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Experience our Government Library in Accounting Research ManagerŪ (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.
Governmental GAAP Practice Manual
This title demonstrates, in a detailed manner, how a 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.
Knowledge-Based Audits™ of State and Local Governments with Single Audits
All the latest developments are featured in this updated edition of Knowledge-Based Audits™ of State and Local Governments with Single Audits. This title incorporates the concepts of the AICPA risk-based audit standards and the CCH Knowledge-Based Audit™ (KBA) methodology and tools that have been developed specifically to help implement them. The KBA methodology for state and local government audits uses a set of integrated procedures covering both the financial statement audit under GAAS and GAGAS, and the federal award compliance audit under OMB Circular A-133, from pre-engagement to evaluating and reporting. The results from each stage of the financial statement and compliance audits enables audit team members to easily view summaries of significant matters, risks, and findings discovered in the audit. This design ensures that important information about the state or local government is not overlooked.
Knowledge-Based Audits™ of State and Local Governments with Single Audits provides all of the necessary workpapers, including:
- KBA documents, which contain steps and procedures required by GAAS, GAGAS, and OMB Circular A-133;
- Audit programs that guide the auditor through related steps and procedures;
- Practice aids that help the auditor complete steps or processes outlined in other documents;
- Correspondence document templates for engagement letters and confirmation requests; and
- Auditor's report document templates for a variety of sample auditor's reports on the financial statements, internal control and compliance and other matters over financial reporting, and compliance and internal control over major federal programs.
Governmental GAAP Update Service
Navigate through changing promulgations using our twice-monthly Update Service. You'll receive 24 updates that include 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 editorial team takes 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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