Status of Statement No. 48

Statement No. 48
Sales and Pledges of Receivables and Future Revenues and Intra-Entity Transfers of Assets and Future Revenues


Status

Issued: September 2006

Effective Date:

  • For periods beginning after December 15, 2006
Affects:

  • Amends GASBS 34, ¶58, ¶61, and ¶100
  • Supersedes GASBTB 2004-1, ¶16–¶23
Affected by:

  • Paragraph 11 amended by GASBS 63, ¶8
  • Paragraph 12 amended by GASBS 63, ¶8
  • Paragraph 13 amended by GASBS 65, ¶31
  • Paragraph 14 amended by GASBS 65, ¶12
  • Paragraph 15 amended by GASBS 65, ¶13 and GASBS 92, 6
  • Footnote 4 superseded by GASBS 65, fn5
  • Paragraph 16 amended by GASBS 65, ¶31
Other Interpretive Literature:

  • GASBIG 2015-1
  • GASBIG 2019-1
Primary Codification Section Reference: S20

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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