Board Action: Pursuant to the Federal Advisory Committee Act (Pub. L. No. 92463), 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 IntraDepartmental 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 IntraDepartmental 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 intradepartmental costs. The interpretation further explains that intradepartmental costs should be accounted for in accordance with the full cost of provisions of SFFAS No. 4, which includes the recognition of imputed intradepartmental costs.

The interpretation is available on the FASAB Home page ]]> http://thefederalregister.com/d.p/2003-05-01-03-10796 Thu, May 1 2003 11:00:00 GMT