Standards & Guidance
The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,500-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 through June 30 of each year. The annual update includes incorporating amendments within each previously issued pronouncement.
The following pronouncements have been issued since June 30, 2021, and are not included in the current handbook:
- SFFAS 60—Omnibus Amendments 2021: Leases-Related Topics (PDF)
- Technical Release 20—Implementation Guidance for Leases (PDF)
- Interpretation 11—Debt Cancellation: An Interpretation of SFFAS 7, Paragraph 313 (PDF)