Governmental GAAP Guide (2025)

Wolters Kluwer’s Governmental GAAP Guide keeps financial professionals who work with state and local governments current with emerging governmental standards. These financial professionals must stay current or face unfortunate consequences. The CCH Governmental GAAP Guide analyzes all of the accounting principles for financial reporting by state and local governments. These include:

• GASB Statements
• GASB Interpretations
• GASB Technical Bulletins
• Releases of the National Council on Governmental Accounting (NCGA) that remain in effect as of the date of publication, including Statements and NCGA Interpretations

The CCH Governmental GAAP Guide also covers certain AICPA Audit and Accounting Guide concepts. The author discusses and restates these standards in plain English and supports them with timesaving examples and illustrations. In one comprehensive volume, this impressive guide explains completely the financial accounting and reporting standards that are necessary in preparing the basic external financial statements of a governmental entity.

To facilitate research, the text cross-references major topics to the pertinent paragraphs of the original pronouncements. Throughout the text Observations clarify specific accounting principles.

A companion publication, Governmental GAAP Practice Manual, illustrates how governmental financial statements are prepared based on the standards established by GASB-34, Basic Financial Statements — and Management’s Discussion and Analysis — for State and Local Governments, and beyond.

The CCH Governmental GAAP Guide also discusses current projects of the GASB, including standard-setting, a multiple-year project reexamining the financial reporting model, and a related project reexamining revenue and expense recognition principles and note disclosure.

This book can be used in conjunction with the Governmental GAAP Update Service.