FASAB issues Statement of Federal Financial Accounting Standards (SFFAS) no. 23, Eliminating the Category National Defense Property, Plant and Equipment. (Government Accounting).* FASAB FASAB Federal Accounting Standards Advisory Board FASAB Financial Accounting Standards Advisory Board issues Statement of Federal Financial Accounting Standards (SFFAS SFFAS Statement of Federal Financial Accounting Standards SFFAS San Francisco Fall Antiques Show SFFAS Superfund Financial Assessment System (EPA) ) no. 23, Eliminating the Category National Defense Property, Plant and Equipment. In addition to rescinding the category, the statement's standards classify clas·si·fy tr.v. clas·si·fied, clas·si·fy·ing, clas·si·fies 1. To arrange or organize according to class or category. 2. To designate (a document, for example) as confidential, secret, or top secret. as general PP&E all items previously considered ND PP&E and apply the provisions for general PP&E and associated cleanup costs contained in SFFAS no. 6, Accounting for Property, Plant, and Equipment. The standards also permit continued use of the composite or group depreciation methodology and are effective for periods beginning after September September: see month. 30, 2002. Copies of SFFAS no. 23 are available from FASAB on the Web (www.fasab.gov/concepts.htm) or by phone (202-512-7350). |
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