Bruce W. Chase, PhD, is professor of accounting at Radford University. He is also the Director of the University's Governmental and Nonprofit Assistance Center (GNAC). The GNAC provides support for the Government Finance Officers Association (GFOA) national Certified Public Finance Officer (CPFO) program. Prior to joining the faculty of Radford University, he spent over 15 years in governmental and nonprofit accounting. He began his career with the Auditor of Public Accounts and then with Coopers and Lybrand. He served as Treasurer of Virginia Commonwealth University and later as chief financial officer of Southern Seminary College. He has written numerous articles on governmental and nonprofit accounting and is a frequent speaker on these topics. He has authored two national educational courses dealing with governmental and nonprofit accounting for the American Institute of Certified Public Accountants (AICPA). He also does extensive training on governmental accounting and reporting issues.

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• Chapter 1 1-1The Governmental Environment and GAAP 1-1Governmental environment 1-2Which organizations are required to follow GASB standards? 1-8GAAP and standards-setting organizations 1-9The governmental environment and GAAP 1-12Practice questions 1-13Chapter 2 2-1Fund Accounting and the Financial Reporting Model 2-1Fund fundamentals 2-2Fund structure 2-4Overview of the financial reporting model 2-8Summary 2-10Practice questions 2-11Chapter 3 3-1Budgeting 3-1The role of budgets 3-2Encumbrances 3-5Comparing budgeted amounts to actual amounts 3-7Summary 3-8Practice questions 3-9Chapter 4 4-1Measurement Focus and Basis of Accounting 4-1Terminology 4-6Summary 4-11Practice questions 4-12 © 2020 Association of International Certified Professional Accountants. All rights reserved. Table of Contents 1Chapter 5 5-1Governmental Funds: Revenues and Expenditures 5-1Revenues 5-3Expenditures 5-7Governmental funds revenues and expenditures 5-14Practice questions 5-15Chapter 6 6-1Proprietary Funds 6-1Use of proprietary funds 6-2Accounting differences 6-4Reporting differences 6-13Summary 6-14Practice questions 6-15Chapter 7 7-1Fiduciary Funds 7-1The use of fiduciary funds 7-2Accounting differences 7-4Reporting differences 7-5Practice questions 7-7Chapter 8 8-1Fund Financial Statements 8-1General-purpose financial statements 8-2Reporting by major funds 8-3Governmental funds 8-6Proprietary funds 8-8Fiduciary funds 8-12Summary 8-13Practice questions 8-14Chapter 9 9-1Reporting Entity 9-1The reporting entity 9-2Reporting component units 9-6Joint ventures and other organizations 9-8Summary 9-9Practice questions 9-10 © 2020 Association of International Certified Professional Accountants. All rights reserved. Table of Contents 2Chapter 10 10-1Government-Wide Financial Statements 10-1Purpose of the government-wide statements 10-2The worksheet approach 10-6Summary 10-15Practice questions 10-16Chapter 11 11-1Financial Reporting and the Comprehensive Annual Financial Report 11-1Practice questions 11-11Chapter 12 12-1Special-Purpose Governments 12-1Background 12-2Summary 12-5Practice questions 12-6Appendix A A- 1City of Charlottesville — Basic Financial Statements A- 1Appendix B B- 1City of Charlottesville — Required Supplementary Information B- 1Appendix C C- 1City of Charlottesville — MD&A and Statistical Section C- 1Appendix D D- 1University of Virginia — Basic Financial Statements D- 1Glossary Glossary 1Index Index 1Solutions Solutions 1Chapter 1 Solutions 1Chapter 2 Solutions 2Chapter 3 Solutions 4Chapter 4 Solutions 6Chapter 5 Solutions 7Chapter 6 Solutions 8Chapter 7 Solutions 10Chapter 8 Solutions 11Chapter 9 Solutions 13Chapter 10 Solutions 14Chapter 11 Solutions 17Chapter 12 Solutions 19