Status of Statement No. 47

Statement No. 47
Accounting for Termination Benefits


Status

Issued: June 2005

Effective Date:

  • For periods beginning after June 15, 2005
Affects:

  • Amends NCGAI 6, ¶5
  • Supersedes NCGAI 8, ¶6, ¶7, ¶8b, ¶12, ¶17, and ¶18
  • Amends GASBS 1, ¶8
  • Amends GASBS 10, ¶2
  • Amends GASBS 12, ¶2 and fn2
  • Amends GASBS 25, ¶12 and ¶44
  • Amends GASBS 26, ¶5 and ¶11
  • Amends GASBS 27, ¶5, ¶6, ¶39, fn2, and fn3
  • Amends GASBS 34, ¶81
  • Amends GASBS 43, ¶9 and ¶46
  • Amends GASBS 45, ¶8 and ¶40
  • Amends GASBI 6, ¶5, ¶6, ¶9, ¶11, ¶14, and fn7
Affected by:

  • Paragraph 4 amended by GASBS 68, ¶4 and ¶5; GASBS 73, ¶4 and ¶7; and GASBS 75, ¶4–¶6
  • Paragraph 17 amended by GASBS 68, ¶4, ¶5, ¶20, ¶59, ¶83, ¶92, and ¶120; GASBS 73, ¶4, ¶6, ¶25, ¶47, ¶68, and ¶78; and GASBS 75, ¶4, ¶6, ¶27, ¶59, ¶99, ¶109, ¶116, ¶140, ¶146, ¶172, ¶193, and ¶203
  • Paragraph 19 amended by GASBS 68, ¶20, ¶59, ¶83, ¶92, and ¶120; GASBS 73, ¶4, ¶7, ¶25, ¶47, ¶68, and ¶78; and GASBS 75, ¶27, ¶59, ¶99, ¶109, ¶116, ¶140, ¶146, ¶172, ¶193, and ¶203
Other Interpretive Literature:

  • GASBIG 2015-1
  • GASBIG 2017-1
Primary Codification Section Reference: T25

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
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