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Website: fasab.gov
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Country: United States
Region: CA
City: San Francisco
Postal Code: 94110
Latitude: 37.748401641846
Longitude: -122.4156036377
Area Code: 415
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Fasab.gov

  • https://fasab.gov/
  • News Releases Feb-Mar 2019 – FASAB Newsletter (PDF) Mar 15, 2019 – FASAB Issues Interpretation of Federal Financial Accounting Standards 8: An Interpretation of SFFAS 56, Classified Activities (PDF) Mar 14, 2019 – Selection of Incoming Executive Director (PDF) Feb 22, 2019 – FASAB Issues Exposure Draft Omnibus Amendments: Rescinding Statement of Federal Financial Accounting…
  • fasab.gov

Accounting Standards

  • https://fasab.gov/accounting-standards/
  • News Releases Feb-Mar 2019 – FASAB Newsletter (PDF) Mar 15, 2019 – FASAB Issues Interpretation of Federal Financial Accounting Standards 8: An Interpretation of SFFAS 56, Classified Activities (PDF) Mar 14, 2019 – Selection of Incoming Executive Director (PDF) Feb 22, 2019 – FASAB Issues Exposure Draft Omnibus Amendments: Rescinding Statement of Federal Financial Accounting…
  • fasab.gov

Handbook by Chapter

  • https://fasab.gov/accounting-standards/document-by-chapter/
  • News Releases Feb-Mar 2019 – FASAB Newsletter (PDF) Mar 15, 2019 – FASAB Issues Interpretation of Federal Financial Accounting Standards 8: An Interpretation of SFFAS 56, Classified Activities (PDF) Mar 14, 2019 – Selection of Incoming Executive Director (PDF) Feb 22, 2019 – FASAB Issues Exposure Draft Omnibus Amendments: Rescinding Statement of Federal Financial Accounting…
  • fasab.gov

Board Activities

  • https://fasab.gov/board-activities/
  • News Releases Feb-Mar 2019 – FASAB Newsletter (PDF) Mar 15, 2019 – FASAB Issues Interpretation of Federal Financial Accounting Standards 8: An Interpretation of SFFAS 56, Classified Activities (PDF) Mar 14, 2019 – Selection of Incoming Executive Director (PDF) Feb 22, 2019 – FASAB Issues Exposure Draft Omnibus Amendments: Rescinding Statement of Federal Financial Accounting…
  • fasab.gov

Mission

  • https://fasab.gov/about-fasab/mission-objectives/
  • News Releases Feb-Mar 2019 – FASAB Newsletter (PDF) Mar 15, 2019 – FASAB Issues Interpretation of Federal Financial Accounting Standards 8: An Interpretation of SFFAS 56, Classified Activities (PDF) Mar 14, 2019 – Selection of Incoming Executive Director (PDF) Feb 22, 2019 – FASAB Issues Exposure Draft Omnibus Amendments: Rescinding Statement of Federal Financial Accounting…
  • fasab.gov

FASAB Meeting

  • https://fasab.gov/board-activities/meeting/
  • News Releases Feb-Mar 2019 – FASAB Newsletter (PDF) Mar 15, 2019 – FASAB Issues Interpretation of Federal Financial Accounting Standards 8: An Interpretation of SFFAS 56, Classified Activities (PDF) Mar 14, 2019 – Selection of Incoming Executive Director (PDF) Feb 22, 2019 – FASAB Issues Exposure Draft Omnibus Amendments: Rescinding Statement of Federal Financial Accounting…
  • fasab.gov

Standards & Guidance – fasab.gov

  • https://fasab.gov/accounting-standards/
  • Standards & Guidance The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,500-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities. It is updated annually to incorporate pronouncements issued by FASAB through June 30 of each year.
  • fasab.gov

Accounting Standards

  • https://fasab.gov/accounting-standards/
  • Standards & Guidance The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,500-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities. It is updated annually to incorporate pronouncements issued by FASAB through June 30 of each year.
  • fasab.gov

Handbook by Chapter

  • https://fasab.gov/accounting-standards/document-by-chapter/
  • Standards & Guidance The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,500-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities. It is updated annually to incorporate pronouncements issued by FASAB through June 30 of each year.
  • fasab.gov

Board Activities

  • https://fasab.gov/board-activities/
  • Standards & Guidance The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,500-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities. It is updated annually to incorporate pronouncements issued by FASAB through June 30 of each year.
  • fasab.gov

FASAB Meeting

  • https://fasab.gov/board-activities/meeting/
  • Standards & Guidance The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,500-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities. It is updated annually to incorporate pronouncements issued by FASAB through June 30 of each year.
  • fasab.gov

Mission

  • https://fasab.gov/about-fasab/mission-objectives/
  • Standards & Guidance The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,500-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities. It is updated annually to incorporate pronouncements issued by FASAB through June 30 of each year.
  • fasab.gov

