Governmental Gaap Disclosures Manual 2019

Wolters Kluwer's 2019 Governmental GAAP Disclosures Manual is a new edition that assists practitioners in the preparation of state and local governmental GAAP financial statement disclosures. The Manual should be used in conjunction with the latest edition of Wolters Kluwer’s Governmental GAAP Guide for State and Local Governments and Governmental GAAP Practice Manual. Practitioners are advised to use the same year of each volume to provide a complete, timely discussion of the topic in question. Practitioners are also cautioned to only use these disclosures as guides and align their entity’s own particular note disclosure to fit the nature of the entity’s operations. The Manual is organized in the same order as the Governmental Accounting Standards Board’s (GASB’s) Codification of Governmental Accounting and Financial Reporting Standards (the GASB Codification Section (GASB Cod Sec) 2300, and other related sections that are germane to particular topics. The GASB Codification is most practical in organizing disclosure. Specifically, the Manual contains over 100 examples of practical sample note disclosures to assist in the preparation of financial statements for various general governments, a small college, a state lottery that is a component unit, or a fiduciary activity engagement (statewide public employee retirement system). The Manual facilitates compliance with governmental U.S. generally accepted accounting principles (U.S. GAAP) by integrating the specific disclosure requirements with the sample notes; and incorporates all currently effective accounting standards, including those that cover areas of unusual difficulty. Specifically, the Manual contains over 100 examples of practical sample note disclosures to assist in the preparation of financial statements for various general governments, a small college, a state lottery that is a component unit, or a fiduciary activity engagement (statewide public employee retirement system). The Manual facilitates compliance with governmental U.S. generally accepted accounting principles (U.S. GAAP) by integrating the specific disclosure requirements with the sample notes; and incorporates all currently effective accounting standards, including those that cover areas of unusual difficulty. The Manual is accompanied by a governmental financial statement disclosures checklist that provide a centralized resource of the required and recommended U.S. GAAP disclosures and key presentation items currently in effect.

Eric S. Berman, MSA, CPA, CGMA, has over 26 years of governmental accounting and auditing experience and is a Partner with Eide Bailly LLP. Previous to Eide Bailly LLP, he was a quality control principal with a public accounting firm in California. Eric is the author of the Governmental Library for CCH. The Government Library also offers in-depth, interpretive guidance. In addition to this Governmental GAAP Practice Manual, users can access CCH’s Governmental GAAP Guide, Knowledge-Based AuditsTM of State and Local Governments with Single Audits, and the Governmental GAAP Update Service. Eric’s public sector experience includes being a Deputy Comptroller for the Commonwealth of Massachusetts from 1999 to 2010, and the Chief Financial Officer of the Massachusetts Water Pollution Abatement Trust from 1994 to 1999. Eric is a licensed CPA in Massachusetts. He obtained an M.S. in Accountancy from Bentley University. Eric recently represented the Association of Government Accountants (AGA) as the Vice Chairman of the Government Accounting Standards Advisory Council to GASB. He currently chairs the AGA’s Audit Committee and has previously chaired and continues to serve on the AGA’s Financial Management Standards Board. He also is a previous chair of the American Institute of Certified Public Accountants (AICPA) Governmental Performance and Accountability Committee and is a former member of the AICPA’s State and Local Government Expert Panel. Eric is currently a member of the GASB’s task force reexamining the financial reporting model for state and local governments and has served on previous GASB task forces and working groups assisting in the development of standards. Eric is also a past member of the California Society of CPA’s Governmental Accounting and Auditing Committee and is past chair of the same committee for the Massachusetts Society of CPAs. He was also the founder and treasurer of a not-for-profit performing arts organization in Pennsylvania. Eric is frequently called upon to consult and train state and local governments throughout the country on governmental accounting and auditing.