Original Technical Bulletins (Unamended)

Original Technical Bulletins (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 technical bulletins on this page. Since the FASAB Handbook presents text as… Read More

Technical Guidance Update: Conforming Amendments of Technical Releases

AAPC: Accounting and Auditing Policy Committee Technical Guidance Update: Conforming Amendments of Technical Releases FASAB Contact: Melissa L. Batchelor, BatchelorM@fasab.gov, 202-512-5976 Project Objective The Board issued several pronouncements in recent years that require assessing and updating related lower-level GAAP. These pronouncements include SFFAS 42, Deferred Maintenance and Repairs: Amending Statements of Federal Financial Accounting Standards… Read More

AAPC Project Related to Conforming Amendments to Existing Technical Releases for Leases

AAPC: Accounting and Auditing Policy Committee AAPC Project Related to Conforming Amendments to Existing Technical Releases for Leases FASAB Contact, Ricky A. Perry, Jr., Senior Analyst, PerryRA@fasab.gov, 202-512-5720 Project Objective SFFAS 54, Leases: An Amendment of SFFAS 5, Accounting for Liabilities of the Federal Government and SFFAS 6, Accounting for Property, Plant, and Equipment, revises… Read More

Accounting and Reporting of Government Land Project

Accounting and Reporting of Government Land Project FASAB Contact: Domenic N. Savini, savinid@fasab.gov, 202-512-6841 Project Objective: SFFAS 6 requires that land and land rights acquired for or in connection with other general PP&E are to be capitalized at the cost incurred to bring the assets to a form and condition suitable for use. “Acquired for… Read More

2014 FASAB Handbook

2014 FASAB Handbook 2014 FASAB Handbook of Federal Accounting Standards and Other Pronouncements, as Amended (PDF) Individual statements issued since June 30, 2014, and not included in the above volume: SFFAS 46—Deferral of the Transition to Basic Information for Long-Term Projections (PDF) SFFAS 47—Reporting Entity (PDF) Purpose of the FASAB Handbook The FASAB Handbook compiles… Read More

2013 FASAB Handbook

2013 FASAB Handbook 2013 FASAB Handbook of Federal Accounting Standards and Other Pronouncements, as Amended (PDF) Individual statements issued since June 30, 2013, and not included in the above volume: SFFAS 45—Deferral of the Transition to Basic Information for Long-Term Projections(PDF) Technical Release 15—Implementation Guidance for General Property, Plant, and Equipment Cost Accumulation, Assignment and… Read More

2012 FASAB Handbook

2012 FASAB Handbook 2012 FASAB Handbook of Federal Accounting Standards and Other Pronouncements, as Amended (PDF) Individual statements issued since June 30, 2012, and not included in the above volume: SFFAS 44—Accounting for Impairment of General Property, Plant, and Equipment Remaining in Use(PDF) SFFAS 45—Deferral of the Transition to Basic Information for Long-Term Projections (PDF)… Read More

Public Private Partnerships

Public Private Partnerships FASAB Contact, Domenic Savini, savinid@fasab.gov, 202-512-6841 NOTE:  The issuance of SFFAS 49, Public-Private Partnerships: Disclosure Requirements, on April 27, 2016, effectively concluded the first phase of the Board’s two-phased project on public-private partnerships. The second phase of the project will address measurement and recognition, some of which is directly related to the disclosures… Read More

2011 FASAB Handbook

2011 FASAB Handbook 2011 FASAB Handbook of Federal Accounting Standards and Other Pronouncements, as Amended (PDF) Individual statements issued since June 30, 2011, and not included in the above volume: SFFAS 44—Accounting for Impairment of General Property, Plant, and Equipment Remaining in Use (PDF) SFFAS 43—Dedicated Collections: Amending SFFAS 27, Identifying and Reporting Earmarked Funds… Read More

Deferred Maintenance & Asset Impairment

Deferred Maintenance & Asset Impairment Project Objective: The FASAB has recently approved a Deferred Maintenance project whose goal shall be to expand existing guidance where appropriate, as well as consider certain relevant asset impairment accounting. Specifically, the project will develop guidance for reporting information about deferred maintenance and asset impairment with respect to property, plant… Read More