[Federal Register: December 3, 2002 (Volume 67, Number 232)] [Notices] [Page 71966] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr03de02-87] ----------------------------------------------------------------------- FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD Notice of New Exposure Draft Accounting for Imputed Intra- Departmental Costs: An Interpretation of SFFAS No. 4 Board Action: Pursuant to the Federal Advisory Committee Act (Pub. L. No. 92-463), as amended, and the FASAB rules of procedure, as amended in October, 1999, notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has published a new exposure draft, Accounting for Imputed Intra-departmental Costs: An interpretation of SFFAS No. 4. A Summary of the Proposed Interpretation Follows: The proposed interpretation clarifies that paragraph 110 of SFFAS No. 4 does not limit the recognition of imputed intra-departmental costs. The proposed interpretation further explains that intra-departmental costs should be accounted for in accordance with the full cost provisions of SFFAS No. 4, which includes the recognition of imputed intra-departmental costs. The exposure draft is available on the FASAB home page http://www.fasab.gov/exposure.htm. Copies can be obtained by contacting FASAB at (202) 512-7350, or loughanm@fasab.gov. Respondents are encouraged to comment on any part of the exposure draft. Written comments are requested by January 8, 2003, and should be sent to: Wendy M. Comes, Executive Director, Federal Accounting Standards Advisory Board, 441 G Street, NW., Suite 6814, Mail Stop 6K17V, Washington, DC 20548. FOR FURTHER INFORMATION CONTACT: Wendy Comes, Executive Director, 441 G Street, NW., Washington, DC 20548, or call (202) 512-7350. Authority: Federal Advisory Committee Act, Pub. L. No. 92-463. Dated: November 26, 2002. Wendy M. Comes, Executive Director. [FR Doc. 02-30579 Filed 12-2-02; 8:45 am] BILLING CODE 1610-01-M