Staff Implementation Guidance 31.1: Guidance for Implementation of Statement of Federal Financial Accounting Standards 31, Accounting for Fiduciary Activities

Staff Implementation Guidance 31.1: Guidance for Implementation of Statement of Federal Financial Accounting Standards 31, Accounting for Fiduciary Activities Project Milestones Minutes of April 12, 2007 Public Meeting Draft Staff Implementation Guidance, Comments Requested by Dec. 3, 2008 Final Staff Implementation Guidance 31.1 Comment Letters Received Contact: FASAB Staff, fasab@fasab.gov, 202-512-7350

Reexamination of Existing Standards

Reexamination of Existing Standards FASAB Contacts: Monica Valentine, fasab@fasab.gov, 202-512-7350 Melissa Batchelor, batchelorm@fasab.gov, 202-512-5976 Project Objective: The objective of the reexamination project is to reexamine FASAB’s existing standards to assess their current relevance and to identify opportunities to streamline authoritative guidance. The Board believes that the accounting standards should be periodically reexamined to assess their current… Read More

Evaluation of Existing Standards

Evaluation of Existing Standards FASAB Contact: Melissa Batchelor, Assistant Director, batchelorm@fasab.gov, 202-512-5976 Project Summary In 2020, the Board agreed that the Evaluation of Existing Standards was to be replaced by the Technical Clarification of Existing Standards project. The change was made in conjunction with the addition of a new project—Reexamination project that will focus on… Read More

Earmarked Funds (Evaluating Existing Standards)

Earmarked Funds (Evaluating Existing Standards) Project Objective To identify and resolve issues regarding federal reporting in compliance with Statement of Federal Financial Accounting Standards (SFFAS) 27, Identifying and Reporting Earmarked Funds. HISTORY OF BOARD DELIBERATIONS (reverse chronology) February 22-23, 2012 Board Meeting At the February 2012 Board meeting, members identified several minor edits to draft… Read More

Original Standards (Unamended)

Original Standards (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 standards on this page. Because the FASAB Handbook presents text as amended by… Read More

Management’s Discussion and Analysis (MD&A)

Management’s Discussion and Analysis (MD&A) FASAB Contact: Robin Gilliam, gilliamr@fasab.gov, 202-512-7356 Project Objective This project is a segment of the Board’s reporting model initiative. Currently, most of the standards-based language for developing MD&A resides in Statement of Federal Financial Accounting Concepts (SFFAC) 3, Management’s Discussion and Analysis, rather than in Statement of Federal Financial Accounting… 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