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Experience our new Government Library in Accounting Research Manager® (ARM). Upgrade your current Accounting Research Manager subscription to access our expansive governmental guidance.
THE LIBRARY PROVIDES:
AUTHORITATIVE LITERATURE
> GASB (Governmental Accounting Standards Board) Statements & Interpretations, Technical Bulletins, Implementation Guides & related proposal stage literature
> GAO (Government Accountability Office) Governmental Auditing Standards, Financial Audit Manual
> OMB (Office of Management and Budgets) Circulars, Compliance Supplements
ARM INTERPRETIVE TITLES
Governmental GAAP Guide
Financial professionals who work with state and local governments must stay current with emerging governmental standards or face some unfortunate consequences. This one-of-a-kind tool discusses all the promulgated accounting principles applicable to financial reporting by state and local governments. Governmental GAAP Guide delivers a thorough analysis of GASB Statements (including the watershed GASB Statement 34), GASB Interpretations, GASB Technical Bulletins, NCGA Statements, NCGA Interpretations, and certain AICPA Statements of Position and Auditing and Accounting Guides. Everything has been analyzed and restated in plain English and is supported by timesaving examples and illustrations. It also includes a chapter Cross-Reference to the authoritative literature and has been technically reviewed.
Governmental GAAP Practice Manual
This title demonstrates, in a detailed manner, how governmental entity can implement the complex standards established by GASB-34 through a worksheet approach. (A companion publication, Governmental GAAP Guide, discusses financial accounting and reporting standards necessary to prepare the basic external financial statements of a governmental entity.) The emphasis of Governmental GAAP Practice Manual is on the process of preparing financial statements.
Chapter 1 of the Governmental GAAP Practice Manual provides a detailed analysis of the interrelationship between the modified accrual basis of accounting and the accrual basis of accounting. Included is a comprehensive checklist of transactions and events that typically require a worksheet entry. Starting in Chapter 2 is a comprehensive illustration that continues through the remaining chapters of the title. For governmental funds, a variety of transactions are illustrated and journalized in Chapters 2 through 6, which result in a year-end trial balance for each individual fund based on the modified accrual basis of accounting. In Chapter 14, these trial balances are used as the basis for developing the information needed to prepare the fund financial statements. Chapter 16 illustrates the worksheet methodology for converting the information to the accrual basis.
Local Government Audits and Single Audits
All the latest developments are featured in this updated edition of Local Government Audits and Single Audits, including critical discussion of GASB 34, its directives on making the transition, and procedures for the interim period. With the guidance contained in this book, CPAs can perform accurate, cost-effective government audits more profitably than ever before. This modern, compact reference clarifies all audit procedures and regulations for state and local governments, providing CPAs with complete guidance through planning, strategy, implementation, and reporting.
Local Government and Single Audits will quickly become your best friend on complex government engagements. You’ll learn the up-to-the-minute audit procedures and regulations for local governments.
CONTENTS
> All new report examples assuming GASB-34 implementation
> GASB-34 major fund worksheet
> GASB-34 materiality flowchart using the new AICPA definitions of “Materiality Units”
> GASB-34 materiality worksheet for auditors
> Expanded discussion of GASB-33 and GASB-36 on Nonexchange Transactions and the effect on GASB-34
> Updated through GASB-45
> Expanded discussion of the MD&A and the auditor’s responsibilities for it
> Expanded discussion of the various financial statements required by GASB-34
> Extensive discussion on auditing capital assets, including infrastructure assets
Governmental GAAP Update Service
Navigate through changing promulgations using our twice-monthly Update Service. You'll receive 24 updates that includes restatements and analyses of late-breaking GASB Statements, Interpretations, and Exposure Drafts.
UPDATE TOOLS
Weekly Summary e-mail alerts—The most current developments in financial reporting, conveniently emailed to you at the end of each business week so that you can quickly learn of topics that could affect your company.
The ARM Daily News—Each day, our expert staff will choose key accounting, auditing, international, regulatory (e.g., SEC) and governmental news that may affect your organization, and bring them directly to your desktop by e-mail. In addition to clear and concise news reporting, where appropriate, links will be provided to ARM’s exclusive deeper analyses of the developments and to the relevant source materials.
Because timing is everything.
Accounting Research Manager dramatically expands your department’s research capabilities. It’s like adding your own staff of researchers whose sole purpose is to track important accounting developments for you. Our outstanding team of content editors take pride in updating the system on a daily basis, so you stay as current as possible.
What’s more, our experts attend many standard setter meetings and summarize the results to you. Which means, you’ll learn of newly released literature and deliberations of current financial reporting projects as soon they occur!
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