Governmental GAAP (Generally Accepted Accounting Principles) consists of all the promulgated accounting principles applicable to financial accounting and reporting for state and local governments. Here is a comprehensive, practical research tool for governments and their auditors to use to guide them through governmental accounting and financial reporting. In clear, straightforward language, this book unravels the complexity of the Government Accounting Standards Board (GASB) statements, interpretations, technical bulletins, and AICPA statements of position. It includes coverage of GASB Financial Reporting Model debate and issues. Plus, a special disclosure checklist helps preparers make sure that all disclosures required by GAAP for governments have been made. And, special flowcharts, diagrams, and charts facilitate understanding of the material.