Introduction
The book Accounting for Governmental & Nonprofit Entities revolves around the significance of accounting for the Governments and other non-profit organizations. However, this guide book elaborates various theories and its practical usage in our daily lives.
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| Book | Accounting for Governmental & Nonprofit Entities |
| Publisher | McGraw Hill |
| Author | Jacqueline L Reck |
| Publication Date | 2018 |
| Pages | 803 |
| Genre | Accounting Book |
| Language | Engliah |
| Size | 32.1 MB |
Accounting for Governmental & Nonprofit Entities – Chapters
This book has the following chapters:
| S#N.O | Chapter Number | Chapter Names |
| 1 | Chapter 1 | Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Entities Part One: State and Local Governments |
| 2 | Chapter 2 | Principles of Accounting and Financial Reporting for State and Local Governments |
| 3 | Chapter 3 | Governmental Operating Statement Accounts Budgetary Accounting |
| 4 | Chapter 4 | Accounting for Governmental Operating Activities-Illustrative Transactions and Financial Statements |
| 5 | Chapter 5 | Accounting for General Capital Assets and Capital Projects |
| 6 | Chapter 6 | Accounting for General Long-term Liabilities and Debt Service |
| 7 | Chapter 7 | Accounting for the Business-Type Activities of State and Local Governments |
| 8 | Chapter 8 | Accounting for Fiduciary Activities-Agency and Trust Funds |
| 9 | Chapter 9 | Financial Reporting of State and Local Governments Part Two: Accountability for Public Funds |
| 10 | Chapter 10 | Analysis of Governmental Financial Performance |
| 11 | Chapter 11 | Auditing of Governmental and Not-for-Profit Organizations |
| 12 | Chapter 12 | Budgeting and Performance Measurement Part Three: Not-for-Profit Organizations and the Federal Government |
| 13 | Chapter 13 | Accounting for Not-for-Profit Organizations |
| 14 | Chapter 14 | Not-for-Profit Organizations-Regulatory, Taxation, and Performance Issues |
| 15 | Chapter 15 | Accounting for Colleges and Universities |
| 16 | Chapter 16 | Accounting for Health Care Organizations |
| 17 | Chapter 17 | Accounting and Reporting for the Federal Government Glossary Governmental and Not-for-Profit Organizations Index |
Summary/Plot
For over 60 years, the guide book called Accounting for Governmental & Nonprofit Entities has been at the top list for learning about accounting in the public and non-profit sector. However, the students and other professionals can learn more audit and finance. On the other hand, it was initially published in 1951 and it has also many updates. Moreover, these up-dates have given students and teachers a deep understanding about how accounting plays a vital role in the government and private sector. It also assist the professional about how to make a helpful financial statements and decisions.
Double Track Approach
One of the most significant features of this guide is its Double Track Approach. On this way, the readers can read everything in a detailed manner. The author of this book divided the information into two separate sections which can assist us to understand the financial reporting rules for each organization.
Build Learning Skills Through Computerized Practices
This guide contains different computerized programs that can help us to understand several complicated methods and concepts of governmental accounting in an easy way. Moreover, the writer introduces two separate programs. So, the employees can easily achieve their given governmental accounting tasks. On the other hand, now, the readers can also understand and access the several governmental accounting principles.
Auditing and Performance management
It elaborates the financial reporting of the governmental and non-profit organizations. So, these approaches can assist the students and other professionals to access the effectiveness and efficiency of governmental and other non-profit organizations.
Writing Style
Jacqueline L Reck adopts a descriptive and engaging writing style in his book Accounting for Governmental & Nonprofit Entities. Her writing style is easy to access and understand. However, the author uses simple words and language to balance the pace and tone of plot-lines.
Furthermore, the writer encourages the readers to think critically and allow them to come-up with their own predictions about the future of this book. She elaborates the whole methods and ideas of auditing, performance and different ways of accounting for Governmental and non-profitable organizations in an accurate manner.
Additionally, the writer avoids irrelevant jargons and complicated vocabularies, aimed to convey his core ideas and messages in an easier way. She includes various real-life examples and other practical activities to further elaborate the aspects and features of accounting for Governmental and Non-Profitable organizations.
Major Receptions
The book Accounting for Governmental & Nonprofit Entities has received generally positive comments and reviews from its readers and critics upon its publication. This book was venerated for its in-depth examples, step by step elaboration and practical activities.
