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ROBERT J. FREEMAN and CRAIG D. SHOULDERS, Governmental and Nonprofit Accounting: Theory and Practice, 6th edition (Upper Saddle River, NJ: Prentice Hall, 1999, pp. ix, 858).
This edition successfully integrates the basic concepts of state and local government and nonprofit accounting with discussions and examples of relevant authoritative pronouncements issued through June 1999. Freeman and Shoulders competently and fully devote a new chapter to GASB Statement No. 34 Basic Financial Statements-and Management's Discussion and Analysis-for State and Local Governments, which adopters should appreciate.
The authors maintain their reputation for producing a detailed and comprehensive government and nonprofit accounting text, while improving on foundation material. The chapters are easy to read and provide many examples of transactions to help students grasp each described concept and situation. In addition, to the comprehensive illustrations in each major chapter, the authors include examples from actual government financial reports. One helpful feature of this edition is the separation of the financial reporting coverage into two chapters; one with basic...