Status of Statement No. 13

Statement No. 13
Accounting for Operating Leases with Scheduled Rent Increases


Status

Issued: May 1990

Effective Date:

  • Proprietary and similar trust funds: prospectively for leases with terms beginning after June 30, 1990
  • Governmental and similar trust funds:
    • Measurement criteria—prospectively for leases with terms beginning after June 30, 1990
    • Recognition criteria—two changes: one for financial statements for periods ending after June 30, 1990; the other for financial statements for periods approximately two years after an implementation standard is issued (early application not permitted)
Affects:

  • Amends NCGAS 1, ¶43
  • Amends NCGAS 5, ¶11 and ¶16
  • Amends NCGAI 6, ¶5
Affected by:

  • Superseded by GASBS 87, ¶3
  • Paragraphs 1 and 4 amended by GASBS 34, ¶3
  • Footnote 3 amended by GASBS 62, ¶211–¶271
  • Paragraph 7 amended by GASBS 34, ¶16, ¶78, ¶92, and ¶107
  • Paragraph 9 amended by GASBS 17, ¶7; GASBS 34, ¶6, ¶69, ¶79, ¶82, ¶83, and ¶119; and GASBS 65, ¶30
  • Paragraph 10 amended by GASBS 34, ¶98 and ¶108
Primary Codification Section Reference: None

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

    STANDARDS & GUIDANCE

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