Status of Statement No. 62

Summaries / Status

Status of Statement No. 62
Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements


Status

Issued:December 2010

Effective date: For periods beginning after December 15, 2011

Affects:
  • Supersedes GASBS 10, fn7
  • Amends GASBS 10, ¶83
  • Amends GASBS 13, fn3
  • Supersedes GASBS 20
  • Amends GASBS 23, ¶6
  • Supersedes GASBS 29, ¶4, ¶5, and ¶7
  • Supersedes GASBS 31, fn6
  • Amends GASBS 31, ¶5
  • Amends GASBS 33, fn7
  • Supersedes GASBS 34, ¶17, ¶93, and ¶94
  • Amends GASBS 34, ¶55, ¶95, ¶97, ¶115, ¶147, and fn12, fn13, and fn25
  • Amends GASBS 42, fn2 and ¶17
  • Amends GASBS 49, fn2 and fn9
  • Amends GASBS 53, fn8
  • Amends GASBS 55, ¶6
  • Supersedes GASBS 56, fn1
  • Amends GASBI 1, ¶7 and ¶8
  • Supersedes NCGAS 1, ¶117 and ¶127
  • Amends NCGAS 1, ¶42 and fn7
  • Amends NCGAS 4, ¶14
  • Amends NCGAS 5, ¶11, ¶12, ¶16, ¶18, ¶22, and ¶24–¶27
  • Amends NCGAI 9, ¶12
Affected by:
  • Paragraph 3 will be amended by GASBS 87, ¶20 and ¶30
  • Paragraph 5 will be amended by GASBS 87, ¶20 and ¶30
  • Footnote 1 amended by GASBS 65, ¶15
  • Footnote 2 amended by GASBS 63, ¶8
  • Paragraph 6 will be amended by GASBS 87, ¶24
  • Paragraph 29 amended by GASBS 63, ¶8
  • Paragraph 30 amended by GASBS 65, ¶31
  • Paragraph 31 amended by GASBS 65, ¶31
  • Paragraph 34 amended by GASBS 63, ¶8; will be amended by GASBS 84, ¶5
  • Footnote 12 will be amended by GASBS 87, ¶53
  • Paragraph 44 amended by GASBS 63, ¶8
  • Footnote 23 amended by GASBS 63, ¶8
  • Paragraph 51 amended by GASBS 63, ¶8
  • Paragraph 52 amended by GASBS 63, ¶8
  • Footnote 24 amended by GASBS 63, ¶8
  • Footnote 25 amended by GASBS 63, ¶8
  • Paragraph 55 amended by GASBS 63, ¶8
  • Footnote 28 amended by GASBS 63, ¶8
  • Paragraph 59 amended by GASBS 63, ¶8
  • Footnote 30 amended by GASBS 63, ¶8
  • Paragraph 60 amended by GASBS 63, ¶8
  • Paragraph 61 amended by GASBS 63, ¶8
  • Footnote 33 amended by GASBS 63, ¶8
  • Paragraph 62 amended by GASBS 63, ¶8
  • Paragraph 64 amended by GASBS 76, ¶4
  • Paragraph 69  amended by GASBS 65, ¶31
  • Paragraph 70 amended by GASBS 65, ¶31
  • Paragraph 74 amended by GASBS 65, ¶31 and GASBS 76, ¶4
  • Paragraph 75 amended by GASBS 63, ¶8
  • Paragraph 76 amended by GASBS 63, ¶8
  • Paragraph 77 amended by GASBS 63, ¶8
  • Footnote 35 amended by GASBS 63, ¶8
  • Paragraph 78 amended by GASBS 63, ¶8
  • Paragraph 79 amended by GASBS 63, ¶8
  • Paragraph 80 amended by GASBS 63, ¶8
  • Paragraph 81 amended by GASBS 63, ¶8
  • Paragraph 82 amended by GASBS 76, ¶4
  • Paragraph 85 amended by GASBS 63, ¶8
  • Paragraph 87 amended by GASBS 63, ¶8
  • Paragraph 89 amended by GASBS 63, ¶8
  • Footnote 37 amended by GASBS 63, ¶8
  • Footnote 38 amended by GASBS 70, ¶4
  • Paragraph 98 amended by GASBS 70, ¶4
  • Paragraph 99 amended by GASBS 70, ¶4
  • Paragraph 108 amended by GASBS 63, ¶8
  • Footnote 42 amended by GASBS 63, ¶8
