FASAB Issues Technical Bulletin on Loss Allowance for Intragovernmental Receivables
February 24, 2020
The FASAB staff has issued Technical Bulletin 2020-1, Loss Allowance for
Intragovernmental Receivables, which “clarifies that the recognition of
losses, provided in paragraphs 40-52 of SFFAS 1, Accounting for Selected Assets
and Liabilities, applies to both intragovernmental receivables and
receivables from nonfederal entities.”
For more information, see the press
release on the FASAB’s Web site.