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9780470390788

Government and Not-for-Profit Accounting: Concepts and Practices

Granof, Michael H.; Khumawala, Saleha B. Author

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Known for its accessible writing style and concept-based presentation, this book arms accountants with critical information that accountants will be able to apply throughout their careers. New coauthor Saleha Khumawala brings a fresh voice to make the content even more engaging in the new edition. Emphasis is placed on real world applications to clearly demonstrate the relevance of the material. New chapters are included on health care organizations and colleges and universities. In addition, numerous new examples are integrated throughout the chapters with new CAFR references to give accountants a stronger grasp of the concepts.

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From the Publisher:

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:

Orlando Science Center (featured on the cover of this text) is not only a highly successful not-for-profit organization, it's also located in the first city to incorporate the latest GASB pronouncements!

REVIEW ORLANDO'S COMPREHENSIVE ANNUAL FINANCIAL REPORT ON CD-ROM

Now packaged with a free CD-ROM containing Orlando's comprehensive annula financial report (CARF) for 2000, Granof's Second Edition of GOVERNMENT AND NOT-FOR-PROFIT ACCOUNTING takes a fresh look at the unique features of governmental and not-for-profit accounting. The new edition is also completely revised and updated with:

  • The latest GASB pronouncements through Statement No. 36 and Interpretation No. 6
  • The new accounting model, which is integrated throughout the text
  • Recent updates to the Single Audit Act and Federal Accounting Standards Advisory Board pronouncements

You can use the accompanying CD-ROM to search Orlando's CAFR, to obtain hands-on experience in reviewing and analyzing data, and to solve the continuing problem that appears at the end of every chapter in the book.

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