Transcription of Status - FASAB
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Statement of Federal Financial Accounting Standards 5: Accounting for Liabilities of The Federal Government Status Issued December 20, 1995. Effective Date for fiscal years beginning after September 30, 1996. Interpretations and Technical Interpretation 2, Accounting for Treasury Judgment Fund Transactions Releases Interpretation 3, Measurement Date for Pension and Retirement Health Care Liabilities Interpretation No. 4, Accounting for Pension Payments in Excess of Pension Expense TR 1, Audit Legal Letter Guidance TR 2, Environmental Liabilities Guidance TR 12, Accrual Estimates for Grant Programs Affects SFFAS 1, by amending the definition of liability.
SFFAS 5 Page 5 - SFFAS 5 FASAB Handbook, Version 17 (06/18) • Insurance and guarantee programs—All federal insurance and guarantee programs7 (except social insurance and loan guarantee programs8) should refer to SFFAS 51 for guidance. 7Social insurance in considered to be a separate progra m type not included within in surance and guar antee programs.
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