Status of Statement No. 13

Summaries / Status

Status of Statement No. 13
Accounting for Operating Leases with Scheduled Rent Increases

Status

Issued: May 1990

Effective Date:

  • Proprietary and similar trust funds: prospectively for leases with terms beginning after June 30, 1990
  • Governmental and similar trust funds:
    • Measurement criteria—prospectively for leases with terms beginning after June 30, 1990
    • Recognition criteria—two changes: one for financial statements for periods ending after June 30, 1990; the other for financial statements for periods approximately two years after an implementation standard is issued (early application not permitted)
Affects:

  • Amends NCGAS 1, ¶43
  • Amends NCGAS 5, ¶11 and ¶16
  • Amends NCGAI 6, ¶ 5

Affected by:

  • Paragraph 1 amended by GASBS 34, ¶3
  • Paragraph 4 amended by GASBS 34, ¶3
  • Footnote 3 will be amended by GASBS 62, ¶211-¶271
  • Paragraph 7 amended by GASBS 34, ¶16, ¶78, ¶92, and ¶107
  • Paragraph 9 amended by GASBS 17, ¶7 ; GASBS 34, ¶6, ¶69, ¶79, ¶82, ¶83, and ¶119; and GASBS 65, ¶30
  • Paragraph 10 amended by GASBS 34, ¶98 and ¶108

Primary Codification Section Reference: L20



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