Book Description:
ISBN-13: 9781118983270
Government and Not-for-Profit Accounting: Concepts and Practices (7th Edition) is a comprehensive guide that covers the fundamental principles and practices of accounting in the public sector and not-for-profit organizations. The book provides a detailed overview of the unique accounting standards and regulations that govern these entities, including the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB).
Readers will learn about the different types of funds used in government and not-for-profit accounting, as well as how to prepare financial statements and reports in accordance with these standards. The book also covers topics such as budgeting, revenue recognition, expenditure control, and performance measurement in the public sector.
In addition to theoretical concepts, Government and Not-for-Profit Accounting: Concepts and Practices includes practical examples and case studies to help readers understand how to apply these principles in real-world situations. Whether you are a student studying accounting or a professional working in the public sector or not-for-profit organizations, this book is an essential resource for understanding the complexities of financial reporting in these sectors.
This edition retains the full content with the added advantage of portability, allowing readers to easily access and engage with the material from any device, whether in a classroom or during fieldwork.