Governmental and Not-for-Profit Accounting and Auditing

An Active-Learning Workbook

by Convery

ISBN: 978-1-61853-210-7 | Copyright 2017



This workbook and related instructional resources in myBusinessCourse are designed to develop accounting and auditing knowledge of state and local governmental entities and not-for-profit entities sufficient to pass related parts of the CPA exam. Further, use of active-learning assignments that take students to real-world financial statements, standards-setters’ websites, Accounting Standards Codification, academic research, and IRS Form 990s develop critical thinking skills needed by auditors, consultants, financial managers, board members, taxpayers, and philanthropists. Author-prepared eLectures, Guided Examples, question bank, and activities provide instructors with a platform on which to customize a 1 credit or 3 credit; flipped or lecture; hybrid/online or in-person; undergraduate or graduate course for students in accounting, public administration, and nonprofit management programs.


Preview the workbook features in the below video, where author Sue Convery showcases the online learning activities:

Introducing myBusinessCourse

myBusinessCourse is a complete, secure, web-based training and e-Learning solution. There is nothing to download or install; it is accessible through any modern web browser and most mobile devices.

eLecture Videos

eLecture Videos

  • Created by the author of the workbook
  • Consistent with the workbook's explanations and approach
  • Cover learning objectives and concepts from each chapter
  • Ideal for remediation
  • Ideal for online and hybrid classrooms

Narrated demonstration videos

Guided Example Videos

  • Created by the author of the textbook
  • Provide problem solving strategies as well as solutions
  • Offer clear, step-by-step demonstrations of how to solve select problems from the textbook

Auto-graded assignments

Auto-graded Assignments

  • Provide immediate feedback
  • Create assignments using problems from the textbook
  • Additional randomized versions of assignments provide extra practice
  • Ideal for remediation
  • Include select questions from test banks

Detailed Reporting Tools

Detailed Reporting Tools

  • Quickly review the performance of individual students
  • Quickly review the performance of entire class
  • Use reports on student performance to customize your lectures to fit student needs

Enhanced eBook

  • Save money
  • Includes myBusinessCourse
  • Integrates eLecture and demonstration videos
  • Bookmarking
  • Note taking
  • Highlighting

Third Party Integrations

Third Party Integrations

  • Single sign-on
  • Link to assignments in myBusinessCourse from your third party course
  • Automatically sync gradebooks each night

Support and Training

Support and Training

  • Technical support for students and faculty available daily
  • Faculty training conducted daily
Expand/Collapse All
Introduction (pg. i)
Module 1: Introduction to the Course and GNP Environment (pg. 1)
Module 2: Not-for-Profit Organizations - Tax-Exempt Issues (pg. 11)
Module 3: NFP Financial Reporting (pg. 19)
Module 4: State and Local Government (SLG) Financial Reporting (pg. 31)
Module 5: Fund Accounting and General Fund Budgeting (pg. 43)
Module 6: Governmental Activities: Capital Assets and Long Term Liabilities (pg. 57)
Module 7: GNP Auditing (pg. 69)
Glossary (pg. 77)
List of Acronyms (pg. 87)
Website Links (pg. 79)
Index (pg. 81)
Dr. Susan Convery

Dr. Susan Convery

Dr. Susan Convery has been a professor of practice at Michigan State University since 2008 where she teaches principles of management accounting and government and not-for-profit (GNP) accounting.  She is also an Emeritus Professor from Eastern Michigan University where she was department head for six years. Professor Convery earned her PhD (1990) and BA (1973) from Michigan State University and her MS in Accounting (1979) from EMU. She is a CPA (Michigan, 1981) and Certified Management Accountant (CMA, 2009). Professor Convery has written and taught about GNP topics since 1981.  She has served as the American Accounting Association (AAA) representative to the Governmental Accounting Standards Advisory Council, President of the AAA's Government and Not-for-profit Section, and Chair of the Not-for-profit Committee and Board member of the Michigan Association of CPAs. She was coauthor of the 11th through 15th editions of Accounting for Governmental and Not-for-Profit Entities by McGraw-Hill/Irwin (under her former name, Kattelus). Dr. Convery has published articles on GNP topics in The Accounting Review, Issues in Accounting Education, Research in Governmental and Not-for-Profit Accounting, the Journal of Governmental Financial Management, Journal of Accounting Education, and Public Budgeting and Finance.