Government and not-for-profit accounting
Subtitle: concepts and practices
By: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese and Dan L. Smith
Contributors: Khumawala, Saleha B.
Edition: Seventh edition.
Publisher: Wiley
Published: 2015
Place of publication: New York
Language: eng
Number of pages: 864
ISBN-13: 9781118983270
Subjects: Nonprofit organizations; Accounting; BUSINESS & ECONOMICS / Accounting / Governmental; Public Finance; Standards
Description: "   Known for its accessible writing style and concept-based presentation, this book arms accountants with the information they'll need in their career   Provides updates for the newest standards, along with additional projects for users to complete using Sage Software   Examples and data are updated throughout the text and new discussion questions have been added to the end of each chapter.  "--

"The objectives of this, the seventh edition of Government and Not-for-Profit Accounting: Concepts and Practices, remain unchanged from those of the previous editions. Above all, the text aims to make students aware of the dynamism of government and not-for-profit accounting and of the intellectual challenges that it presents. Government and not-for-profit accounting has changed dramatically in the past few decades. For certain, the nature of governments and not-for-profit organizations and the transactions in which they engage will continue to evolve further in the future. Therefore, so too must the corresponding accounting. For the most part, the accounting issues faced by governments and not-for-profit organizations are far less tractable than those encountered by businesses. Businesses have the luxury of directing attention to profits--a metric that is relatively easy to define--inasmuch as the overriding objective of businesses is to earn a profit. Governments and not-for-profit entities, by contrast, have broader, much less clear-cut goals. They must determine not only how to measure their performance but also what to measure. Hence, the accounting profession is almost certain to be dealing with fundamental questions throughout the professional careers of today's students, and the pace of rapid change will continue unabated"--
Notes: Revised edition of Government and not-for-profit accounting, 2013.

Includes index.
Table of contents: title: Machine generated contents note:  Chapter 1 The Government and Not-for-Profit Environment Chapter 2 Fund Accounting Chapter 3 Issues of Budgeting and Control Chapter 4 Recognizing Revenues in Governmental Funds Chapter 5 Recognizing Expenditures in Governmental Funds Chapter 6 Accounting for Capital Projects and Debt Service Chapter 7 Capital Assets and Investments in Marketable Securities Chapter 8 Long-Term Obligations Chapter 9 Business-Type Activities Chapter 10 Fiduciary Funds and Permanent Funds Chapter 11 Issues of Reporting, Disclosure, and Financial Analysis Chapter 12 Not-for-Profit Organizations Chapter 13 Colleges and Universities Chapter 14 Health Care Providers Chapter 15 Managing for Results Chapter 16 Auditing Governments and Not-for-Profit Organizations Chapter 17 Federal Government Accounting .