Government


The Federal Accounting Standards Advisory Board (FASAB) released an exposure draft of Technical Bulletin 2009-1, Deferral of the Effective Date of Technical Bulletin 2006-1, Recognition and Measurement of Asbestos-Related Cleanup Costs. The proposed technical bulletin’s purpose is to defer the effective date of Technical Bulletin 2006-1 for two years to give federal agencies time to resolve implementation issues identified since TB 2006-1 was originally issued.

 

Comments were due by July 17. If TB 2009-1 is adopted, the effective date of TB 2006-1 would be changed to periods beginning after Sept. 30, 2011. The ED is available at fasab.gov/exposure.html.

 

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Maximizing the higher education tax credits

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Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.