Status of Statement No. 86

Summaries / Status

Status of Statement No. 86
Certain Debt Extinguishment Issues


Status

Issued: May 2017

Effective date:
  • For reporting periods beginning after June 15, 2017
Affects:
  • Amends GASBS 7, ¶4
  • Amends GASBS 23, fn4
  • Amends GASBS 53, ¶22 and ¶24
  • Amends GASBS 62, ¶124 and ¶127
  • Amends GASBS 65, fn3
  • Amends NCGAI 6, ¶5
  • Amends GASBIG 2015-1, Q6.4.4
  • Amends GASBIG 2016-1, Q4.2

Affected by:  No other pronouncements

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