Original Interpretations (Unamended)

Original Interpretations (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 interpretations on this page. Since the FASAB Handbook presents text as amended by… Read More

Intragovernmental Allowances

Intragovernmental Allowances FASAB Contact, Melissa Batchelor, batchelorm@fasab.gov, 202-512-5976 Project Summary: On February 20, 2020, FASAB staff issued Technical Bulletin (TB) 2020-1, Loss Allowance for Intragovernmental Receivables. Technical Clarifications of Existing Standards (TCES) Project Description: Members of the Board and the federal financial management community have expressed a general concern that federal entity resources are increasingly… 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

August 24 – 25, 2021 Briefing Materials

August 24 – 25, 2021 Briefing Materials Agenda for August 24 – 25, 2021 Financial Reporting in the Digital Age Topic A – MD&A Standards Topic B – Debt Cancellation Interpretation Topic C – Public-Private Partnership Phase II Topic D – Intangible Assets Research Topic F – Climate Research Topic G – Technical Agenda Review… Read More

Comment Letters

Debt Cancellation: An Interpretation of SFFAS 7, Paragraph 313 FASAB Contact: Melissa Batchelor, batchelorm@fasab.gov, 202-512-5976

AAPC May 2021 Briefing Materials

AAPC: Accounting and Auditing Policy Committee AAPC May 2021 Briefing Materials Agenda Attachment A – Project plan Attachment B – Updated draft: Omnibus Amendments 2021: Leases-Related Topics Attachment C – Updated draft: Implementation Guidance for Leases Memo for Attachment C Attachment D – Proposed Project: Update Technical Releases for Interpretation 9 & TB 2017-2

Risk Reporting

Risk Reporting FASAB Contact: Robin Gilliam, gilliamr@fasab.gov, (202) 512-7356 Project Summary:  The Board will address risk reporting through the MD&A and Note Disclosure projects. Project Objective:  The issuance of Statement of Federal Financial Accounting Standards (SFFAS) 51, Insurance Programs, on January 18, 2017, effectively concluded the first phase of the risk reporting project (formerly the risk assumed project). For… Read More

DoD Implementation Guidance Request

DoD Implementation Guidance Request Project FASAB Contact, Melissa Batchelor, batchelorm@fasab.gov, 202-512-5976 Project Summary: The DoD Implementation Guidance Request Project has been closed and moved to the archived project page. Several key pronouncements were issued during work on the project such as SFFAS 48, Opening Balances for Inventory, Operating Materials and Supplies (OM&S) and Stockpile Materials… Read More