Pronouncements

Summaries / Status

Status of Statement No. 10
Accounting and Financial Reporting for Risk Financing and Related Insurance Issues

Status

Issued: November 1989

Effective Date:

  • Public entity risk pools—financial statements for periods beginning after June 15, 1990
  • Entities other than pools—financial statements for periods beginning after June 15, 1994 subject to the modified accrual basis of accounting for governmental funds (early application encouraged)
Affects:

  • Amends NCGAS 1, Summary Statement of Principles No. 12c and ¶46, ¶105, ¶122, ¶128, ¶129, ¶144, and ¶167
  • Amends NCGAS 4,  ¶14
  • Supersedes NCGAS 4, ¶15 and ¶18–¶21
  • Amends NCGAI 6, ¶4 and ¶5
  • Supersedes NCGAI 11
  • Amends SOP 80-2, ¶4
  • Amends GASBS 1, ¶8
Affected by:

  • Paragraph 1 amended by GASBS 49, ¶2
  • Paragraph 2 amended by GASBS 45, ¶4–¶9 and GASBS 47, ¶3
  • Paragraph 14 amended by GASBS 34
  • Paragraph 15 amended by GASBS 17, ¶6 and GASBS 34, ¶69
  • Footnote 12 amended by GASBS 14, ¶11 and ¶66 and GASBS 34, ¶138 and ¶139
  • Footnote 13 amended by GASBS 14, ¶11
  • Paragraph 19 amended by GASBI 4, ¶11 and ¶12
  • Paragraph 26 will be amended by GASBS 63
  • Paragraph 29 will be amended by GASBS 65, ¶20
  • Paragraph 30 will be superseded by GASBS 65, ¶4
  • Paragraph 35 superseded by GASBS 30, ¶4
  • Paragraph 36 superseded by GASBS 30, ¶5
  • Paragraph 37 amended by GASBI 4, ¶10
  • Paragraph 38 will be amended by GASBS 65, ¶20
  • Paragraphs 40 and 41 superseded by GASBS 31, ¶7–¶15
  • Paragraph 44 amended by GASBS 31, ¶6
  • Paragraph 45 will be amended by GASBS 62, ¶431–¶451 and GASBS 65, ¶22
  • Paragraph 46 amended by GASBS 31, ¶13
  • Footnote 7 will be amended by GASBS 62
  • Footnote 8 amended by GASBS 31, ¶13
  • Paragraph 47 superseded by GASBS 31, ¶7–¶13
  • Paragraph 48 will be amended by GASBS 63
  • Paragraph 49 amended by GASBS 30, ¶6, and will be amended by GASBS 63 and GASBS 65,¶20
  • Paragraph 50 superseded by GASBS 30, ¶7
  • Footnote 9 amended by GASBS 34, ¶6
  • Paragraph 52 amended by GASBS 34, ¶6 and will be amended by GASBS 66, ¶3
  • Paragraph 53 amended by GASBS 17, ¶6 and GASBS 34, ¶6
  • Paragraph 57 superseded by GASBS 30, ¶9
  • Paragraph 61 amended by GASBS 34, ¶6
  • Paragraphs 63 amended by GASBS 19, ¶4 and GASBS 34, ¶6, and will be superseded by GASBS 66, ¶3
  • Paragraph 64 amended by GASBS 17, ¶6; GASBS 19, ¶4; GASBS 34,
  • ¶79 and ¶112; and GASBI 6, ¶14, and will be amended by GASBS 66, ¶3
  • Paragraph 65 amended by GASBS 34, ¶6
  • Paragraph 67 amended by GASBS 34, ¶98
  • Paragraph 68 amended by GASBS 34, ¶112, and will be amended by GASBS 63
  • Paragraph 69 amended by GASBI 4, ¶4–¶8 and GASBS 34, ¶6
  • Paragraph 74 amended by GASBI 4, fn1
  • Paragraph 76 will be amended by GASBS 66, ¶3
  • Paragraph 77 amended by GASBS 30, ¶10 and GASBS
  • 34, ¶6
  • Paragraph 78 amended by GASBS 14, ¶11 and ¶63 and GASBS 34, ¶6
  • and ¶113
  • Paragraph 79 amended by GASBS 14, ¶65
  • Paragraph 80 amended by GASBS 34, ¶12, and will be amended by GASBS 63
  • Paragraph 82 superseded by GASBS 17, ¶6
  • Paragraph 130 will be amended by GASBS 65, ¶20
Other Interpretive Literature:

  • GASBQ&A 10
  • GASB Comprehensive Implementation Guide
     
Primary Codification Section References: C50, Po20
 


Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
BFC - Basis For Conclusions 		NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
SOP - AICPA Statements of Position
ASLGU - AICPA Audit Guide
GASB Q&A - GASB Implementation Guides