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| Preface | |
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| Introduction and Background | |
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| What Are Generally Accepted Accounting Principles? | |
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| Who Sets Generally Accepted Accounting Principles for Governments? | |
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| Do Governments Need to Comply with Generally Accepted Accounting Principles? | |
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| Why Is Governmental Accounting and Financial Reporting Different from Commercial and Not-for-Profit Accounting and Financial Reporting? | |
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| To What Entities Do Governmental Generally Accepted Accounting Principles Apply? | |
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| Basic Governmental Accounting Concepts | |
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| Understanding the Different Bases of Accounting | |
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| Understanding What Measurement Focuses Are Used by Governments | |
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| Defining and Understanding the Nature of Assets | |
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| Defining and Understanding the Nature of Liabilities | |
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| Defining and Understanding the Nature of Net Assets | |
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| Understanding Fund Accounting | |
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| Fund Fundamentals | |
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| Governmental Funds | |
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| Proprietary Funds | |
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| Fiduciary Funds | |
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| Basics of Governmental Financial Statements | |
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| General-Purpose Financial Statements | |
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| Management's Discussion and Analysis | |
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| The Basic Financial Statements | |
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| Required Supplementary Information | |
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| Comprehensive Annual Financial Report | |
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| Understanding the Reporting Entity | |
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| Background | |
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| Accountability Focus | |
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| Financial Reporting Entity Defined | |
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| Display of Component Units | |
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| Revenues from Nonexchange Transactions | |
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| Classes of Nonexchange Transactions | |
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| Accounting Requirements | |
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| Property Taxes | |
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| Income and Sales Taxes, and Other Derived Tax Revenues | |
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| Adjustments for the Accrual Basis of Accounting | |
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| Grants and Other Financial Assistance | |
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| Capital Assets | |
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| Where Are Capital Assets Recorded in the Financial Statements? | |
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| Recording and Valuing Capital Assets | |
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| Understanding Depreciation | |
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| Using the Modified Approach in Lieu of Depreciating Infrastructure Assets | |
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| The Basics of Capitalized Interest | |
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| Capital Assets Resulting from Capital Lease Transactions | |
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| Intangible Assets | |
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| Impairments of Capital Assets | |
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| Accounting for Pensions and Other Postemployment Benefits | |
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| Requirements for Defined Benefit Pension and OPEB Plans | |
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| Calculation of the ARC | |
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| Parameters for Actuarial Calculations, Including the ARC | |
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| Net Pension or OPEB Obligation | |
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| Recording Pension- and OPEB-Related Assets, Liabilities, and Expenditures/Expenses | |
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| Pension and OPEB Disclosures | |
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| Employers with Defined Contribution Plans | |
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| Sundry Accounting Topics | |
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| Accounting for Investments | |
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| Reporting Unrealized Gains or Losses | |
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| Investment and Deposit Disclosures | |
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| Compensated Absence Accruals | |
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| Landfill Closure and Postclosure Care Costs | |
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| Derivatives, Including Interest Rate Swaps | |
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| Securities Lending Transactions | |
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| Upcoming Developments in Governmental Accounting | |
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| Pension (and OPEB) Accounting-Revisited | |
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| Index | |