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Summaries / Status

Status of Statement No. 34
Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments

Status

Effective Date:

In three phases based on a government's total annual revenues, beginning with periods beginning after June 15, 2001 and continuing through periods beginning after June 15, 2003

• Amends NCGAS 1, Summary Statement of Principles Nos. 1, 2, 3, 5, 8, 12 and ¶2–¶4, ¶16–¶18, ¶22, ¶25–¶27, ¶32, ¶42–¶44, ¶46, ¶57, ¶59, ¶61, ¶72, ¶76, ¶99, ¶100, ¶107, ¶108, ¶114, ¶117, ¶123, ¶125, ¶128, ¶129, ¶131, ¶133, ¶135, ¶138, ¶139, ¶143, ¶145, ¶147, ¶155–¶159, ¶161, and ¶173–¶175
• Supersedes NCGAS 1, Summary Statement of Principles Nos. 6, and 7 and fn4; ¶19, ¶20, ¶34–¶41, ¶45, ¶47–¶56, ¶60, ¶71, ¶74, fn16, ¶98, ¶101–¶106, ¶122, ¶136, ¶137, ¶140–¶142, ¶144, ¶146, ¶148–¶154, ¶162–¶164, and ¶166–¶171
• Supersedes NCGAS 2, ¶15, ¶16, and ¶18
• Supersedes NCGAS 4, ¶5–¶7
• Amends NCGAS 4, ¶9, ¶13, ¶16, and ¶17
• Amends NCGAS 5, ¶5, ¶6, ¶10, ¶11, ¶14–¶17, ¶22, and ¶24
• Supersedes NCGAS 5, ¶8 and ¶9
• Supersedes NCGAI 2
• Amends NCGAI 3, ¶3
• Supersedes NCGAI 5
• Amends NCGAI 6, ¶2, ¶4, ¶5, and ¶8
• Supersedes NCGAI 6, ¶3
• Amends NCGAI 8, ¶12
• Amends NCGAI 9, ¶9 and ¶12
• Amends NCGAI 10, ¶11, ¶13–¶15, and ¶25
• Supersedes NCGAI 10, ¶2 and ¶12
• Supersedes AICPA SOP 77-2
• Supersedes AICPA SOP 78-7
• Supersedes AICPA SOP 80-2, ¶4 and ¶5
• Amends GASBS 1, ¶8
• Amends GASBS 3, ¶63–¶65 and ¶70
• Amends GASBS 6, ¶13–¶15, ¶17, ¶19, and ¶23
• Amends GASBS 7, ¶1, ¶3, ¶7, ¶8, ¶10, ¶11, ¶13, and ¶14
• Supersedes GASBS 7, ¶9 and fn1
• Amends GASBS 8, ¶10, ¶11, and fn3
• Amends GASBS 9, ¶1, ¶4–¶7, ¶17, ¶18, ¶21, ¶22, ¶31–¶34, ¶36, and fn12
• Supersedes GASBS 9, fn1 and fn8
• Amends GASBS 10, ¶52, ¶53, ¶61, ¶63–¶65, ¶67–¶69, ¶77, ¶78, ¶80, fn 9, and fn12
• Supersedes GASBS 11, ¶1–¶39, ¶62, ¶63, ¶68–¶76, ¶81–¶99, and ¶260
• Amends GASBS 12, ¶1 and ¶12
• Amends GASBS 13, ¶1, ¶4, ¶7, ¶9, and ¶10
• Amends GASBS 14, ¶9, ¶11, ¶12, ¶19, ¶42, ¶44, ¶50–¶52, ¶54, ¶58, ¶60, ¶63, ¶65, ¶73, ¶74, ¶78, and ¶131
• Supersedes GASBS 14, ¶45–¶47, ¶49, ¶56, and ¶57
• Amends GASBS 16, ¶1, ¶5, ¶10, ¶13, and ¶14
• Supersedes GASBS 17, ¶1–¶3, ¶5, and ¶7
• Amends GASBS 17, ¶4 and ¶6
• Amends GASBS 18, ¶3, ¶5, ¶7, ¶10, ¶11, ¶16, ¶17, and fn2
• Supersedes GASBS 20, ¶4 fn1, and fn2
• Amends GASBS 20, ¶5–¶9
• Amends GASBS 21, ¶3–¶6
• Amends GASBS 23, ¶1, ¶3, ¶4, and ¶6 and fn5
• Amends GASBS 24, ¶5 and ¶13
• Supersedes GASBS 24, ¶14
• Amends GASBS 25, ¶13, ¶14, ¶17, and ¶44, and fn2
• Supersedes GASBS 25, fn9
• Amends GASBS 26, ¶4, fn3, and fn4
• Amends GASBS 27, ¶3, ¶4, ¶9, ¶15–¶17, ¶19, ¶23, ¶25, ¶39, and fn14
• Amends GASBS 28, ¶4, ¶10, fn3, fn6, and fn9
• Amends GASBS 29, ¶4, ¶5, and ¶7
• Supersedes GASBS 29, ¶1, ¶3,and ¶6 and fn1
• Amends GASBS 31, ¶7, ¶13, ¶14, ¶18, ¶19 and fn8
• Amends GASBS 32, ¶4 and ¶6
• Amends GASBS 33, ¶11, ¶29, and fn11
• Amends GASBI 1, ¶6, ¶10, ¶13, and fn2
• Amends GASBI 2, ¶3 and ¶4
• Amends GASBI 3, ¶3, ¶4, fn1–fn3
• Amends GASBI 4, ¶6
• Amends GASBTB 94-1, fn5

