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Wiley GAAP for Governments 2013: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments by Warren Ruppel

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CHAPTER 9

FINANCIAL STATEMENTS PREPARED BY GOVERNMENTS

Introduction

Basic Financial Statements

Management’s Discussion and Analysis

Government-Wide Financial Statements

Basis of accounting and measurement focus

Statement of Net Assets

Statement of Activities

Expense Presentation

Revenue Presentation

Extraordinary and special items

Eliminations and reclassifications

Fund Financial Statements

Governmental Fund Balance Reporting under GASBS 34

Nonspendable Fund Balance

Restricted Fund Balance

Committed Fund Balance

Assigned Fund Balance

Unassigned Fund Balance

Fund Balance Classifications

Stabilization Agreements

Fund Balance Display on the Balance Sheet

Disclosures

Budgetary Comparison Schedules

Notes and Other Disclosures

Loans

Reimbursements

Interfund Transactions—Fund Financial Statements

Intra-Entity Transactions—Government-Wide Financial Statements

Statement of Net Assets

Statement of Activities

Intra-Entity Activity

Reporting Deferred Inflows and Outflows of Resources

Display Requirements

Statement of Net Position

Net Investment in Capital Assets Component of Net Position

Restricted and Unrestricted Components of Net Position

Financial Reporting for Governmental Funds

Disclosures

Effective Date and Transition

Refundings of Debt

Nonexchange Transactions

Imposed nonexchange revenue transactions

Government-mandated nonexchange transactions and voluntary nonexchange transactions

Sales of Future Revenues and Intra-Entity Transfers of Future Revenues

Sales of future revenues

Intra-entity ...

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