Status of Concepts Statement No. 1

Concepts Statement No. 1
Objectives of Financial Reporting


Status

Issued: May 1987

Effective Date: None stated

Affects:

  • Supersedes NCGACS 1
  • Amends GASBS 1, ¶8
Affected by:

  • Figure 1 and paragraphs 6, 8, and 9 amended by GASBCS 3, ¶39
Primary Codification Section Reference: Appendix B

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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