PPC's Guide to Preparing Governmental Financial Statements is your one source for answering all of your questions on applying GAAP to a government. Not only does it answer your questions concerning implementing and reporting under GASBS No. 34, it covers all GASB Statements, Interpretations, and Technical Bulletins; NCGA Pronouncements; and relevant AICPA material.
The Guide is a hands-on resource that discusses and illustrates these accounting standards and can best be described as a governmental GAAP Guide. Both government accounting professionals and auditors will save countless research hours by using the topical format, comprehensive disclosure checklist, and numerous illustrations and practical considerations to quickly resolve perplexing governmental accounting and reporting issues. New this year is an introduction to each topic—labeled THE BASICS—that can be used as a quick reference for those already familiar with the topic.
Using this Guide, you can skillfully prepare financial statements in accordance with GAAP. When adopted by a firm or governmental entity, the Guide can also provide consistency in style, format, and technical quality of governmental financial statements. This Guide takes preparers from basic revenue and expenditure/expense recognition issues to fund trial balances to completed basic financial statements (including notes), management's discussion and analysis, and required supplementary information. It also covers the unique issues associated with reporting infrastructure assets as well as reporting issues associated with school districts and other special-purpose governments—all including illustrations. The Guide also addresses the requirements for presenting a comprehensive annual financial report (CAFR), and includes illustrative CAFRs.