Get the up-to-date 53, Aug - fasab 2025 now

Show details

4 out of 5

23 votes

The FASAB News issue from August-September 1998 discusses approved amendments to the accounting standards for Property, Plant, and Equipment (PP&E), particularly focusing on national defense PP&E. It highlights the retirement of Gerald Murphy, a key figure in federal financial management, and outlines user feedback on reporting requirements for national defense assets. The document also covers ongoing discussions about inter-entity costs, Management's Discussion and Analysis standards, and various technical issues related to federal financial accounting. Additionally, it provides updates on upcoming meetings and resources for further information.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The fastest way to redact 53, Aug - fasab online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is a perfect editor for updating your forms online. Follow this straightforward instruction to redact 53, Aug - fasab in PDF format online at no cost:

Register and log in. Create a free account, set a secure password, and proceed with email verification to start working on your templates.
Add a document. Click on New Document and select the file importing option: add 53, Aug - fasab from your device, the cloud, or a secure link.
Make adjustments to the sample. Utilize the top and left-side panel tools to modify 53, Aug - fasab. Insert and customize text, pictures, and fillable fields, whiteout unnecessary details, highlight the important ones, and comment on your updates.
Get your documentation accomplished. Send the sample to other individuals via email, create a link for faster file sharing, export the sample to the cloud, or save it on your device in the current version or with Audit Trail added.

Try all the advantages of our editor today!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the purpose of the FASAB?

The mission of the FASAB is to promulgate Federal accounting standards after considering the financial and budgetary information needs of citizens, congressional oversight groups, executive agencies, and the needs of other users of federal financial information.

What is the FASB Statement 53?

Producers and distributors that license film exhibition rights to movie theaters generally shall recognize revenue when the films are shown. This Statement also describes how producers and distributors shall account for film costs and participation agreements.

Do nonprofits follow FASB or GASB?

The GASB and FASB are both independent, private sector organizations that enforce GAAP accounting standards. However, government accounting adheres to GASB standards, while nonprofit accounting follows FASB ones.

What is the FASAB handbook?

The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)an approximate 2,900-page PDFis the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities.

What is the difference between FASB and Pcaob?

Currently, the SEC recognizes the Financial Accounting Standards Board (FASB) as the designated authority for establishing GAAP. SOX created the Public Company Accounting Oversight Board (PCAOB) to oversee the auditing profession for the private sector. The SEC has oversight responsibility over FASB and PCAOB.

What is the difference between FASAB and FASB?

Is FASB the same as FASAB? No, the FASB is not the same as the FASAB. The Federal Accounting Standards Board (FASAB) is an advisory committee that develops accounting standards for government agencies. The FASB, on the other hand, develops accounting standards for public companies and nonprofit agencies following GAAP.

What is the difference between GASB and FASB statement of cash flows?

The GASB is responsible for establishing standards for federal, state and local governments, while the FASB is responsible for establishing standards for non-profits, as well as private and public companies that follow the Generally Accepted Accounting Principles (GAAP).

Get the up-to-date 53, Aug - fasab 2025 now

Here's how it works