The Federal Accounting Standards Advisory Board (FASAB) issues Interpretation no. 6 of Federal Financial Accounting Standards, Accounting for Imputed Intra-departmental Costs: An Interpretation of SFFAS No. 4.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 ) issues Interpretation no. 6 of Federal Financial Accounting Standards, Accounting for Imputed Attributed vicariously. In the legal sense, the term imputed is used to describe an action, fact, or quality, the knowledge of which is charged to an individual based upon the actions of another for whom the individual is responsible rather than on the individual's Intra-departmental Costs: An Interpretation of SFFAS SFFAS Statement of Federal Financial Accounting Standards SFFAS San Francisco Fall Antiques Show SFFAS Superfund Financial Assessment System (EPA) No. 4, to clarify that paragraph 110 of SFFAS no. 4, Managerial Cost Accounting Standards and Concepts, does not limit the recognition of intradepartmental costs, which should be accounted for in accordance with the SFFAS's full-cost provisions. The interpretation is effective for periods beginning after September 30, 2004, with earlier implementation encouraged. It is available online at www.fasab.gov/pdf/ intprt6.pdf and in print from FASAB at 202-512-7350. |
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