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SFFAS

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AcronymDefinition
SFFASStatement of Federal Financial Accounting Standards
SFFASSan Francisco Fall Antiques Show
SFFASSuperfund Financial Assessment System (EPA)


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SFFAS 5 provides standards for several types of liabilities, some of which require present value valuations.
Amending SFFAS 4, Managerial Cost Accounting Standards and Concepts) The Federal Accounting Standards Advisory Board (FASAB or "the Board") was established by the Secretary of the Treasury, the Director of the Office of Management and Budget (OMB), and the Comptroller General in October 1990.
SFFAS 27, Identifying and Reporting Earmarked Funds, clarifies the term trust fund, which, in the federal budget, pertains to nonfiduciary assets--mostly government-owned assets intended to fully or partially finance specific federal programs.
 
 
 
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