[Federal Register Volume 67, Number 232 (Tuesday, December 3, 2002)]
[Notices]
[Page 71966]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-30579]


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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 [email protected].
    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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