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Governmental and Nonprofit Accounting: Theory and Practice
This comprehensive textbook is written through the eyes of the learner to prepare them for professional government and not-for-profit accounting practice and the CPA exam.
The updated ninth edition now includes information on new GASB Statement 54, Fund Balance Reporting and Governmental Fund Type Definitions .
The updated ninth edition now includes information on new GASB Statement 54, Fund Balance Reporting and Governmental Fund Type Definitions .
849 pages, Hardcover
First published December 12, 1991
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Displaying 1 - 2 of 2 reviews
February 9, 2011
One of the hardest textbook I have ever read. Don't know if part of it is because I had to study and work at the same time, but this book is pretty boring. It's useful and has good information, but the text is all black and white. No pictures except financial reports. I also got stuck with the most boring professor I have ever had. All he did was read from the Powerpoint that was included from the textbook's company. Ahhh, I'm so happy I'm done with this book. Every chapter took me about 2 hours to read, cause it's about 30 pages per chapter. Probably I only understood half of the materials though, cause part of the time it was so hard concentrating and keeping my eyes open... The only chapter I liked was Chap 16 Non-SLG (state local government) not-for-profit organizations.
My favorite quote is not related to accounting, haha, but is in the front page before the actual content.
"Dedicated in Loving Honor of Our Wives Beverly Freeman, Nancy Shoulders, Susan Allison, Susan Patton, and Betsy Smith. Who embody for us the declaration of the Holy Scriptures about a Virtuous Wife. For her worth is far above rubies. The heart of her husband safely trusts in her; so he will have no lack of gain. She does him good and not evil all the days of her life... Proverbs 31: 10-12."
This is most useful, ok, being kind of nerdy here:
"Contributions are a significant revenue source for most NPOs (non-profit organizations including the church). Theses entities often refer to contributions as public support. SFAS No. 116 defines a 'contribution' as follows: An UNCONDITIONAL transfer of cash or other assets to an entity or a settlement or cancellation of its liabilities in a VOLUNTARY NONRECIPROCAL TRANSFER by another entity acting other than as owner." P. 652
My favorite quote is not related to accounting, haha, but is in the front page before the actual content.
"Dedicated in Loving Honor of Our Wives Beverly Freeman, Nancy Shoulders, Susan Allison, Susan Patton, and Betsy Smith. Who embody for us the declaration of the Holy Scriptures about a Virtuous Wife. For her worth is far above rubies. The heart of her husband safely trusts in her; so he will have no lack of gain. She does him good and not evil all the days of her life... Proverbs 31: 10-12."
This is most useful, ok, being kind of nerdy here:
"Contributions are a significant revenue source for most NPOs (non-profit organizations including the church). Theses entities often refer to contributions as public support. SFAS No. 116 defines a 'contribution' as follows: An UNCONDITIONAL transfer of cash or other assets to an entity or a settlement or cancellation of its liabilities in a VOLUNTARY NONRECIPROCAL TRANSFER by another entity acting other than as owner." P. 652
July 8, 2012
Glad its over. Well written for MBA level govt and non-profit accounting profesionals.
Displaying 1 - 2 of 2 reviews