The definitive guide to governmental GAAP compliance, fully updated for 2020 Fully updated for 2020, Wiley GAAP for Governments provides clear and accurate guidance on the accounting and financial reporting principles used by state and local governments and governmental entities. Covering the latest pronouncements issued by the Governmental Accounting Standards Board (GASB) and proposed new statements or interpretations currently outstanding, this authoritative resource is designed for real-world application--containing a disclosure checklist for financial statements, flowcharts, diagrams, and charts to ensure readers understand the technical requirements of properly applying accounting standards. The book presents an overview of governmental accounting principles, describes the types of funds used by governmental entities, and explains financial reporting for various assets, liabilities, expenditures, and revenues. In-depth chapters examine the accounting and reporting requirements for a range of specific entities, such as school districts, public employee pension funds, governmental colleges and universities, and public hospitals and healthcare providers. Topics include revenue funds, capital project funds, fiduciary funds, cash and investments valuation and disclosures, risk financing and insurance, and many others. Governmental accounting is a specialized, rapidly changing environment. Wiley GAAP for Governments 2020 is an indispensable volume for professionals in need of current information and expert guidance on preparing and auditing financial statements and maintaining compliance.