Pronouncements

Summaries / Status

Status of Statement No. 29
The Use of Not-for-Profit Accounting and Financial Reporting Principles by Governmental Entities

Status


Issued: August 1995 

Effective Date:

For periods beginning after December 15, 1994 (earlier application encouraged; however, the modification of the AICPA Not-for-Profit model for certain GASB pronouncements is effective for entities that previously have not applied those pronouncements for periods beginning after December 15, 1995)

Affects:

  • Amends GASBS 4, ¶10
  • Amends GASBS 8, ¶11
  • Amends GASBS 20, ¶7

Affected by:

  • Paragraphs 1 and 3 superseded by GASBS 34, ¶3
  • Paragraph 4 amended by GASBS 34, ¶3 and ¶94 and will be superseded by GASBS 62
  • Paragraph 5 amended by GASBS 34, ¶3, ¶134–¶141, and ¶147 and will be superseded by GASBS 62
  • Paragraph 6 and footnote 3 superseded by GASBS 34, ¶3 and ¶134–¶141
  • Paragraph 7 amended by GASBS 34, ¶94 and will be superseded by GASBS 62
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Primary Codification Section Reference: Sp20


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