The Federal Accounting Standards Advisory Board (FASAB) published Statement of Federal Financial Accounting Standards (SFFAS) no. 29, Heritage Assets and Stewardship Laud (www.fasab.gov/pdffiles/sffas_29.pdf).The Federal Accounting Standards Advisory Board The Federal Accounting Standards Advisory Board (FASAB) is a United States federal advisory committee whose mission is to develop generally accepted accounting principles for federal financial reporting entities. (FASAB FASAB Federal Accounting Standards Advisory Board FASAB Financial Accounting Standards Advisory Board ) published 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. 29, Heritage Assets and Stewardship Laud (www.fasab.gov/pdffiles/sffas_29.pdf). The standard reclassifies reformation Reformation, religious revolution that took place in Western Europe in the 16th cent. It arose from objections to doctrines and practices in the medieval church (see Roman Catholic Church) and ultimately led to the freedom of dissent (see Protestantism). on these assets and land as basic information, with the exception of condition information, which it classifies as required supplementary information. Most of the guidance is effective for reporting periods beginning after September 30, 2005, but certain disclosure requirements will be phased in over the next three years. |
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