Cut Straight to the Core Concepts Offering concise, flexible and current coverage of key principles, Core Concepts of Government and Not-For-Profit Accounting, by Michael H. Granof and Penelope S. Wardlow, identifies the issues and unique features of this specialized accounting field. This edition explores the new financial reporting model for governments (GASB Statement No. 56) with references to real-world institutions, ranging form cities to private universities. With extensive end-of-chapter discussion questions, exercises, and problems that combine a hands-on reporting and an underlying philosophy approach, students from all backgrounds will benefit from this comprehensive text. This 2nd Edition Features: A new chapter on Auditing Governments and Not-For-Profit Organizations Coverage of government accounting standards through GASB Statement No. 56, issued March 2009 A point-by-point guide on how to prepare government-wide statements from fund statements Illustrative financial statements for real-world entities, including cities, non-for-profit healthcare organizations, and private universities A continuing problem on interpreting and using the financial statements of a real city Introduction to the new FASB Codification, which includes all FASB standards, AICPA Audit Guides, and other publications that affect not-for-profit organizations and businesses Updated key points about how to address the financial analysis of governments and not-for-profit organizations New bulleted "Chapter Highlights" at the beginning of each chapterPenelope S. Wardlow is the author of 'Core Concepts of Government and Not-For-Profit Accounting', published 2010 under ISBN 9780471737926 and ISBN 0471737925.