Governmental GAAP Guide 2014: For State and Local Governments

CCHs Governmental GAAP Guide analyzes all of the accounting principles for financial reporting by state and local governments. GASB Statements, GASB Interpretations, GASB Technical Bulletins, NCGA Statements, and NCGA Interpretations as well as pertinent AICPA Statements of Position and Auditing and Accounting Guides are restated in plain English and supported by timesaving examples and illustrations. In one comprehensive volume, this impressive guide explains completely the financial accounting and reporting standards that are necessary in preparing the basic external financial statements of a governmental entity. To facilitate research, major topics in the text are cross-referenced to the pertinent paragraphs of the original pronouncements. Throughout the text ""Observations"" clarify specific accounting principles. A companion publication, Governmental GAAP Practice Manual, illustrates how governmental financial statements are prepared based on the standards established by GASB-34 and beyond. This book can be used in conjunction with the Governmental GAAP Update Service.

Eric S. Berman, MSA, CPA, CGMA, has over 22 years of governmental accounting and auditing experience and is a Quality Control Partner and Principal with Brown Armstrong Accountancy Corporation, headquartered in Bakersfield, California. Eric manages the firm's Pasadena, California, office. Prior to joining Brown Armstrong, he was a Deputy Comptroller for the Commonwealth of Massachusetts from 1999 to 2010, and the Chief Financial Officer of the Massachusetts Water Pollution Abatement Trust from 1994 to 1999. Eric is a licensed CPA in Massachusetts and also holds practice privileges (with attest) in California. He obtained an M.S. in Accountancy from Bentley University. Eric represents the Association of Government Accountants (AGA) as the Vice Chairman of the Government Accounting Standards Advisory Council to GASB and chairs the AGA's Financial Management Standards Board. He also is a previous chair of the American Institute of Certified Public Accountants (AICPA) Governmental Performance and Accountability Committee and is a former member of the AICPA's State and Local Government Expert Panel. Eric is also a member of the California Society of CPAs Governmental Accounting and Auditing Committee and is past chair of the same committee for the Massachusetts Society of CPAs. He is also the founder and treasurer of a not for profit performing arts organization in Pennsylvania. Eric is frequently called upon to consult and train state and local governments throughout the country on governmental accounting and auditing.