Wiley GAAP for Governments 2006 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. Designed with the needs of the user in mind, a New Developments chapter keeps you informed of all the important developments in governmental GAAP during the past year. A look ahead to the status of current and future Governmental Accounting Standards Board standards and projects provides information on the very latest in standard-setting activities and covers: GASB Statement 43, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, which together with Statement No. 45 will radically change the accounting for OPEBs by employers and OPEB plans GASB Statement 44, Economic Condition Reporting: The Statistical Section, which updates the comprehensive annual financial report requirements for the statistical section GASB Statement 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions, which will have a major impact on the financial statements of many governmental employers and will require significant implementation planning GASB Statement No. 46, Net Assets Restricted by Enabling Legislationan amendment of GASB Statement No. 34 GASB Statement No. 47, Accounting for Termination Benefits, which addresses when to recognize liabilities and expenses for termination benefits GASB Concepts Statement No. 3, Communication Methods in General Purpose External Financial Reports That Contain Basic Financial Statements, which addresses the various types of communication methods inherent in financial statements, such as the basic financial statements, notes, and required supplementary information GASB Technical Bulletin No. 2004-2, Recognition of Pension and Other Postemployment Benefit Expenditures/Expense and Liabilities by Cost-Sharing Employers, which addresses the timing of expenditure recognition for pension contributions Exposure Draft Sales and Pledges of Receivables and Future Revenues, which addresses factors to determine when these transactions are sales or loans Preliminary Views Document Accounting and Financial Reporting for Pollution Remediation Obligations, which addresses the timing of the recognition of liabilities relating to pollution remediation Wiley GAAP for Governments 2006 strives to be a thorough, reliable reference that you'll use constantly. It's designed to be kept on your desk rather than on your bookshelf.