Words similar to fasab
Example sentences for: fasab
How can you use “fasab” in a sentence? Here are some example sentences to help you improve your vocabulary:
Therefore, FASAB believes that federal financial accounting concepts and standards should be considered in establishing systems and in maintaining day-to-day financial records as well as being applied to general purpose financial reports of U. S. Government reporting entities.
FASAB is publishing the Codification as a comprehensive basis of accounting for Federal reporting entities.
In that event, FASAB staff will provide written copies of the request to the Board members.
After deliberating the issue, the Board has concluded that additional investigation and further deliberation is required and has directed the FASAB staff to continue to research social insurance issues focusing especially on: identifying the characteristics of programs which should cause them to be subject to the guidance provided in a Statement on Social Insurance; the appropriate display of information in the financial statements; the identification of additional information, if any, which should be required for social insurance programs; the means for measurement of financial data included in such additional information; and, the desirability of nonfinancial indicators (ratios of data to GDP or "covered payroll") to describe the status of programs or the implications of potential changes to or needs of the programs.The Board has instructed the staff to be mindful of all current developments in structuring its research and its recommendations.
Concepts do not establish Federal financial accounting standards; rather they describe the concepts used by FASAB as a framework as it considers and recommends accounting principles for the Federal government.
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