12/11/2025
To paraphrase a classic film: "The new textbook's here! The new textbook's here! This is the kind of spontaneous publicity I need. My name in print. That really makes somebody. Things are going to start happening to me now!"
I am very excited to announce the publication of the 10th edition of "Government and Not-for-Profit Accounting: Concepts and Practices" with Michael Granof, Saleha Khumawala, and Thad Calabrese! Ordering information here: http://bit.ly/3MkAN4l
When I was on the Governmental Accounting Standards Board (GASB) staff, I was asked several times to join the author team for textbooks but sadly had to decline due to the FAF's conflict-of-interest policy. I've read them all at one time or another, and my favorite by far was Granof. Imagine my jealousy when he added Saleha and Thad as authors! So when Michael approached me almost immediately after I left the and the leadership at Carr, Riggs & Ingram gave the okay, I was thrilled to sign on.
Why did I love Granof's text above all others? (TBH, I love ALL governmental accounting books.) Because reading it is like listening to Michael talk about accounting (which, as you know, is fascinating). Nothing is accepted as given; the text discusses how the GASB arrived at major decisions and gives ample space to opposing views. is treated not as holy writ, but as a body of rules that result from human choices that must balance competing interests and practical concerns. Consequently, the standards don't always end up being what one might consider to be the optimal approach from an economic, financial, policy, legal, accountability, or other perspective. Students certainly learn all the debits and credits and other fundamentals of GNP accounting, but they also are challenged to consider WHY the standards require what they do and whether they believe those are the best approaches.
This new edition is fully up to date on the standards of the GASB, Financial Accounting Standards Board (FASB), Federal Accounting Standards Advisory Board, U.S. Government Accountability Office (GAO), AICPA, and U.S. OMB, including the forthcoming changes under GASB Statement 103. It includes dozens of new "In Practice" sidebars, exercises, and problems; an expanded glossary and new acronym guide; a continuing exercise through each chapter using a newly selected actual government (or one of the professor's or students' choosing); entirely new illustrations from real government ACFRs; and so much more.
Let me know if you have any questions. As you might imagine, I'm excited to talk about it.
