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Accounting Briefs


	Information by State Esta página en español Print version

Accounting Brief No. 1- Auditor Independence Discusses auditor involvement in GAAP conversion entries and whether independence is impaired. (2pgs/22k)

	Accounting Brief No. 2- Debt Classification A table summarizing different types of HUD debt and compliments GAAP Flyer No.4: Accounting for PHA Debt.(3pgs/27k)
	Accounting Brief No. 3- Accounting Changes and Prior Period Adjustments An in-depth discussion of how accounting changes and prior period adjustments impact on GAAP prepared statements. (2pgs/26k)
	Accounting Brief No. 4- Audits Below the Single Audit Act (SAA) Threshold PHAs expending less than $500,000 in total Federal funds in a year. (1pgs/14k)
	Accounting Brief No. 5- Audit Cost Reimbursements Deals with the issue of whether audit costs of non A-133 audits can be reimbursed from Public Housing operating subsidy. (2pgs/19k)
	Accounting Brief No. 6- Compensated Absences and Capital Grants Discusses the accounting for compensated absences under grant programs. (3pgs/27k)
	Accounting Brief No. 7- Disallowed Costs Discusses the proper accounting treatment of costs that have been disallowed as program expenditures (expenses) by an auditor.(4pgs/25k)
	Accounting Brief No. 8- Component Unit Resident Management Corporation (RMC) Costs Discusses the treatment of costs incurred by RMCs and its relationship to the Low Rent Public Housing program. (5pgs/27k)
	Accounting Brief No. 9- Comprehensive and CIAP Grant Draw Down Provisions An in-depth discussion on the treatment of Comp.Grant and CIAP funds transferred to the Low-Rent Public Housing program. (6pgs/33k)
	Accounting Brief No. 10- Clarification of PHA Reporting Requirements and OMB Circular A-133 Implications: A response to the many questions that FASS-PHA has received regarding the Financial Data Schedule (FDS) and the FASS-PHA Data Collection Form (DCF) reporting requirements.(9pgs/104k)
	Accounting Brief No. 11- Accounting and Financial Reporting for Nonexchange Transactions: GASB No. 33: Discusses the treatment of non-exchange transactions (operating subsidies and grants) upon implementation of Government Accounting Standards Board (GASB) Statement #33. This Statement is effective for PHA fiscal years beginning after June 15, 2000. (3pgs/43k)
	Accounting Brief No. 12 - The purpose of this brief is to clarify operating and capital revenue reporting for grant programs using full accrual after GASB Statement No. 33 has been implem ented. (Updated 12/28/2001)
	Accounting Brief No. 13 - This brief discusses the specific changes that have been made to the Financial Data Schedule (FDS) to facilitate preparation of GASB #34 financial statements. The areas covered are the: (1) elimination and creation of FDS line items and (2) impact of these changes on a PHA's FASS score.

Content current as of 4 January 2005

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