Pronouncements

Summaries / Status

Status of 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, ¶7, and ¶16
  • Amends GASBS 40, ¶7, ¶11, 14, and ¶16
  • Amends GASBS 43, ¶22
Affected by:
  • Paragraph 13 amended by GASBS 59, ¶7
  • Paragraph 16 superseded by GASBS 59, ¶8
  • Paragraph 17 amended by GASBS 59, ¶9
  • Paragraph 19 will be amended by GASBS 63
  • Footnote 6 will be amended by GASBS 63
  • Paragraph 20 will be amended by GASBS 62 and GASBS 63
  • Footnote 7 will be amended by GASBS 63
  • Paragraph 22 amended by GASBS 64, ¶4
  • Paragraph 64 amended by GASBS 59, ¶10, and will be amended by GASBS 63
  • Paragraph 82 amended by GASBS 64, ¶5
Other Interpretive Literature:
  • GASBQ&A 53
  • GASB Comprehensive Implementation Guide
Primary Codification Section Reference: D40

Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
BFC - Basis For Conclusions 		NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
SOP - AICPA Statements of Position
ASLGU - AICPA Audit Guide
GASB Q&A - GASB Implementation Guides