Furthermore, it was also awarded for its engaging writing style, interesting plot-lines and satisfactory opening and closing points. This book has been sold millions of copies since its publication and it also has been translated into different other languages worldwide.
Key Features of Accounting for Governmental & Nonprofit Entities
Accounting for Governmental & Nonprofit Entities has the following Key Features.
Inclusive Approach
It elaborates overall parts of accounting for both the government and non-profit organizations. On this way, the students and other professionals can get a wide spread knowledge from this book.
Define Fund Accounting
This guide talks about the fund accounting in an accurate manner. Additionally, Fund Accounting play a vital role for both the government and non-profit organizations.
Explain GASB
The author of this guide defines the newest rules and guidelines from the Governmental Accounting Standards Board. However, the writer also defines the whole aspects and features of GASB step by step through different chapters, aimed to convey his core ideas about GASB in a detailed way.
Elaboration of FASB
It further elaborates the various rules and guidelines of Financial Accounting Standards Board. Moreover, FASB plays a vital role for the non-profit Organizations. The author also defines the overall features and aspects related to FASB through different sections that the readers can easily enhance their skills without facing troubles.
Different Theories and Practices
However, the author includes several theories and practical examples to further elaborate the rules and principle of Accounting for Governmental & Nonprofit Entities. Additionally, the readers can enhance their skills and abilities through these practical and life-related examples and case-studies.
Different Learning Resources
This guide gives us several learning tools and other helpful resources such as chapter summaries, researches, practical questions, practice problems and other online resources. However, the readers can get more about accounting and its fundamentals for government and non-profit organizations in a simple but detailed manner.
Easily Accessible
The writer of this book defines each aspect and features in an easy way that can attract a huge number of readers worldwide. Moreover, its in-depth plot-lines and engaging writing style can also accelerate the interest and understanding level of all kind of readers worldwide. Whether you are a professional or just beginner, Accounting for Governmental & Nonprofit Entities can assist you as per your needs.
Benefits of Learning Accounting for Governmental & Nonprofit Entities
Accounting for Governmental & Nonprofit Entities has the following benefits.
- The students and other professional can enhance their learning capacities through its two separate ways of learning and computer practice activities.
- Through the different accounting tasks and other practices, the students and other professionals can learn more when they work in government or nonprofit jobs later on.
- The writer of this book elaborates all features and ideas of auditing and performance measurement in a simple but detailed manner. The graduated students and other professionals can better perform in the different sections of Government and other Non-Profit organizations through learning both auditing and performance measurement.
About Author
Jackie L Reck is a professor at the Lynn Pippenger School of Accountancy. However, she teaches accounting for government and non-profit organizations. Additionally, Jackie develops several researches regarding the government organizations, auditing and how different organizations can use non-financial information’s. She received an award from the American Accounting Association for her significant contribution in the field of accounting in 20202. Furthermore, her popular books are “Loose-Leaf for Accounting for Governmental & Nonprofit Entities”, “Premium Content Card for Smithville” and “Governmental and Nonprofit Accounting ACCTG 434 Kansas State University”.
Final Thoughts
Accounting for Governmental & Nonprofit Entities is a significant book for students, teachers and other professionals who are serving in Government and other non-profitable Organizations. Furthermore, this guide book gives us different helpful practices, in-depth examples and other helpful resources that the readers can enhance accounting related skills in an easy way.
If you are looking for a book like it, don’t waste your time, just grab it and read what you need. This book is suitable for students and employees of Government and non-profitable organizations. I recommend this book to all of them who love to read accounting related books.
FAQs
What is accounting for non profit organization?
- Planning: In this process they find out how much money the nonprofit will need to achieve its goals.
- Recording: They are keeping tabs on where the money comes from such as donations, grants and how it’s spent such as programs, rent, salaries.
- Reporting: The officials of non profit organization are letting the donors, funders, and the public know how the money is being used and what impact the nonprofit is having.
The profit businesses that focus on how to make valueable a profit but nonprofits focus on using their money to fulfill their mission. Nonprofit accounting helps ensure that the money is used wisely and according to donors’ wishes.
What is NFP in accounting?
NFP stands for Not-for-Profit.
Who follows GAAP?
The public companies in the U.S are follow GAAP.