Status of Interpretation No. 1

Summaries / Status

Status of Interpretation No. 1
Demand Bonds Issued by State and Local Governmental Entities—an interpretation of NCGA Statement 1 and NCGA Interpretation 9


Status

Issued: December 1984

Effective Date:
 
  • Paragraph 11—on issuance in December 1984
  • All other provisions—financial statements for fiscal years ended after June 15, 1985
Affects:
 
  • Amends NCGAS 1, ¶43, ¶107, and ¶109
  • Amends NCGAI 6, ¶5
Affected by:
 
  • Paragraph 6 amended by GASBS 34, ¶82
  • Paragraphs 7 and 8 amended by GASBS 62, ¶29-¶43
  • Paragraph 10 amended by GASBS 34, ¶12, ¶82, ¶91, and ¶97 and GASBS 63, ¶8
  • Paragraph 11 will be amended by GABS 88, ¶6
  • Paragraph 13 amended by GASBS 34, ¶82
  • Footnote 2 amended by GASBS 34, ¶82 and ¶97 and GASBS 62, ¶29-¶43

Other Interpretive Literature: GASB Implementation Guide 2015-1

Primary Codification Section Reference: D30
 


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

STANDARDS & GUIDANCE