  • Paragraph 109 amended by GASBS 70, ¶4
  • Paragraph 110 amended by GASBS 63, ¶8 and GASBS 70, ¶4
  • Paragraph 113 will be amended by GASBS 87, ¶39
  • Paragraph 121 amended by GASBS 65, ¶31
  • Paragraph 123 amended by GASBS 63, ¶8
  • Footnote 44 amended by GASBS 63, ¶8
  • Paragraph 124 amended by GASBS 70, ¶2 and GASBS 86, ¶4–¶11
  • Footnote 48 amended by GASBS 63, ¶8
  • Paragraph 127 amended by GASBS 65, ¶15 and GASBS 86, ¶9
  • Paragraph 131 amended by GASBS 63, ¶8
  • Footnote 51 amended by GASBS 63, ¶8
  • Paragraph 135 will be amended by GASBS 87, ¶3–¶8 and ¶10–¶91
  • Paragraph 137 amended by GASBS 65, ¶15; and GASBS 72, ¶5–¶58
  • Footnote 54 superseded by GASBS 72, ¶5–¶58
  • Footnote 57 amended by GASBS 63, ¶8
  • Footnote 58 amended by GASBS 65, ¶15
  • Footnote 66 amended by GASBS 63, ¶8
  • Paragraph 162 amended by GASBS 63, ¶8
  • Paragraph 187 amended by GASBS 63, ¶8 and GASBS 65, ¶15
  • Footnote 75 amended by GASBS 63, ¶8
  • Footnote 76 amended by GASBS 63, ¶8
  • Footnote 79 amended by GASBS 63, ¶8
  • Paragraph 203 amended by GASBS 72, ¶78
  • Paragraph 204 amended by GASBS 72, ¶77
  • Paragraph 209 amended by GASBS 63, ¶8 and GASBS 69, ¶39
  • Footnote 81 amended by GASBS 63, ¶8
  • Footnote 82 amended by GASBS 63, ¶8
  • Paragraphs 211–218 will be superseded by GASBS 87, ¶3
  • Footnotes 85–94 will be superseded by GASBS 87, ¶3
  • Footnote 95 amended by GASBS 63, ¶8; will be superseded by GASBS 87, ¶3
  • Paragraphs 219 and 220 will be superseded by GASBS 87, ¶3
  • Footnotes 96 and 97 will be superseded by GASBS 87, ¶3
  • Paragraph 221 amended by GASBS 65, ¶7 and ¶15; will be superseded by GASBS 87, ¶3
  • Footnote 98 will be superceded by GASBS 87, ¶3
  • Paragraph 222 superseded by GASBS 66, ¶4
  • Paragraph 223 will be superseded by GASBS 87, ¶3
  • Paragraph 224 amended by GASBS 63, ¶8; will be superseded by GASBS 87, ¶3
  • Footnotes 99–105 will be superseded by GASBS 87, ¶3
  • Paragraph 225 will be supserseded by GASBS 87, ¶3
  • Paragraph 226 amended by GASBS 63, ¶8; will be superseded by GASBS 87, ¶3
  • Footnotes 106–108 will be superseded by GASBS 87, ¶3
  • Paragraph 227 amended by GASBS 63, ¶8; GASBS 65, ¶17; and GASBS 66, ¶4; will be superseded by GASBS 87, ¶3
  • Paragraphs 228–241 will be superseded by GASBS 87, ¶3
  • Footnotes 109–111 will be superseded by GASBS 87, ¶3
  • Paragraph 242 amended by GASBS 65, ¶18; will be superseded by GASBS 87, ¶3
  • Footnote 112 amended by GASBS 65, fn6; will be superseded by GASBS 87, ¶3
  • Footnote 113 amended by GASBS 65, fn7; will be superseded by GASBS 87, ¶3
  • Paragraph 243–271 will be superseded by GASBS 87, ¶3
  • Footnotes 114–141 will be superseded by GASBS 87, ¶3
  • Paragraph 320 will be amended by GASBS 87, ¶82–¶86
  • Paragraph 323 amended by GASBS 65, ¶31
  • Footnote 163 amended by GASBS 63, ¶8
  • Paragraph 339 amended by GASBS 63, ¶8
  • Paragraph 351 will be amended by GASBS 87, ¶20 and ¶40
