Governmental and nonprofit accounting is a field that focuses on the financial management of government entities and nonprofit organizations. It involves the recording, reporting, and analysis of their financial activities and resources. One prominent author in this field is Robert J. Freeman, who is recognized for his contributions to the theory and practice of governmental and nonprofit accounting.
Freeman is a professor emeritus of accounting at Texas Tech University and has over 40 years of experience in academia. He is a certified public accountant and has served in various positions in the American Accounting Association, Government Finance Officers Association, and American Institute of Certified Public Accountants. Freeman has also worked as a finance officer for a large city and a public accounting firm.
One of Freeman’s major accomplishments is his book, Governmental and Nonprofit Accounting: Theory and Practice, which is now in its 11th edition. This book is considered a standard in the field and is widely used in universities as a textbook. It covers important topics such as fund accounting, budgeting, financial reporting, and auditing in the government and nonprofit sectors.
Freeman’s work has also been published in various academic journals, including the Journal of Governmental and Nonprofit Accounting, Accounting Horizons, and Journal of Public Budgeting, Accounting