Pronouncements

Summaries / Status

Status of Statement No. 7
Advance Refundings Resulting in Defeasance of Debt

Status

Issued: March 1987

Effective Date: Fiscal periods beginning after December 15, 1986

Affects:

  • Amends NCGAS 1, fn20
  • Amends NCGAS 1, ¶108 and ¶109
  • Amends NCGAI 6, ¶5
  • Amends NCGAI 9, ¶13 and ¶14, which superseded NCGAS 1, ¶107 fn20

Affected by:

  • Footnote 1 superseded by GASBS 34, ¶64 and ¶66
  • Paragraphs 1 and 7 amended by GASBS 34, ¶82 and ¶138
  • Paragraph 3 amended by GASBS 34, ¶6
  • Paragraph 8 amended by GASBS 34, ¶82 and ¶88
  • Paragraph 9 superseded by GASBS 34, ¶82
  • Paragraph 10 amended by GASBS 34, ¶6 and ¶82
  • Paragraph 11 amended by GASBS 34, ¶82 and GASBS 53, ¶24
  • Paragraph 13 amended by GASBS 14, ¶11 and ¶63 and GASBS 34, ¶113
  • Paragraph 14 amended by GASBS 14, ¶62 and GASBS 34, ¶113

Primary Codification Section Reference: D20


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