Affected by:

• Footnote 3 superseded by GASBS 35, ¶5
• Paragraph 11 amended by GASBS 37, ¶4 and ¶5, and will be amended by GASBS 63
• Paragraph 12 will be amended by GASBS 63
• Paragraph 13 will be amended by GASBS 63
• Paragraph 16 will be amended by GASBS 63
• Paragraph 17 will be superseded by GASBS 62
• Footnote 12 will be amended by GASBS 62
• Footnote 13 will be amended by GASBS 62 and GASBS 63
• Paragraph 18 amended by GASBS 37, ¶6
• Paragraphs 19 amended by GASBS 42, fn1 and GASBS 51, ¶5 and ¶17
• Paragraph 20 will be amended by GASBS 63
• Paragraph 21 amended by GASBS 42, ¶9 and GASBS 51, ¶17
• Paragraph 25 amended by GASBS 37, ¶8
• Paragraph 30 will be amended by GASBS 63
• Footnote 23 will be amended by GASBS 63
• Paragraph 32 will be superseded by GASBS 63
• Paragraph 33 will be superseded by GASBS 63
• Paragraph 34 amended by GASBS 46, ¶2, and will be amended by GASBS 63
• Footnote 24 amended by GASBS 54, ¶8, and will be amended by GASBS 63
• Footnote 25 will be amended by GASBS 62
• Paragraph 35 will be amended by GASBS 61 and GASBS 63
• Paragraph 36 will be superseded by GASBS 63
• Paragraph 37 amended by GASBS 54, ¶10–¶16, and will be amended by GASBS 63
• Paragraph 38 amended by GASBS 37, ¶11, and will be amended by GASBS 63
• Paragraph 39 superseded by GASBS 37, ¶10
• Paragraph 48 amended by GASBS 37, ¶12
• Paragraph 49 superseded by GASBS 37, ¶13
• Paragraph 53 will be amended by GASBS 63
• Paragraph 54 will be amended by GASBS 63
• Paragraph 55 will be amended by GASBS 62
• Paragraph 57 will be amended by GASBS 63
• Paragraph 58 amended by GASBS 48, fn4, and will be amended by GASBS 63 and GASBS 65, ¶13
• Paragraph 61 amended by GASBS 48, fn4, and will be amended by GASBS 63 and GASBS 65, ¶13
• Paragraph 62 will be amended by GASBS 63
• Paragraph 64 amended by GASBS 54, ¶28–¶35
• Paragraph 65 amended by GASBS 54, ¶35
• Paragraph 66 will be amended by GASBS 63
• Paragraph 67 amended by GASBS 37, ¶14
• Paragraph 69 will be amended by GASBS 63
• Paragraph 76 amended by GASBS 37, ¶15, and will be amended by GASBS 65, ¶33
• Paragraph 80 will be amended by GASBS 63
• Paragraph 81 amended by GASBS 47, ¶3
• Paragraph 82 will be amended by GASBS 63
• Paragraph 83 will be amended by GASBS 63
• Paragraph 84 superseded by GASBS 54, ¶22 and ¶25
• Paragraph 85 will be amended by GASBS 63
