For use in Governmental Accounting, Not-for-Profit Accounting and Public Administration courses.

 

Ives, 6/e presents a comprehensive, practical, clearly written, and updated approach to governmental and not-for-profit financial accounting.

Accounting in the Real-World

 

To prepare for the practice of accounting, auditing, and financial management, students need both a good conceptual background in accounting theory and an understanding of its application in the real world.  The author have increased usage of real world examples with illustrations such as:

 

• Chapters 9, 10, and 14 on governmental financial reporting and financial statement analysis use the actual 2005 financial statements prepared by Grafton, Wisconsin.
• Chapters 13 and 14 on hospital accounting and statement analysis are illustrated with current financial statements of Hudson Valley Hospital Center.
• Chapter 12 on non-for-profit accounting has Fordham University’s financial statements.

 

Extensive Coverage on Budgeting

 

Chapter 3 on governmental budgeting has been extensively revised by reducing coverage of budget preparation and incorporating into that chapter a discussion of the budgetary accounting journal entries and the scheme of revenue and expenditure classification.  To build on these ideas further:

 

• Chapter 4 adds a simpler series of revenue and expenditure transactions to the basic budgetary journal entries
• Chapter 5 covers many transactions that affect General and Special Revenue Funds.

 

Newly Issued GASB Standards

 

All chapters have been revised to reflect the Financial Accounting Standards Advisory Board and the Financial Accounting Standards Board.  Coverage of the newly issues GASB standards include:

 

·        Post-employment health care benefits and statistical reporting

·        Chapter 10 has been revised since GASB Statement No. 34 was implemented.  It now covers how conversion from fund level financial statements to government wide statements takes into account opening balances and transactions during the year

 

Not-For-Profit and Hospital Accounting

 

This text provides extensive coverage of the unique aspects of accounting and financial reporting for not-for-profit entities, including hospitals to prepare students for potential careers in the field.

 

·        Chapter 12 covers accounting for the various types of contributions received by not-for-profit entities, as well as the requirements established by the Financial Accounting Standards Board for reporting net classification.

·        Chapter 13 covers matters relevant to not-for-profit and governmental hospitals, including accounting for patient service revenues, malpractice claims, and investments.

 

Financial Statement Analysis

 

Accounting and public administration students need to understand not only how accounting information is gathered and reported, but also how it is used.  A full chapter on financial statement analysis includes:

 

·        A discussion of financial statement analysis indicators, which are generally applicable to governmental, not-for-profit hospital, and other not-for-profit organizations.

The calculation of the indicators for a not-for-profit hospital and a government, using the same “real world” financial statements used in Chapters 9 and 10 (Village of Grafton, Wisconsin) and in Chapter 13 (Hudson Valley Hospital Center).

 

View a Sample Chapter PDF:

  

Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students, contact your Pearson Higher Education representative for pricing and ordering information.

Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students contact your Pearson Higher Education representative.