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Government and Not-for-Profit Accounting: Concepts and Practices, 5th Edition

September 2012, ©2011
Government and Not-for-Profit Accounting: Concepts and Practices, 5th Edition (EHEP001502) cover image


Granof’s Fifth Edition is revised and updated with a new expanded TOC and added emphasis on real world applications. The text contains the latest GASB pronouncements, aiming to make students aware of the dynamism of government and not-for-profit accounting and of the intellectual challenges that it presents.

Almost all issues addressed in this text—revenue and expense recognition, asset and liability valuation, the scope of the reporting entity, reporting cash flows, etc. —have counterparts in business accounting. By emphasizing concepts, rather than rules and procedures, the text ensures that students will gain insight into how and why the issues may have been resolved either similarly or differently in the business sector. So, unlike other government and NFP accounting texts, Granof 5e is directed for both potential users and preparers of financial reports. 

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Table of Contents

Chapter 1 The Government and Not-for-Profit Environment.

Chapter 2 Fund Accounting.

Chapter 3 Issues of Budgeting and Control.

Chapter 4 Recognizing Revenues in Governmental Funds.

Chapter 5 Recognizing Expenditures in Governmental Funds.

Chapter 6 Accounting for Capital Projects and Debt Service.

Chapter 7 Capital Assets and Investments in Marketable Securities.

Chapter 8 Long-Term Obligations.

Chapter 9 Business-Type Activities.

Chapter 10 Fiduciary Funds and Permanent Funds.

Chapter 11 Issues of Reporting, Disclosure, and Financial Analysis.

Chapter 12 Not-for-Profit Organizations.

Chapter 13 Colleges and Universities.

Chapter 14 Health Care Providers.

  Chapter 15 Managing for Results.

Chapter 16 Auditing Governments and Not-for-Profit Organizations.

Chapter 17 Federal Government Accounting.


Value Tables.


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New To This Edition

  • New suppplements that include updated PowerPoints in multiple versions and improved and expanded test bank and online quizzes
  • Numerous examples CAFR references
  • New separate chapters on health care organizations and colleges anduniversities
  • New examples throughout the text
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The Wiley Advantage

  • Mini-Cases and Questions help students build valuable critical thinking skills by asking them to read, interpret, and analyze the financial statements of real not-for-profits and governmental entities.
  • Chapters covering state and local accounting principles include a “Continuing Problem” which asks students to review the comprehensive annual financial report and answer questions about it.
  • The text’s emphasis on planning, control and performance evaluation reflects the true nature of nonprofit accounting.
  • Exercises for Review and Self Study include most of the CPA problems that have appeared on the CPA exam in the last decade.
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Instructors Resources
Wiley Instructor Companion Site
PowerPoint Presentations
Solutions Manual
Instructor's Manual
Test Bank
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Students Resources
Wiley Student Companion Site
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Purchase Options
Wiley E-Text   
Government and Not-for-Profit Accounting: Concepts and Practices, 5th Edition
ISBN : 978-0-470-46053-5
832 pages
February 2011, ©2009
$71.50   BUY

Government and Not-for-Profit Accounting: Concepts and Practices, 5th Edition
ISBN : 978-0-470-39078-8
832 pages
September 2012, ©2011
$259.95   BUY

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