• Footnote 38 amended by GASBS 54, ¶22
• Paragraph 87 will be amended by GASBS 65, ¶31
•  
• Paragraph 88 amended by GASBS 37, ¶16
• Paragraph 90 will be amended by GASBS 63
• Paragraph 91 will be amended by GASBS 63
• Footnote 39 will be amended by GASBS 63
• Footnote 40 will be superseded by GASBS 63
• Paragraph 92 will be amended by GASBS 63
• Paragraphs 93 and 94 will be superseded by GASBS 62
• Paragraph 95 will be amended by GASBS 62
• Paragraph 97 will be amended by GASBS 62 and GASBS 63
• Paragraph 98 will be amended by GASBS 63
• Paragraph 99 will be amended by GASBS 63
• Paragraph 100 amended by GASBS 48, ¶21, and will be amended by GASBS 63
• Paragraph 101 will be amended by GASBS 63
• Paragraph 103 will be amended by GASBS 63
• Paragraph 104 will be amended by GASBS 63
• Paragraphs 106 amended by GASBS 43, ¶15, and will be amended by GASBS 63
• Footnote 43 amended by GASBS 43, ¶11, and will be amended by GASBS 63
• Footnote 44 amended by GASBS 43, ¶11
• Paragraph 107 amended by GASBS 43, ¶11 and ¶24
• Paragraphs 108 and 109 amended by GASBS 43, ¶11, and will be amended by GASBS 63
• Paragraph 110 will be amended by GASBS 63
• Paragraph 112 will be amended by GASBS 63
• Paragraph 115 will be amended by GASBS 62 and GASBS 63
• Paragraph 116 will be amended by GASBS 63
• Paragraph 121 will be amended by GASBS 63
• Paragraph 122 amended by GASBS 37, ¶17, and will be amended by GASBS 63
• Paragraph 125 will be amended by GASBS 63
• Paragraph 126 amended by GASBS 37, ¶18, and will be amended by GASBS 63
• Footnote 51 will be amended by GASBS 63
• Paragraph 127 will be amended by GASBS 63
• Paragraph 130 and footnote 53 amended by GASBS 41, ¶3
• Paragraph 131 amended by GASBS 37, ¶19
• Paragraph 136 will be amended by GASBS 63
• Paragraph 138 will be amended by GASBS 63
• Paragraph 139 will be amended by GASBS 63
• Paragraph 140 amended by GASBS 43, ¶11, and will be amended by GASBS 63
• Footnote 63 amended by GASBS 43, ¶12
• Footnote 64 amended by GASBS 43, ¶13
• Paragraph 141 amended by GASBS 43, ¶11
• Paragraph 144 amended by GASBS 37, ¶9
• Paragraph 146 amended by GASBS 37, ¶7
• Paragraph 147 will be amended by GASBS 62

Other Interpretive Literature:

• GASBQ&A 34, GASBQ&A 34B
• GASB Comprehensive Implementation Guide

Primary Codification Section Reference: Throughout
 

Abbreviations for Accounting Pronouncements