Statement No. 53
Accounting and Financial Reporting for Derivative Instruments

Status

Issued: June 2008

Effective Date:

• For periods beginning after June 15, 2009

Affects:

• Supersedes GASBTB 2003-1
• Amends GASBS 7, ¶11
• Amends GASBS 23, fn4
• Amends GASBS 25, ¶24
• Amends GASBS 31, ¶2, ¶4, ¶7, and ¶16
• Amends GASBS 40, ¶7, ¶11, ¶14, and ¶16
• Amends GASBS 43, ¶22

Affected by:

• Paragraph 12 will be amended by GASBS 99, ¶8
• Paragraph 13 amended by GASBS 59, ¶7
• Paragraph 16 superseded by GASBS 59, ¶8
• Paragraph 17 amended by GASBS 59, ¶9
• Paragraph 19, fn6, and fn7 amended by GASBS 63, ¶8
• Footnote 7 amended by GASBS 99, ¶32
• Footnote 8 amended by GASBS 62, ¶476–¶500
• Paragraph 20 amended by GASBS 63, ¶8 and GASBS 99, ¶32; will be amended by GASBS 99, ¶8
• Paragraph 21 and fn9 superseded by GASBS 72, ¶5–¶63
• Paragraph 22 amended by GASBS 64, ¶4; GASBS 86, ¶4; and GASBS 93, ¶4 and ¶6
• Paragraph 23 amended by GASBS 63, ¶8 and GASBS 99, ¶32; will be amended by GASBS 99, ¶9
• Paragraph 24 amended by GASBS 63, ¶8 and GASBS 86, ¶4
• Paragraph 25 amended by GASBS 63, ¶8 and GASBS 99, ¶32; will be amended by GASBS 99, ¶10
• Paragraph 35 amended by GASBS 93, ¶11 and GASBS 99, ¶26
• Paragraphs 37, 38, and 46 amended by GASBS 93
• Paragraph 64 amended by GASBS 59, ¶10; GASBS 63, ¶8; GASBS 92, ¶13; and GASBS 93, ¶11
• Paragraph 65 amended by GASBS 92, ¶13
• Paragraph 69 amended by GASBS 72, ¶81; will be amended by GASBS 99, ¶8
• Footnote 11 superseded by GASBS 72, ¶81
• Footnote 12 amended by GASBS 92, ¶13
• Paragraph 74 amended by GASBS 87, ¶37–¶39
• Paragraph 76 amended by GASBS 93, ¶11
• Paragraph 78 amended by GASBS 92, ¶13
• Paragraph 82 amended by GASBS 63, ¶8; GASBS 64, ¶5; GASBS 72, ¶64 and ¶86; and GASBS 93, ¶11 and ¶12

Other Interpretive Literature:

• GASBIG 2015-1
• GASBIG 2016-1
• GASBIG 2019-1

Primary Codification Section Reference: D40

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