FASAB SFFAS 5, Accounting for Liabilities of the Federal Government
The Federal Accounting Standards Advisory Board (FASAB) establishes federal accounting standards needed to comply with Generally Accepted Accounting Principles (GAAP). The federal accounting standards issued by the FASAB are called Statements of Federal Financial Accounting Standard – SFFAS.
FASAB / SFFAS 6, Accounting for Property, Plant and Equipment
The Federal Accounting Standards Advisory Board (FASAB) establishes federal accounting standards needed to comply with Generally Accepted Accounting Principles (GAAP). The federal accounting standards issued by the FASAB are called Statements of Federal Financial Accounting Standard – SFFAS.
The Federal Accounting Standards Advisory Board (FASAB) establishes federal accounting standards needed to comply with Generally Accepted Accounting Principles (GAAP). The federal accounting standards issued by the FASAB are called Statements of Federal Financial Accounting Standard – SFFAS.
DoD Financial Management Regulation, Volume 4 Chapter 13, Environmental Liabilities
DoD FMR Volume 4 Chapter 13 prescribes the accounting policy for measuring, recognizing, and disclosing environmental liabilities, and the procedures to record DoD environmental liabilities.
DoD FMR Volume 6B Chapter 10 presents the form and content of the Note 14, Environmental and Disposal Liabilities.
Department of Defense Environmental Liabilities Best Practices Guide
The Office of the Undersecretary of Defense (Comptroller) developed this best practices guide on environmental liabilities for financial managers, accountants, and technical professionals throughout DoD. Information on the entire process of identifying, recording, documenting, and reporting environmental liabilities is presented to assist in audit preparations but should not be construed as policy. Users of this guide should note that examples and practices used by various companies and agencies are provided for discussion and illustration only.
The Government Accountability Office (GAO) Financial Audit Manual comes in three volumes containing the methodology and tools that an auditor will use when conducting an audit. These are also tools you can use to prepare for an audit. One of the more important sections for environmental liabilities is the Checklist for Federal Accounting (FAM 2010) and Checklist for Federal Reporting and Disclosures (FAM 2020).