EQUIPS STUDENTS THE FOUNDATION NEEDED TO MASTER GOVERNMENT AND NOT-FOR-PROFIT ACCOUNTING
Government and Not-for-Profit Accounting: Concepts and Practices, Tenth Edition, adds former GASB Assistant Director, Dean Michael Mead, as an author. The fully revised tenth edition provides a comprehensive, up-to-date guide to the accounting and financial reporting standards that shape the public and not-for-profit sectors. Written by leading experts-including those directly involved in setting the standards-this textbook not only explains the technical requirements but also delves into their purpose, implications, and real-world applications.
Emphasizing concepts over rote memorization, Government and Not-for-Profit Accounting develops critical-thinking skills that enable students to analyze financial statements, interpret key reports, and make informed decisions in the dynamic world of public sector and not-for-profit finance.
Designed for undergraduate and graduate courses in governmental and not-for-profit accounting, financial analysis, performance management, and auditing, Government and Not-for-Profit Accounting is ideal for students pursuing degrees in accounting, public administration, or not-for-profit management. It is also a valuable resource for executive education programs and in-house training for professionals working in government and not-for-profit sectors.
NEW TO THIS EDITION
Incorporates the latest GASB, FASB, FASAB, AICPA, OMB, and GAO standards through 2024 Updates discussions on GASB's financial reporting model and the most recent FASB ASUs Expands coverage of government grant accounting for not-for-profit organizations Adds insights on infrastructure reporting and severe financial stress disclosures Includes new content on ESG, climate change, and cybersecurity in public-sector accounting References the GASB Codification and introduces the Governmental Accounting Research System to give students modern tools for using the standards Enhances "In Practice" features with real-world examples relevant to current issues Introduces expanded discussions on federal financial management and reporting Updates material on AICPA quality management standards and auditing practices Encompasses the latest editions of the GAO's Yellow Book and Green Book and the OMB's Uniform Guidance Features new CPA and CGFM exam-aligned exercises and practice questions
WILEY ADVANTAGE
Emphasizes the rationale behind accounting standards, encouraging deeper understanding and critical evaluation Integrates real-world case studies and financial reports to enhance practical application Strengthens critical thinking skills through analysis, interpretation, and problem-solving exercises Aligns with CPA and CGFM exam content to support professional certification preparation Features a continuing problem that requires students to examine real financial reports Offers numerous review questions, practice sets, and exercises to reinforce key concepts
AN INTERACTIVE, MULTIMEDIA LEARNING EXPERIENCE
This textbook includes access to an interactive, multimedia e-text. Icons throughout the print book signal corresponding digital content in the e-text.
Short Videos created by the authors review key material, walk students through complex topics, and offer background for major pronouncements. Downloadable Spreadsheets and Files allow students to analyze actual financial statements. Interactive Self-Scoring Quizzes provide basic assessment with immediate feedback for each learning objective.
