Status of Statement No. 16

Statement No. 16
Accounting for Compensated Absences


Status

Issued: November 1992

Effective Date:

  • Financial statements for periods beginning after June 15, 1993
Affects:

  • Supersedes NCGAS 4, ¶2 and ¶22–¶28
  • Supersedes GASBS 11, ¶77–¶80 and fn25–fn28
Affected by:

  • Paragraph 1 amended by GASBS 34, ¶3 and GASBS 35, ¶5; will be superseded by GASBS 101
  • Paragraph 2 amended by GASBS 35, ¶5; will be superseded by GASBS 101
  • Footnote 1 will be superseded by GASBS 101
  • Footnote 2 superseded by GASBS 35, ¶5
  • Paragraph 3 superseded by GASBS 34, ¶107
  • Paragraph 4 will be superseded by GASBS 101
  • Paragraph 5 amended by GASBS 34, ¶3 and GASBS 35, ¶5; will be superseded by GASBS 101
  • Paragraphs 6–8 and footnotes 4 and 5 will be superseded by GASBS 101
  • Footnote 6 amended by GASBS 45, ¶9; will be superseded by GASBS 101
  • Paragraph 9 will be superseded by GASBS 101
  • Paragraph 10 amended by GASBS 34, ¶13, ¶91, and ¶106; will be superseded by GASBS 101
  • Paragraph 11 will be superseded by GASBS 101
  • Footnote 7 amended by GASBS 45, ¶9; GASBS 68, ¶4, ¶5, ¶24, and ¶62; GASBS 73, ¶4, ¶7, and ¶29; and GASBS 75, ¶4, ¶6, ¶30, ¶73, and ¶149; will be superseded by GASBS 101
  • Paragraph 12 amended by GASBS 35, ¶5; will be superseded by GASBS 101
  • Paragraph 13 amended by GASBS 34, ¶6, ¶69, ¶79, and ¶82 and GASBI 6, ¶14 and ¶16; will be superseded by GASBS 101
  • Paragraph 14 amended by GASBS 34, ¶30 and ¶98; will be superseded by GASBS 101
Other Interpretive Literature: GASBIG 2015-1

Primary Codification Section Reference: C60

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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