Wiley GAAP for Governments 2020

2FOUNDATIONS OF GOVERNMENTAL ACCOUNTING

• Introduction
• Chapter Overview
• Entities Covered by Governmental Accounting Principles
  • Distinguishing a Governmental Entity from a Not-for-Profit Organization
• Overview of the History of Governmental Accounting Standards Setting
• Objectives of Governmental Accounting and Financial Reporting
  • GASB Concepts Statement 1
  • Primary Characteristics of a Government's Structure and the Services It Provides
  • Control Characteristics Resulting from a Government's Structure
    • Use of fund accounting for control purposes
    • Dissimilarities between similarly designated governments
    • Significant investment in non-revenue-producing capital assets
    • Uncertain return on investment is considered
    • Nature of the political process
    • Users of financial reporting
    • Uses of financial reporting
    • Business-type activities
    • Accountability and interperiod equity
    • Characteristics of information in financial reporting
    • Limitations of financial reporting
• Objectives of Financial Reporting
• Communication Methods
  • Concepts Statement 3—Communication Methods in General-Purpose External Financial Reports that Contain Basic Financial Statements
• Elements of Financial Statements
  • Measurement of Elements of Financial Statements
• Hierarchy of Governmental Accounting Standards
  • GAAP Hierarchy for Governments
    • Sources of nonauthoritative accounting literature
• Codification of Certain FASB And AICPA Accounting and Financial Reporting Guidance
• Summary

INTRODUCTION

The field of governmental accounting ...