Notice of New Interpretation of Federal Financial Accounting Standards, Accounting for Imputed Intra-Departmental Costs: An Interpretation of SFFAS No. 4

---
identifier: "/us/fr/03-10796"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Notice of New Interpretation of Federal Financial Accounting Standards, Accounting for Imputed Intra-Departmental Costs: An Interpretation of SFFAS No. 4"
title_number: 0
title_name: "Federal Register"
section_number: "03-10796"
section_name: "Notice of New Interpretation of Federal Financial Accounting Standards, Accounting for Imputed Intra-Departmental Costs: An Interpretation of SFFAS No. 4"
positive_law: false
currency: "2003-05-01"
last_updated: "2003-05-01"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Federal Accounting Standards Advisory Board"
document_number: "03-10796"
document_type: "notice"
publication_date: "2003-05-01"
agencies:
  - "Federal Accounting Standards Advisory Board"
fr_citation: "68 FR 23309"
fr_volume: 68
fr_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."
---


#  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.