Status of Interpretation No. 5

Summaries / Status

Status of Interpretation No. 5
Property Tax Revenue Recognition in Governmental Funds—an interpretation of NCGA Statement 1 and an amendment of NCGA Interpretation 3


Issued: November 1997

Effective Date:
Financial statements for periods beginning after June 15, 2000

Affects: Amends NCGAI 3, ¶8

Affected by: No other pronouncements

Primary Codification Section Reference: P70

Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
GASBIG - GASB Implementation Guides
NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
AICPA SOP - AICPA Statements of Position

AICPA ASLGU - AICPA Audit Guide (1974)
BFC - Basis For Conclusions