  • Paragraph 368 will be amended by GASBS 87, ¶40
  • Paragraph 369 will be amended by GASBS 87, ¶40
  • Paragraph 370 will be amended by GASBS 87, ¶53 and ¶54
  • Paragraph 373 amended by GASBS 72, ¶5
  • Footnote 165 amended by GASBS 63, ¶8
  • Paragraph 404 amended by GASBS 65, ¶20
  • Paragraph 409 amended by GASBS 63, ¶8 and GASBS 72, ¶5–¶58
  • Footnote 200 amended by GASBS 63, ¶8
  • Paragraph 413 amended by GASBS 65, ¶20
  • Paragraph 414 superseded by GASBS 65, ¶20
  • Paragraph 416 amended by GASBS 65, ¶20
  • Paragraph 417 amended by GASBS 65, ¶20
  • Footnote 202 amended by GASBS 63, ¶8
  • Paragraph 419 amended by GASBS 65, ¶20
  • Paragraph 424 amended by GASBS 72, ¶64
  • Paragraph 425 amended by GASBS 72, ¶64
  • Paragraph 428 amended by GASBS 63, ¶8 and GASBS 85, ¶6
  • Paragraph 429 amended by GASBS 65, ¶20
  • Paragraph 430 amended by GASBS 63, ¶8
  • Paragraph 432 amended by GASBS 63, ¶8
  • Footnote 205 amended by GASBS 63, ¶8
  • Paragraph 433 amended by GASBS 65, ¶24 and GASBS 66, ¶5
  • Paragraph 434 amended by GASBS 65, ¶22
  • Footnote 206 superseded by GASBS 65, ¶22
  • Paragraph 437 amended by GASBS 65, ¶23
  • Paragraph  438 amended by GASBS 65, ¶22
  • Paragraph 439 amended by GASBS 65, ¶22
  • Paragraph 440 amended by GASBS 65, ¶22
  • Footnote 209 amended by GASBS 65, ¶22 and GASBS 69, ¶39
  • Paragraph 442 amended by GASBS 65, ¶24 and GASBS 66, ¶5
  • Paragraph 443 amended by GASBS 65, ¶24 and ¶31 and GSBS 66, ¶5
  • Footnote 210 amended by GASBS 63, ¶8
  • Paragraph 444 superseded by GASBS 65, ¶26
  • Paragraph 445 superseded by GASBS 65, ¶26
  • Footnote 211 superseded by GASBS 65, ¶26
  • Footnote 212 superseded by GASBS 65, ¶26
  • Paragraph 446 superseded by GASBS 65, ¶26
  • Paragraph 447 superseded by GASBS 65, ¶26
  • Footnote 213 superseded by GASBS 65, ¶26
  • Paragraph 448 amended by GASBS 63, ¶8 and GASBS 65, ¶22
  • Paragraph 450 will be amended by GASBS 87, ¶40
  • Footnote 215 amended by GASBS 63, ¶8
  • Footnote 216 superseded by GASBS 65, ¶26
  • Paragraph 458 amended by GASBS 66, ¶6
  • Paragraph 460 superseded by GASBS 66, ¶6
  • Footnote 218 superseded by GASBS 66, ¶6
  • Paragraph 467 amended by GASBS 65, ¶26
  • Paragraph 469 amended by GASBS 65, ¶27
  • Paragraph 475 amended by GASBS 66, ¶6
  • Paragraph 482 amended by GASBS 65, ¶29
  • Footnote 225 superseded by GASBS 65
  • Paragraph 485 amended by GASBS 63, ¶8
  • Footnote 227 amended by GASBS 63, ¶8
  • Paragraph 493 amended by GASBS 63, ¶8
  • Paragraph 498 amended by GASBS 63, ¶8
  • Footnote 230 amended by GASBS 63, ¶8
  • Paragraph 501 amended by GASBS 63, ¶8
  • Paragraph 502 amended by GASBS 63, ¶8
  • Footnote 232 amended by GASBS 63, ¶8 

Other Interpretive Literature:
  • GASB Implementation Guide 2015-1
  • GASB Implementation Guide 2016-1
Primary Codification Section Reference: Throughout
 

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