Governmental GAAP Guide (2021) for State and Local Governments
If you are a financial professional who works with state or local government entities, it is critical to completely understand the accounting and reporting standards required for preparing the external financial statements of a government entity. Failing to understand these standards can lead to unfortunate consequences for you and the government entity. The Governmental GAAP Guide (2021) offers a clear, comprehensive explanation of governmental GAAP, covering all the accounting principles for financial reporting by state and local governments. This must-have guide for government accountants and auditors is just one of the hundreds of research-backed, professionally written publications from Wolters Kluwer.
Features of Governmental GAAP Guide (2021)
State and local government financial accounting standards can be complex, but the Governmental GAAP Guide (2021) uses plain language, examples, and illustrations to help accounting professionals understand these accounting principles fully.
The Governmental GAAP Guide includes:
- Governmental Accounting Standards Board (GASB) Statements
- GASB Interpretations
- GASB Technical Bulletins
- Releases of the National Council on Governmental Accounting (NCGA) that remain in effect as of the date of publication, including Statements and NCGA Interpretation.
The Governmental GAAP Guide (2021) also covers certain AICPA Audit and Accounting Guide concepts. It discusses current projects of the GASB, including standard-setting, a multiple-year project reexamining the financial reporting model, and a related project reexamining revenue and expense recognition principles and note disclosure.
Benefits of Using Governmental GAAP Guide (2021)
The Governmental GAAP Guide (2021) is a comprehensive explainer that’s ideal for both seasoned professionals and those who are just starting their career in governmental accounting and auditing. In addition to using plain language, the text also cross-references major topics to the pertinent paragraphs of the original pronouncements, which makes research easier and faster. Observations, or clarifications of specific accounting principles, can be found throughout the text. The easy-to-use format makes it a handy desktop reference guide. This book can also be used in conjunction with the Governmental GAAP Update Service.
Authored by Eric S. Berman, MSA, CPA, CGMA, Governmental GAAP Guide (2021) is a reliable resource for accounting professionals working with state and local governments. Eric has over 24 years of governmental accounting and auditing experience and is a Partner with Eide Bailly, LLP. He frequently trains state and local governments and is the author of the companion publication, Governmental GAAP Practice Manual (2021), which illustrates using a worksheet approach how governmental financial statements are prepared based on the standards established by GASB-34. In addition, Eric is the author of several popular basic-level government accounting and auditing self-study courses, that are available on CCH CPELink.
Order Your Governmental GAAP Guide (2021) Today
Don’t let a misunderstanding of governmental GAAP lead to dire consequences. A softcover version of Governmental GAAP Guide (2021) is available on CCH CPELink. This publication can be purchased through our Standing Order program, which ensures you always have the most recent edition as soon as it is released.
You can also browse the self-study courses and other publications offered by Eric Berman to find one that will enhance your knowledge of government accounting and auditing principles and practices today.
