Book Description
Revised and updated, Granof’s Third Edition incorporates the latest GASB pronouncements and takes a fresh look at the unique features of governmental and not-for-profit accounting. This text will help you develop a firm grasp of the theory underlying current practice, so you can quickly acquire the skills required of professional accountants and auditors. Throughout, the emphasis is on the significance of reported information and how to interpret and analyze accounting information.
The publisher, John Wiley & Sons
Unlike other government and not-for-profit (NFP) books, this one is directed at potential users rather than preparers of financial reports. It demonstrates the significance of reported information and shows users (managers, investors, taxpayers, legislators, trustees) how to interpret and analyze accounting information.
From the Back Cover
Get the latest pronouncements and practices!
Revised and updated, Granof’s Third Edition incorporates the latest GASB pronouncements and takes a fresh look at the unique features of governmental and not-for-profit accounting. This text will help you develop a firm grasp of the theory underlying current practice, so you can quickly acquire the skills required of professional accountants and auditors. Throughout, the emphasis is on the significance of reported information and how to interpret and analyze accounting information.
Text Features Illustrations of actual financial statements (City of Charlotte, North Carolina). A CD-ROM containing the comprehensive annual financial report (CAFR) of Austin, Texas and an educational version of FundBalance government accounting software. Two continuing problems: one which asks you to review and answer questions about the CAFR of Austin, Texas, and another that features a governmental accounting practice set supported by FundBalance software. Updated end-of-chapter problems, including a number of new problems. Additional and updated In Practice news items, which provide real-world illustrations of points addressed in the text. Mini-Cases and Questions, which help you build strong critical-thinking skills. Exercises for Review and Self Study, which include problems that have appeared on the CPA exam.
Get hands-on professional experience with FundBalance software!
The CD-ROM also contains an educational version of state-of-the-art fund accounting and reporting software designed by FundBalance, Inc. (www.fbwin.com). This software provides: Valuable experience in recording transactions and preparing financial statements. Familiarity with the type of software that you are most likely to encounter in modern-day governments. An overview of the entire accounting cycle.
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