Various Sections – Reformatted to new policy format and completed five-year update to reorganize chapter layout
Section 0603 Definitions – Updated Allowance for Loss on Accounts Receivable as rescission of policy prohibiting recording of Loss Allowances on Intragovernmental Receivables (September 15, 2017)
Section 0604 Roles and Responsibilities – Removed OFP Roles and Responsibilities from Chapter. Added OFR to reflect reporting responsibilities to align tasks to specific offices
Section 0605 Policies – Updated Policy Statements to properly reflect VA’s accounts and interest receivable accounting and reporting requirements per updated guidance
Section 0606 Authorities and References – Added new FASAB Technical Bulletin (FASAB Technical Bulletin 2020-1, Interpretation of Federal Financial Accounting Standards 9, Loss Allowance for Intragovernmental Receivables)
Appendix A – Moved revisions prior to June 2021 to Appendix A for functional placement
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