The most practical and authoritative guide to governmental GAAP Wiley GAAP for Governments 2016 is a comprehensive guide to the accounting and financial reporting principles used by state and local governments, as well as other governmental entities. Financial statement preparers, attestors, and readers will find its full coverage of authoritative accounting standards coupled with many examples, illustrations, and helpful practice hints, extremely useful and user–friendly. The book also contains a "New Developments" chapter, designed to keep you informed of all the important developments in governmental GAAP during the past year. It covers the status of current and future Governmental Accounting Standards Board standards and projects, and provides information on the very latest standard–setting activities, including: Statement Nos. 67, 68, 71, and 73 Pension Accounting and Reporting Statement No. 69 Government Combinations and Disposals of Government Operations Statement No. 70 Accounting and Financial Reporting for Nonexchange Financial Guarantees Statement No. 72 Fair Value Measurement and Disclosure Statement Nos. 73 and 74 OPEB Accounting and Financial Reporting Statement No. 76 GAAP Hierarchy Statement No. 77 Tax Abatement Disclosures Exposure Drafts on the revised implementation guide, irrevocable split–interest agreements, blending for certain component units, accounting and reporting for certain external investment pools Preliminary Views on recognition and measurement approaches and leases Latest on GASB Technical Plan Wiley GAAP for Governments 2016 strives to be a thorough, reliable reference that you?ll use constantly, and keep to hand on your desk, rather than on your bookshelf.