Government and Not-For-Profit Accounting, With Ebook Access Code - Concepts and Practices

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.

List of contents

Preface xxiii
Common Governmental and Not-for-Profit Acronyms xxix
About the Instructor Companion Website xxxiii
1 The Government and Not- for- Profit Environment 1
2 Fund Accounting 40
3 Issues of Budgeting and Control 100
4 Recognizing Revenues 145
5 Recognizing Expenditures and Expenses 191
6 Accounting for Capital Projects and Debt Service 240
7 Capital Assets and Investments in Marketable Securities 286
8 Long- Term Obligations 328
9 Business- Type Activities 376
10 Pensions and Other Fiduciary Activities 437
11 Issues of Reporting, Disclosure, and Financial Analysis 478
12 Not- for- Profit Organizations 532
13 Colleges and Universities 595
14 Health- Care Providers 630
15 Auditing Governments and Not- for- Profit Organizations 665
16 Federal Government Accounting 711
17 Managing for Results 752
Glossary G- 1
Index I- 1

About the author

MICHAEL H. GRANOF is a Distinguished Centennial Professor of Accounting Emeritus at The University of Texas at Austin. A leading expert in governmental and not-for-profit accounting, he has authored multiple textbooks, including Financial Accounting: Principles and Issues and Accounting for Managers. He served two five-year terms on both the Governmental Accounting Standards Board (GASB) and the Federal Accounting Standards Advisory Board (FASAB). SALEHA B. KHUMAWALA is a Professor and Executive Director of the Dakri Center for Economic Inclusion at the University of Houston, specializing in governmental and not-for-profit accounting. She holds a PhD. from the University of North Carolina at Chapel Hill and has published extensively in top accounting journals. A past president of the Government and Nonprofit Section of the American Accounting Association, she is a recognized authority in her field and a dedicated educator. THAD D. CALABRESE is a Professor at New York University, where he teaches public and not-for-profit financial management. Holding a PhD in Public Administration from NYU, he has worked in government finance and as a consultant for not-for-profit organizations. He is a former member of the Governmental Accounting Standards Advisory Council and has published research in leading academic journals and co-authored several books, including Financial Management for Public, Health, and Not-for-Profit Organizations. DEAN MICHAEL MEAD is Partner and Government & Public Sector Sub-Line Leader at CRI Advisors LLC. Previously, he served for 24 years on the staff of the GASB and GASAC. He was an adjunct professor at Rutgers Business School for 13 years, where he taught government and not-for-profit accounting, auditing, and financial analysis. A Certified Government Financial Manager (CGFM), he is the author of numerous articles and books, including the GASB's award-winning user guides to financial statements, and is a nationally renowned speaker.

Product details

• Authors: Calabrese Thad D., Dean Mead, Michael H (University of Texas Austin) Khu Granof, Michael H. (University of Texas Granof, Granof Michael H., Khumawala Saleha B., Dean Mead, Michael H Granof, Saleha B Khumawala, Thad D Calabrese
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Paperback / Softback
• Release: 14.10.2025, delayed
• EAN: 9781394330447
• ISBN: 978-1-394-33044-7
• No. of pages: 864
• Subjects: Social sciences, law, business > Business > Business administration; BUSINESS & ECONOMICS / Accounting / Governmental, Public finance accounting