Federal Accounting Handbook: Policies, Standards, Procedures, Practices, Second Edition

  • 8h 29m
  • Cornelius E. Tierney, et al.
  • John Wiley & Sons (US)
  • 2007

For the first time in decades, federal accounting practices have been altered by significant changes imposed by Congress and regulatory agencies, as well as by the establishment in 1990 of the Federal Accounting Standards Advisory Board (FASB). These changes affect the hundreds of thousands of people involved on a daily or repeated basis with planning, budgeting, accounting, processing, and reporting on the activities of federal government programs, including the beneficiaries of federal loans and loan guarantees. Knowledge of how to "keep the books straight" is vital to anyone conducting such business. Here is the only book to encompass all the recent revisions including the changes by the new FASB and the Chief Financial Officers Act.

Written in non-technical language for both the professional and nonprofessional, Wiley Federal Accounting Handbook provides all you need to know about the what, why, when, and how of federal financial management, including:

  • The federal budget—process, phases, and concepts
  • Contracts and grants
  • Nonappropriated funds activities
  • Costing of entities, programs, and activities
  • Interagency expenditures, receipts, transfers, reimbursements, and refunds
  • Assets, liabilities, and net entity position
  • And much more

Essential Information for:

  • federal program managers and analysts
  • financial managers and budget analysts
  • auditors and accountants
  • legislators and their staffs
  • academics, researchers, and students
  • anyone doing business with the federal government

In this Book

  • Financial Management Legislation and Policy
  • The Chief Financial Officers Act of 1990
  • The Federal Budget
  • Accounting Events of the Federal Government
  • Budgetary and Proprietary Accounting Practices
  • The Department of the Treasury
  • Federal Financial and Information Systems
  • Federal Financial Statements
  • Pay, Leave, and Allowances, and Travel and Transportation
  • Contracts
  • Interagency and Other Expenditures, and Receipts, Transfers, Reimbursements, and Refunds
  • Assets, Liabilities, and Net Entity Position
  • Nonappropriated Fund Activities
  • Costing Federal Entities, Programs, and Activities
  • Grants
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