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 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
  • 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, 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
Affected by:
  • Paragraph 3 will be amended by GASBS 87, 3, ¶20, and ¶30 and GASBS 89, ¶4
  • Paragraph 5 will be amended by GASBS 87, 20 and 30; will be superseded by GASBS 89, ¶4
  • Footnote 1 amended by GASBS 65, ¶15; will be superseded by GASBS 89, ¶4
  • Paragraph 6 will be amended by GASBS 87, 24; will be superseded by GASBS 89, ¶4
  • Footnote 2 amended by GASBS 63, ¶8; will be superseded by GASBS 89, ¶4
  • Paragraphs 7–22 and fn3–fn7 will be superseded by GASBS 89, ¶4
  • Paragraph 29 amended by GASBS 63, ¶8
  • Paragraphs 30 and 31 amended by GASBS 65, ¶31
  • Paragraph 34 amended by GASBS 63, ¶8 and GASBS 84, ¶5
  • Footnote 12 will be amended by GASBS 87, ¶53
  • Paragraphs 44, 51, 52, 55, 59–62, fn23–fn25, fn28, fn30, and fn33 amended by GASBS 63, ¶8
  • Paragraph 64 amended by GASBS 76, ¶4
  • Paragraphs 69 and 70 amended by GASBS 65, ¶31
  • Paragraph 74 amended by GASBS 65, ¶31 and GASBS 76, ¶4
  • Paragraphs 75–81 and fn35 amended by GASBS 63, ¶8
  • Paragraph 82 amended by GASBS 76, ¶4
  • Paragraphs 85, 87, 89, and fn37 amended by GASBS 63, ¶8
  • Paragraphs 98 and 99 amended by GASBS 70, ¶4; will be amended by GASBS 91, ¶4
  • Paragraph 108 amended by GASBS 63, ¶8
  • Footnote 42 amended by GASBS 63, ¶8
  • Paragraph 109 amended by GASBS 70, ¶4; will be amended by GASBS 91, ¶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 and fn44 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 and fn51 amended by GASBS 63, ¶8
  • Paragraph 135 will be amended by GASBS 87, ¶3–¶8 and ¶10–¶91, GASBS 93, ¶13 and ¶14, GASBS 94, ¶68–¶75, and GASBS 96, ¶54–¶57
  • 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
  • Paragraph 162 and fn66 amended by GASBS 63, ¶8
  • Paragraph 167 amended by GASBS 92, 13
  • Paragraph 187 amended by GASBS 63, ¶8 and GASBS 65, ¶15
  • Footnotes 75, 76, and 79 amended by GASBS 63, ¶8
  • Paragraph 202 amended by GASBS 90, ¶5
  • Paragraph 203 amended by GASBS 72, ¶78
  • Paragraph 204 amended by GASBS 72, ¶77
  • Paragraph 205 amended by GASBS 90, ¶5 and ¶6
  • Paragraph 209 amended by GASBS 63, ¶8 and GASBS 69, ¶39
  • Footnotes 81 and 82 amended by GASBS 63, ¶8
  • Paragraphs 211–218 and fn85–fn94 will be superseded by GASBS 87, ¶3
  • Footnote 95 amended by GASBS 63, ¶8; will be superseded by GASBS 87, ¶3
  • Paragraphs 219, 220, fn96, and fn97 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 superseded 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
  • Paragraph 225 and fn99–fn105 will be superseded 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 and fn109–fn111 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
  • Paragraphs 243–271 and fn114–fn141 will be superseded by GASBS 87, ¶3
  • Paragraph 320 will be amended by GASBS 87, ¶82–¶86
  • Paragraph 323 amended by GASBS 65, ¶31
  • Paragraph 339, fn163, and fn165 amended by GASBS 63, ¶8
  • Footnote 165 amended by GASBS 63, ¶8
  • Paragraph 351 will be amended by GASBS 87, ¶20 and ¶40
  • Footnotes 173 and 174 will be superseded by GASBS 89, ¶4
  • Paragraphs 368 and 369 will be amended by GASBS 87, ¶40
  • Footnote 179 will be superseded by GASBS 87, ¶3
  • Paragraph 373 amended by GASBS 72, ¶5
  • Paragraph 395 and fn193 will be superseded by GASBS 89, ¶4
  • 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
  • Paragraphs 416 and 417 amended by GASBS 65, ¶20
  • Footnote 202 amended by GASBS 63, ¶8
  • Paragraph 419 amended by GASBS 65, ¶20
  • Paragraphs 424 and 425 amended by GASBS 72, ¶64
  • Paragraph 428 amended by GASBS 63, ¶8 and GASBS 85, ¶6
  • Paragraph 429 amended by GASBS 65, ¶20
  • Paragraphs 430 and 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
  • Paragraphs 438–440 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 GASBS 66, ¶5
  • Footnote 210 amended by GASBS 63, ¶8
  • Paragraphs 444–447 and fn211–fn213 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 and fn218 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, ¶29
  • Paragraph 485 amended by GASBS 63, ¶8; will be amended by GASBS 89, ¶4
  • Footnote 226 will be superseded by GASBS 89, ¶4
  • Footnote 227 amended by GASBS 63, ¶8
  • Paragraphs 493, 498, 501, 502, fn227, fn230, and fn232 amended by GASBS 63, ¶8
Other Interpretive Literature:
  • GASBTB 2020-1 (Provides guidance on ¶46b)
  • GASBIG 2015-1
  • GASBIG 2016-1
  • GASBIG 2018-1
Primary Codification Section Reference: Throughout
 

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