Status of Statement No. 48

Summaries / Status

Status of Statement No. 48
Sales and Pledges of Receivables and Future Revenues and Intra-Entity Transfers of Assets and Future Revenues


Status


Issued: September 2006

Effective Date:

    For periods beginning after December 15, 2006

Affects:

  • Amends GASBS 34, ¶58, ¶61, and ¶100
  • Supersedes GASBTB 2004-1, ¶16–¶23

Affected by:

  • Paragraph 11 amended by GASBS 63, ¶8
  • Paragraph 12 amended by GASBS 63, ¶8
  • Paragraph 13 amended by GASBS 65, ¶31
  • Paragraph 14 amended by GASBS 65, ¶12
  • Paragraph 15 amended by GASBS 65, ¶13
  • Footnote 4 superseded by GASBS 65, fn5
  • Paragraph 16 amended by GASBS 65, ¶31

Other Interpretive Literature:

    GASB Comprehensive Implementation Guide

Primary Codification Section Reference: S20


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