67 FR 232 pg. 71966 - Notice of New Exposure Draft Accounting for Imputed Intra-Departmental Costs: An Interpretation of SFFAS No. 4
Type: NOTICEVolume: 67Number: 232Page: 71966
FR document: [FR Doc. 02-30579 Filed 12-2-02; 8:45 am]
Agency: Federal Accounting Standards Advisory Board
Official PDF Version: PDF Version
FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD
Notice of New Exposure Draft Accounting for Imputed Intra-Departmental Costs: An Interpretation of SFFAS No. 4
Board Action: Pursuant to the Federal Advisory Committee Act (Pub. L. No. 92-463), as amended, and the FASAB rules of procedure, as amended in October, 1999, notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has published a new exposure draft, Accounting for Imputed Intra-departmental Costs: An interpretation of SFFAS No. 4.
A Summary of the Proposed Interpretation Follows: The proposed interpretation clarifies that paragraph 110 of SFFAS No. 4 does not limit the recognition of imputed intra-departmental costs. The proposed interpretation further explains that intra-departmental costs should be accounted for in accordance with the full cost provisions of SFFAS No. 4, which includes the recognition of imputed intra-departmental costs.
The exposure draft is available on the FASAB home page http://www.fasab.gov/exposure.htm. Copies can be obtained by contacting FASAB at (202) 512-7350, or loughanm@fasab.gov.
Respondents are encouraged to comment on any part of the exposure draft. Written comments are requested by January 8, 2003, and should be sent to: Wendy M. Comes, Executive Director, Federal Accounting Standards Advisory Board, 441 G Street, NW., Suite 6814, Mail Stop 6K17V, Washington, DC 20548.
FOR FURTHER INFORMATION CONTACT:
Wendy Comes, Executive Director, 441 G Street, NW., Washington, DC 20548, or call (202) 512-7350.
Authority:
Federal Advisory Committee Act, Pub. L. No. 92-463.
Dated: November 26, 2002.
Wendy M. Comes,
Executive Director.
[FR Doc. 02-30579 Filed 12-2-02; 8:45 am]
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