Accounting for Capital Assets: A Guide for State and Local Governments

Author: 
Stephen J. Gauthier
Year Published: 
2008
Description: 

Accounting for Capital Assets: A Guide for State and Local Governments should prove an invaluable resource. The book includes 10 chapters that cover the gamut of capital asset-related issues:

  • Capital Assets: Definition, Accounting Function, Types, and Basic Information Requirements
  • Basic Accounting
  • Major Asset Classes
  • Capitalizable Costs
  • Valuation of Capital Assets for Financial Reporting Purposes
  • Impairments
  • Depreciation¬†
  • Financial Statement Presentation and Disclosure
  • System Design and Policies
  • Inventorying

Each chapter is immediately followed by a handy "chapter in brief" summary and a series of multiple-choice questions (with answers and explanations provided in an appendix). The book also provides an extensive set of sample journal entries illustrating a wide range of situations, from transactions with outside parties to internal activity within the primary government. Readers also can take advantage of a detailed index, which makes access to exactly the right information both quick and easy, as well as of a full glossary.

Softbound. 204 pp.
LOC no. 2008936226
ISBN 978-0-89125-298-6



ISBN: 
978-0-89125-298-6
Member Price: 
$40.00
Non-Member Price: 
$60.00

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