Accounting for Capital Assets: A Guide for State and Local Governments
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
- Financial Statement Presentation and Disclosure
- System Design and Policies
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