GASB Statement No. 53, Accounting and Financial Reporting for Derivative Instruments, (GASB 53) significantly altered U.S. governmental sector accounting of derivative instruments by mandating the recognition of hitherto off-balance sheet derivative instruments in the government-wide statement...

"The objectives of this, the ninth edition of Government and Not- for- Profit Accounting: Concepts and Practices, remain unchanged from those of the previous editions. Above all, the text aims to make students aware of the dynamism of government and not- for- profit accounting and of the...

The government and not-for-profit environment -- Fund accounting -- Issues of budgeting and control -- Recognizing revenues in governmental funds -- Recognizing expenditures in governmental funds -- Accounting for capital projects and debt service -- Capital assets and investments in marketable...