Handbook by Chapter – fasab.gov

  • https://fasab.gov/accounting-standards/document-by-chapter/
  • Note: Versions of the FASAB Handbook issued prior to June 30, 2011, were referred to as Pronouncements as Amended, Statements of Federal Financial Accounting Concepts and Standards (2008–2010), Original Pronouncements, Statements of Federal Financial Accounting Concepts and Standards (2007), or Volume 1, Original Pronouncements, Statements of Federal Financial …
  • fasab.gov

Mission – fasab.gov

  • https://fasab.gov/about-fasab/mission-objectives/
  • Mission The FASAB serves the public interest by improving federal financial reporting through issuing federal financial accounting standards and providing guidance after considering the needs of external and internal users of federal financial information. The Mission Supports Public Accountability Financial reports, which include financial statements prepared in conformity with generally ...
  • fasab.gov

Leases – fasab.gov

  • https://fasab.gov/projects/active-projects/leases/
  • Leases FASAB Contact, Monica Valentine, [email protected], 202-512-7362 Project Objective: The FASAB has recently approved a Leases project whose goal is develop comprehensive lease accounting standards for the federal government. This project is being undertaken by the Board primarily because the current lease accounting standards, Statement of Federal Financial Accounting …
  • fasab.gov

Classified Activities – fasab.gov

  • https://fasab.gov/projects/active-projects/classified-activities/
  • Classified Activities FASAB Contact: Monica Valentine, [email protected], 202-512-7362 Project Objective: In August 2016, the Department of Defense (DoD or the Department) identified several areas for the Federal Accounting Standards Advisory Board’s consideration where the application of general accepted accounting principles may result in the exposure of classified information.
  • fasab.gov

Documents For Comment – fasab.gov

  • https://fasab.gov/board-activities/documents-for-comment/
  • Documents for Comment The following documents are open for comment. A document will remain on this list until the Board issues (1) a final Statement of Federal Financial Accounting Standards or other pronouncement or (2) a revised request for comment that replaces the original one. FASAB uses the following types of documents to request feedback from…
  • fasab.gov

History of FASAB – fasab.gov

  • https://fasab.gov/about-fasab/fasab-history/the-history-of-fasab/
  • History of FASAB How FASAB Came to Be (1990) The Early Years (1991 – 1996) GAAP Designation (1999) Additional Changes Resulting from GAAP Designation and Subsequent Sunset Reviews (1999 – 2010) How FASAB Came to Be (1990) In 1990, Congress passed the Chief Financial Officer’s Act (CFO Act), requiring audited financial statements, in accordance with…
  • fasab.gov

Federal Financial Reports – fasab.gov

  • https://fasab.gov/resources/federal-financial-reports/
  • Federal Financial Reports This page contains links to financial reports of the U.S. government and other federal agencies. These links are being provided as a resource for the many visitors to our Web site and should not be viewed as an endorsement of the documents, reports, or views contained therein. If you wish to suggest…
  • fasab.gov

Board Members – fasab.gov

  • https://fasab.gov/about-fasab/board-members/
  • Board Members D. Scott Showalter Mr. Showalter joined the Board in July 2009 and serves as its Chairman. He is a professor of practice at Poole College of Management, North Carolina State University and a retired partner from KPMG LLP. He served as a technical advisor and lead partner to many of KPMG’s largest and…
  • fasab.gov

Staff Members – fasab.gov

  • https://fasab.gov/about-fasab/our-staff/
  • Staff Members Additional Contact Information (PDF) Monica R. ValentinePhone: 202-512-7350 Executive Director Monica R. Valentine is the Executive Director of the Federal Accounting Standards Advisory Board (FASAB). Ms. Valentine serves as the technical director and program administrator for FASAB. Technical activities include developing accounting standards for federal government departments ...
  • fasab.gov

Note Disclosures – fasab.gov

  • https://fasab.gov/projects/active-projects/note_disclosures/
  • Note Disclosures FASAB Contact: Grace Wu, [email protected], 202-512-7377 Project Objective: The Federal Accounting Standards Advisory Board (FASAB) is undertaking this project primarily because recent FASAB survey results, as well as other accounting standards boards’ activities, suggest that improvements in disclosures are necessary. Note disclosures are an integral part of financial statements.
  • fasab.gov

Reporting Entity – fasab.gov

  • https://fasab.gov/projects/archived-projects/concepts-federal-entity/
  • Project Objective: FASAB addresses the entity issue in its Statement of Federal Financial Accounting Concepts (SFFAC) 2, Entity and Display. SFFAC 2 addresses: Reasons for Defining Reporting Entities Structure of the Federal Government Identifying the Reporting Entities for General Purpose Financial Reporting Criteria for Including Components in a Reporting Entity Other Aspects Concerning the ...
  • fasab.gov

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  • fasab.gov
  • Quick Links
  • Mailing List
  • FASAB Bits and Bytes
  • Episode II – New Lease Accounting Standards
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