Governmental GAAP Guide (2025) (2024)

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Published: August 12, 2024

Author(s): Eric S. Berman

Format: Print Book

Product ID: 10016980-0017

ISBN: 9780808060277

Keeps financial professionals who work with state and local governments current with emerging governmental standards.

$835.00

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Overview

Wolters Kluwer's Governmental GAAP Guide keeps financial professionals who work with state and local governments current with emerging governmental standards. These financial professionals must stay current or face unfortunate consequences. The Wolters Kluwer Governmental GAAP Guide analyzes all the accounting principles for financial reporting by state and local governments.

These include:

  • GASB Statements
  • GASB Interpretations
  • GASB Technical Bulletins
  • Releases of the National Council on Governmental Accounting (NCGA) that remain in effect as of the date of publication, including Statements and NCGA Interpretations

The Wolters Kluwer Governmental GAAP Guide also covers certain AICPA Audit and Accounting Guide concepts. The author discusses and restates these standards in plain English and supports them with 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, the text cross-references major topics 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, Basic Financial Statements— and Management’s Discussion and Analysis—for State and Local Governments, and beyond.

The Wolters Kluwer Governmental GAAP Guide also discusses current projects of the GASB, including standard-setting, a multiple-year project reexamining the financial reporting model, and a related project reexamining revenue and expense recognition principles and note disclosure.

This book can be used in conjunction with the Governmental GAAP Update Service.

All CCH® Publication purchases are considered final sale. If your order arrived damaged or was lost in transit please call 800-344-3734 Monday-Friday, 8 a.m. to 5 p.m. CT. to request a replacement.

Product Details

More Information
Contributors Eric S. Berman
Product Type Publications
ISBN 9780808060277
Format Print Book

About the author(s)

Eric S. Berman

Eric S. Berman, MSA, CPA, CGMA, currently serves on the Association of Government Accountants (AGA)’s Finance and Budget Committee and is the national Treasurer – Elect for the AGA. He recently represented the AGA as the Vice Chairman of the Government Accounting Standards Advisory Council to the GASB. He also chaired the AGA’s Audit Committee and previously, the AGA’s Financial Management Standards Board. He also was a previous chair of the American Institute of Certified Public Accountants’ (AICPA’s) Governmental Performance and Accountability Committee and is a former member of the AICPA’s State and Local Government Expert Panel. Eric is currently a member of the GASB’s task force reexamining the state and local governmental financial reporting model and has served on previous GASB task forces and working groups assisting in the development and implementation of standards.Eric is also a past 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 was 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.

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Governmental GAAP Guide (2025) (2024)

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