[Federal Register Volume 69, Number 94 (Friday, May 14, 2004)]
[Notices]
[Page 26824]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-10929]


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FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD


New Exposure Draft Inter-Entity Cost Implementation: Amending 
SFFAS 4, Managerial Cost Accounting Standards and Concept and Research 
Report on Capital and Operating Leases

AGENCY: Federal Accounting Standards Advisory Board.

ACTION: Notice.

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    Board Action: Pursuant to the Federal Advisory Committee Act (Pub. 
L. 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, 
Inter-Entity Cost Implementation: Amending SFFAS 4, Managerial Cost 
Accounting Standards and Concepts and a Research Report on Capital and 
Operating Leases.
    A summary of the proposed statement follows:
    On April 26, 2004, the Federal Accounting Standards Advisory Board 
(FASAB) released for public comment an exposure draft (ED), Inter-
Entity Cost Implementation: Amending SFFAS 4, Managerial Cost 
Accounting Standards and Concepts. The proposed standard would require 
full implementation of the inter-entity cost provision in Statement of 
Federal Financial Accounting Standards (SFFAS) 4, Managerial Cost 
Accounting Standards and Concepts.
    The exposure draft is available on the FASAB home page http://www.fasab.gov/exposure draft.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 July 31, 2004, and should be 
sent to: Wendy M. Comes, Executive Director, Federal Accounting 
Standards Advisory Board, 441 G Street, NW., Suite 6814, Mal Stop 
6K17V, Washington, DC 20548.
    A summary of the research report follows:
    The objective of the research report is to develop a summary paper 
that permits staff and the Board to familiarize themselves with lease 
accounting under FASAB, FASB, GASB and international public sector 
accounting standards, and to familiarize them with global issues 
related to lease accounting. The report will also be used to aid in 
determining if new uses of leases by Federal entities create different 
and/or more urgent needs for FASAB guidance. An electronic version of 
the research report is available on the World Wide Web at http://www.fasab.gov/reports.html.

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. 92-463.

    Dated: May 10, 2004.
Wendy M. Comes,
Executive Director.
[FR Doc. 04-10929 Filed 5-13-04; 8:45 am]
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