Status of Statement No. 33

Summaries / Status

Status of Statement No. 33
Accounting and Financial Reporting for Nonexchange Transactions

Status


Issued: December 1998

Effective Date: For periods beginning after June 15, 2000

Affects:

  • Supersedes AICPA SOP 75-3
  • Supersedes NCGAS 2, ¶1–¶14, ¶17, ¶19, and ¶20
  • Amends NCGAI 3, ¶7
  • Supersedes NCGAI 3, ¶9
  • Amends GASBS 1, ¶8
  • Amends GASBS 6, ¶14, ¶15, and ¶23
  • Supersedes GASBS 11, ¶40–¶61 and fn11–fn20
  • Supersedes GASBS 22
  • Superseded GASBS 24, fn1

Affected by:

  • Paragraph 5 amended by GASBS 68, ¶5 and GASBS 70, ¶4
  • Paragraph 5 will be amended by GASBS 68, ¶5
  • Paragraph 11 amended by GASBS 34, ¶79 and GASBS 35, ¶5
  • Footnote 7 amended by GASBS 62, ¶100
  • Paragraph 14 amended by GASBS 63, ¶8
  • Footnote 9 amended by GASBS 54, ¶5
  • Paragraph 15  amended by GASBS 65, ¶31
  • Paragraph 16 amended by GASBS 65, ¶31
  • Paragraph 18 amended by GASBS 65, ¶9
  • Paragraph 19 amended by GASBS 65, ¶10
  • Paragraph 21 amended by GASBS 65, ¶10
  • Paragraph 22 amended by GASBS 63, ¶8
  • Footnote 11 amended by GASBS 34, ¶28
  • Footnote 13 superseded by GASBS 54, ¶5
  • Paragraph 28 superseded by GASBS 36, ¶2
  • Paragraph 29 amended by GASBS 34, ¶79

Other Interpretive Literature:

  • GASBTB 2006-1 (Provides guidance on ¶7)
  • GASB Comprehensive Implementation Guide

Primary Codification Section Reference: N50



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