[Federal Register Volume 68, Number 84 (Thursday, May 1, 2003)]
[Notices]
[Page 23309]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-10796]


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FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD


Notice of New Interpretation of Federal Financial Accounting 
Standards, 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 issued a new 
Interpretation, Accounting for Imputed Intra-Departmental Costs: An 
Interpretation of SFFAS No. 4.
    A summary of the Interpretation follows: On April 18, 2003, the 
Federal Accounting Standard Advisory Board (FASAB) issued 
Interpretation No. 6, Accounting for Imputed Intra-Departmental Costs: 
An Interpretation of SFFAS No. 4. The proposed interpretation clarifies 
that paragraph 110 of SFFAS No. 4 does not limit the recognition of 
imputed intra-departmental costs. The interpretation further explains 
that intra-departmental costs should be accounted for in accordance 
with the full cost of provisions of SFFAS No. 4, which includes the 
recognition of imputed intra-departmental costs.
    The interpretation is available on the FASAB Home page http://www.fasab.gov/interpretations.htm. Copies can be obtained by contacting 
FASAB at (202) 512-7350, or [email protected].

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: April 28, 2003.
Wendy M. Comes,
Executive Director.
[FR Doc. 03-10796 Filed 4-30-03; 8:45 am]
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