Governmental And Nonprofit Accounting: Theory And Practice

by Robert J. Freeman

For undergraduate and graduate accounting courses such as governmental accounting, public sector accounting, government and nonprofit accounting, and fund accounting.governmental and nonprofit accounting 8/e provides a thorough basis for understanding the logic behind and nature of all the funds and nonfund accounts associated with governments. Its unique 4-step pedagogical approach allows students to fully grasp the accounting and reporting framework necessary before focusing on deriving the new government-wide financial statements.

Genres: Textbooks, Reference

845 pages, Hardcover

First published December 12, 1991

Reviews

[Jennifer Tse · Rating 1 out of 5]

One of the hardest textbook I have ever read. Don't know if part of it is because I had to study and work at the same time, but this book is pretty boring. It's useful and has good information, but the text is all black and white. No pictures except financial reports. I also got stuck with the most boring professor I have ever had. All he did was read from the Powerpoint that was included from the textbook's company. Ahhh, I'm so happy I'm done with this book. Every chapter took me about 2 hours to read, cause it's about 30 pages per chapter. Probably I only understood half of the materials though, cause part of the time it was so hard concentrating and keeping my eyes open... The only chapter I liked was Chap 16 Non-SLG (state local government) not-for-profit organizations.

My favorite quote is not related to accounting, haha, but is in the front page before the actual content.
"Dedicated in Loving Honor of Our Wives Beverly Freeman, Nancy Shoulders, Susan Allison, Susan Patton, and Betsy Smith. Who embody for us the declaration of the Holy Scriptures about a Virtuous Wife. For her worth is far above rubies. The heart of her husband safely trusts in her; so he will have no lack of gain. She does him good and not evil all the days of her life... Proverbs 31: 10-12."

This is most useful, ok, being kind of nerdy here:
"Contributions are a significant revenue source for most NPOs (non-profit organizations including the church). Theses entities often refer to contributions as public support. SFAS No. 116 defines a 'contribution' as follows: An UNCONDITIONAL transfer of cash or other assets to an entity or a settlement or cancellation of its liabilities in a VOLUNTARY NONRECIPROCAL TRANSFER by another entity acting other than as owner." P. 652

[Sher Marie · Rating 4 out of 5]

Glad its over. Well written for MBA level govt and non-profit accounting profesionals.