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Rating: Summary: Essential for the professional in governmental accounting Review: The GFOA did an excellent job of explaining governmental accounting. The book has incorporated the new model as established in Governmental Accounting Standards Board Statement 34. The book is worth owning just see how a Comprehensive Annual Financial Report (CAFR) is prepared and looks under the GASB Statement 34 model.While GFOA is not the standards setting body, it is important for professionals trying to achieve the Certificate of Excellence in Government Accounting for their CAFR to understand the GFOA's interpretation since they are the body running the awards program. I would recommend this book for any person charged with managing the financial affairs of a governmental agency.
Rating: Summary: Essential for the professional in governmental accounting Review: The GFOA did an excellent job of explaining governmental accounting. The book has incorporated the new model as established in Governmental Accounting Standards Board Statement 34. The book is worth owning just see how a Comprehensive Annual Financial Report (CAFR) is prepared and looks under the GASB Statement 34 model. While GFOA is not the standards setting body, it is important for professionals trying to achieve the Certificate of Excellence in Government Accounting for their CAFR to understand the GFOA's interpretation since they are the body running the awards program. I would recommend this book for any person charged with managing the financial affairs of a governmental agency.
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