Status of Statement No. 61

Summaries / Status

Status of Statement No. 61
The Financial Reporting Entity: Omnibus—an amendment of GASB Statements No. 14 and No. 34


Status


Issued:November 2010

Effective date: For periods beginning after June 15, 2012

Affects:
  • Amends NCGAS1, Summary Statement of Principles No. 12
  • Amends GASBS 14, ¶12, ¶20, ¶21, ¶27, ¶34–39, ¶41, ¶51, ¶53–55, ¶61, ¶63, ¶66, ¶73, ¶74, and ¶78 and fn7
  • Amends GASBS 31, ¶5
  • Amends GASBS 34, ¶35
Affected by:
  • Paragraph 7 amended by GASBS 63, ¶8
  • Paragraph 9 amended by GASBS 63, ¶7, ¶8, and ¶12
  • Paragraph 12 amended by GASBS 63, ¶8
  • Paragraph 13 amended by GASBS 63, ¶8 
Primary Codification Section References: 2100, 2600


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