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FASAB releases standard for accounting and reporting for federal land

Antonio G Ginting 3 weeks ago
FASAB releases standard for accounting and reporting for federal land

The Federal Accounting Standards Advisory Board released a standard Friday for accounting and financial reporting on government-owned land and delayed the effective date due to the pandemic. Statement of Federal Financial Accounting Standards (SFFAS) 59, “Accounting and Reporting of Government Land,” aims to provide more consistent accounting treatment and reporting […]

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