Original Concepts (Unamended)
For the most current and up-to-date source of official FASAB accounting and reporting guidance for federal entities, please access the current version of The FASAB Handbook of Accounting Standards and Other Pronouncements, As Amended (FASAB Handbook), not the individual concepts on this page.
Because the FASAB Handbook presents text as amended by later actions of the board, references to the FASAB Handbook are more reliable. If you chose to use the individual Statements of Federal Financial Accounting Concepts (SFFAC)—which are presented unamended here—please review this list of FASAB documents to identify documents that may have amended any pronouncements you access here. In addition, some pronouncements found below may indicate that certain tables or charts are omitted. Each chart can be found in the FASAB Handbook.
The links below will direct you to the original, unamended pronouncements, which should not be considered authoritative; they have been made available for historical reference and research purposes only.
SFFAC 1 – Objectives of Federal Financial Reporting- SFFAC 2 – Entity and Display
- SFFAC 3 – Management’s Discussion and Analysis – Concepts
- SFFAC 4 – Intended Audience and Qualitative Characteristics for the Consolidated Financial Report of the United States Government
- SFFAC 5, Definitions of Elements and Basic Recognition Criteria for Accrual-Basis Financial Statements, December 26, 2007
- SFFAC 6 – Distinguishing Basic Information, RSI, and OAI
- SFFAC 7 – Measurement of the Elements of Accrual-Basis Financial Statements in Periods After Initial Recording
- SFFAC 8—Federal Financial Reporting
- SFFAC 9—Materiality: Amending Statement of Federal Financial Accounting Concepts (SFFAC) 1, Objectives of Federal Financial Reporting, and SFFAC 3, Management’s Discussion and Analysis
For the most current and up-to-date source of official FASAB accounting and reporting guidance for federal entities, please access the current version of The FASAB Handbook of Accounting Standards and Other Pronouncements, As Amended (FASAB Handbook), not the individual concepts on this page.