before moving forward to understand reporting for more diverse governmental funds. Comprehensive, up-­to-­date coverage of government and not-­for­-profit accounting and reporting is included in this text. It incorporates the most recently adopted professional literature, including GASB statements and other works.

Harvey City Case integration simulates the experience of accounting and reporting for a small city. Correlation with professional practice is enhanced by using a practice-­relevant, conversion worksheet approach to develop government­-wide financial statement data. Accessible coverage of enterprise funds introduces the concepts, entries, and financial statements of enterprise funds in a simple context before delving into additional complexities, such as the use of restricted asset accounting and refundings. Practice examples and case problems integration are developed from actual state and local government financial reports in the end-­of-­chapter materials. Cases are derived from reports of more than 40 governments including school districts such as New York City, Phoenix, and Milwaukee. Table of Contents 1.

Principles Of Accounting Study Guide

Governmental and Nonprofit Accounting: Environment and Characteristics 2. State and Local Government Accounting and Financial Reporting Model: The Foundation 3. Budgeting, Budgetary Accounting, and Budgetary Reporting 4.

The General Fund and Special Revenue Funds 5. Revenue Accounting – Governmental Funds 6. Expenditure Accounting – Governmental Funds 7. Capital Projects Funds 8. Debt Service Funds 9. General Capital Assets; General Long-Term Liabilities; Permanent Funds: Introduction to Interfund-GCA-GLTL Accounting 10.

Enterprise Funds 11. Internal Service Funds 12. Trust and Agency (Fiduciary) Funds: Summary of Interfund-GCA-GLTL Accounting 13. Financial Reporting: The Basic Financial Statements and Required Supplementary Information 14.

Financial Reporting: Deriving Government-Wide Financial Statements and Required Reconciliations 15. Financial Reporting: The Comprehensive Annual Financial Report and the Financial Reporting Entity 16. Non-SLG Not-for-Profit Organizations 17.

Accounting for Colleges and Universities 18. Accounting for Health Care Organizations 19.

Federal Government Accounting 20. Auditing Governments and Not-for-Profit Organizations. About the Author(s) Robert J. Freeman, PhD, CPA, is the Distinguished Professor of Accounting Emeritus at Texas Tech University.

He served on the Governmental Accounting Standards Board from 1990 to 2000 and on its predecessor, the National Council on Governmental Accounting, from 1974 to 1980. Freeman has received the Enduring Lifetime Contributions Award from the American Accounting Association Government and Nonprofit Section, the Louisiana Tech University Tower Medallion Award, and the AICPA Elijah Watt Sells Silver Medal Award. Prior to joining the Texas Tech faculty, Dr. Freeman was on the faculties of the University of Alabama and Louisiana Tech University, and served as national director of State and Local Government Activities at Arthur Young & Company. The extensive governmental accounting, financial reporting, and auditing seminars that he has offered each summer for the past 35 years have been attended by over 20,000 participants, including some of today’s leaders whose first introduction to governmental accounting and financial reporting was in his 3-day Governmental Accounting and Financial Reporting seminar. Freeman has contributed numerous articles to professional journals, including The Journal of Accountancy, Accounting Horizons, The Government Accountants Journal, Government Finance Review, The International Journal of Governmental Auditing, and The Journal of Public Budgeting, Accounting & Financial Management.

He has served on the editorial boards of The Journal of Accountancy, Research in Governmental Accounting, The Journal of Accounting and Public Policy, and The Journal of Public Budgeting, Accounting & Financial Management. Freeman and Dr. Shoulders were co-authors of multiple editions of Practitioners Publishing Company’s three-volume practice guide, Preparing Governmental Financial Statements.

Government And Nonprofit Accounting Study Guide

Shoulders, PhD, is a professor of accounting at the University of North Carolina at Pembroke. He served on the accounting faculty at Virginia Tech for the first 22 years of his career and also taught for 3 years at Western Carolina University. In addition to being the recipient of the Cornelius E. Tierney/Ernst & Young Research Award from the Association of Government Accountants, Dr.

Shoulders has been recognized twice by the AICPA as an Outstanding Discussion Leader. He prepares and teaches continuing education courses and seminars on governmental accounting and auditing across the country and is a past president of the Roanoke Area Chapter of the Virginia Society of CPAs. Shoulders has conducted research for the GASB on the financial reporting entity and has served on GASB task forces on other projects. Shoulders coauthors several continuing education courses and for many years authored the government and not-for-profit sections of the ExamMatrix CPA Review. His articles have appeared in such journals as Issues in Accounting Education, The Journal of Accountancy, Government Finance Review, and The Journal of Government Financial Management. He received his bachelor’s degree from Campbellsville University, his master’s degree from the University of Missouri-Columbia, and his PhD from Texas Tech University.

McSwain, PhD, CPA, is an Associate Professor of accounting at Sam Houston State University. He previously served on the accounting faculties at Appalachian State University and Middle Tennessee State University. McSwain’s research has been published in Internal Auditing, Journal of Accounting Literature, Journal of Government Financial Management, and The CPA Journal, among others. He is a member of the American Accounting Association, American Institute of CPAs, Association of Government Accountants, Government Finance Officers Association, and the Texas Society of CPAs. McSwain has been teaching governmental and nonprofit accounting since 1999. He has more than 14 years of governmental accounting experience in practice, working as a staff auditor, payroll specialist, internal auditor, finance director, and accounting information systems specialist in Texas school districts.

In addition to co-authoring several academic and practitioner articles related to governmental and nonprofit accounting, Dr. McSwain co-authored annual updates to Applying Government Accounting Principles for 8 years. He received his associate’s degree from Gaston College, his bachelor’s degree from the University of North Carolina at Charlotte, his master’s degree from Tarleton State University, and his PhD from the University of Texas at Arlington. Scott is the chief financial officer/assistant city manager for the city of Carrollton, Texas. He earned a master’s degree in accounting and a bachelor of science degree in political science from Texas Tech University. Today, he combines his extensive knowledge of governmental accounting with practical knowledge of what works in practice. Scott began his career in public accounting and has served both as a Practice Fellow at the Governmental Accounting Standards Board (GASB) and as a representative to the Governmental Accounting Standards Advisory Committee.

He serves as a reviewer during revisions of Governmental Accounting, Auditing, and Financial Reporting (the “Blue Book”), is a past chair of GFOA’s Committee for Accounting, Auditing and Financial Reporting (CAAFR), and has served on the GFOA’s Executive Board. Scott serves on the AICPA State and Local Government Expert Panel, and in 2008 the AICPA named him the Outstanding CPA in Local Government.