Government and Not-for-Profit Accounting

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.