Standards & Guidance

The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,800-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities. It is updated annually to incorporate pronouncements issued by FASAB. This year’s edition incorporates Board pronouncements issued between June 30, 2022, and December 15, 2023. The annual update includes incorporating amendments within each previously issued pronouncement.

The following pronouncements have been issued since December 15, 2023, and are not included in the current handbook:

• SFFAS 63—Omnibus Amendments 2024-1: Amending Statements of Federal Financial Accounting Standards 38, 49, and Technical Bulletin 2011-1 (PDF)

Each issuance is presented individually in the handbook by chapter, and those issuances not already included in the complete handbook will be incorporated into the next annual update.