Summaries / Status

Each Statement of the Governmental Accounting Standards Board listed below, contains a link to the Summary of the pronouncement and to information on the status of that document. Status information includes the most recently issued Statements.

Order Information: The complete text of each GASB pronouncement is not available at this website. Only the Summaries and Status information can be viewed from the below links.

Order the full text of GASB pronouncements

Copyright Notice: Summaries and Status sections for GASB documents posted at this website are copyrighted by the Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, Connecticut 06856. All rights reserved.

Statement No. 53
Accounting and Financial Reporting for Derivative Instruments
(Issued 06/08)
[Summary] [Status]

Statement No. 52
Land and Other Real Estate Held as Investments by Endowments
(Issued 11/07)
[Summary] [Status]

Statement No. 51
Accounting and Financial Reporting for Intangible Assets
(Issued 06/07)
[Summary] [Status]

Statement No. 50
Pension Disclosures—an amendment of GASB Statements No. 25 and No. 27
(Issued 05/07)
[Summary] [Status]

Statement No. 49
Accounting and Financial Reporting for Pollution Remediation Obligations
(Issued 11/06)
[Summary] [Status]

Statement No. 48
Sales and Pledges of Receivables and Future Revenues and Intra-Entity Transfers of Assets and Future Revenues
(Issued 09/06)
[Summary] [Status]

Statement No. 47
Accounting for Termination Benefits
(Issued 06/05)
[Summary] [Status]

Statement No. 46
Net Assets Restricted by Enabling Legislation—an amendment of GASB Statement No. 34
(Issued 12/04)
[Summary] [Status]

Statement No. 45
Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions
(Issued 6/04)
[Summary] [Status]

Statement No. 44
Economic Condition Reporting: The Statistical Section—an amendment of NCGA Statement 1
(Issued 5/04)
[Summary] [Status]

Statement No. 43
Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans
(Issued 4/04)
[Summary] [Status]

Statement No. 42
Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries
(Issued 11/03)
[Summary] [Status]

Statement No. 41
Budgetary Comparison Schedules—Perspective Differences—an amendment of GASB Statement No. 34
(Issued 5/03)
[Summary] [Status]

Statement No. 40
Deposit and Investment Risk Disclosures—an amendment of GASB Statement No. 3
(Issued 3/03)
[Summary] [Status]

Statement No. 39
Determining Whether Certain Organizations Are Component Units—an amendment of GASB Statement No. 14
(Issued 5/02)
[Summary] [Status]

Statement No. 38
Certain Financial Statement Note Disclosures
(Issued 6/01)
[Summary] [Status]

Statement No. 37
Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments: Omnibus—an amendment of GASB Statements No. 21 and No. 34
(Issued 6/01)
[Summary] [Status]

Statement No. 36
Recipient Reporting for Certain Shared Nonexchange Revenues—an amendment of GASB Statement No. 33
Effective date: Simultaneously with Statement 33, for periods beginning after June 15, 2000
(Issued 4/00)
[Summary] [Status]

Statement No. 35
Basic Financial Statements—and Management’s Discussion and Analysis—for Public Colleges and Universities—an amendment of GASB Statement No. 34
Effective Date: In three phases based on a public institution’s total annual revenues, beginning with periods beginning after June 15, 2001 and continuing through periods beginning after June 15, 2003. Public institutions that are component units of a primary government should implement this standard at the same time as that primary government.
(Issued 11/99)
[Summary] [Status]

Statement No. 34
Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments

Effective dates:

• Phase 1—Financial statements for periods beginning after June 15, 2001, for governments with total annual revenues of $100 million or more in the first fiscal year ending after June 15, 1999. Different provisions apply for reporting general infrastructure assets at transition.

• Phase 2—Financial statements for periods beginning after June 15, 2002, for governments with total annual revenues of $10 million or more but less than $100 million in the first fiscal year ending after June 15, 1999. Different provisions apply for reporting general infrastructure assets at transition.

• Phase 3—Financial statements for periods beginning after June 15, 2003, for governments with total annual revenues of less than $10 million in the first fiscal year ending after June 15, 1999. Different provisions apply for reporting general infrastructure assets at transition.

Statement No. 33
Accounting and Financial Reporting for Nonexchange Transactions
Effective date beginning after: June 15, 2000
(Issued 12/98)
[Summary] [Status]

Statement No. 32
Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans--a recission of GASB Statement No. 2 and an amendment of GASB Statement No. 31
Effective date beginning after: December 31, 1998 or when plan assets are held in trust under the requirements of IRC Section 457, subsection (g), if sooner.
(Issued 10/97)
[Summary] [Status]

Statement No. 31
Accounting and Financial Reporting for Certain Investments and for External Investment Pools
Effective date beginning after: June 15, 1997
(Issued 3/97)
[Summary] [Status]

Statement No. 30
Risk Financing Omnibus--an amendment of GASB Statement No. 10
Effective date beginning after: June 15, 1996
(Issued 2/96)
[Summary] [Status]

Statement No. 29
The Use of Not-for-Profit Accounting and Financial Reporting Principles by Governmental Entities
Effective date beginning after: Dec. 15, 1993 (with exceptions)
(Issued 8/95)
[Summary] [Status]

Statement No. 28
Accounting and Financial Reporting for Securities Lending Transactions
Effective date beginning after: Dec. 15, 1997
(Issued 5/95)
[Summary] [Status]

Statement No. 27
Accounting for Pensions by State and Local Governmental Employers
Effective date beginning after: June 15, 1997
(Issued 11/94)
[Summary] [Status]

Statement No. 26
Financial Reporting for Postemployment Healthcare Plans Administered by Defined Benefit Pension Plans
Effective date beginning after: June 15, 1996
(Issued 11/94)
[Summary] [Status]

Statement No. 25
Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans
Effective date beginning after: June 15, 1996
(Issued 11/94)
[Summary] [Status]

Statement No. 24
Accounting and Financial Reporting for Certain Grants and Other Financial Assistance
Effective date beginning after: June 15, 1995
(Issued 6/94)
[Summary] [Status]

Statement No. 23
Accounting and Financial Reporting for Refundings of Debt Reported by Proprietary Activities
Effective date beginning after: June 15, 1994
(Issued 12/93)
[Summary] [Status]

Statement No. 22
Accounting for Taxpayer-Assessed Tax Revenues in Governmental Funds
Effective date beginning after: June 15, 1994
(Issued 12/93)
[Summary] [Status]

Statement No. 21
Accounting for Escheat Property
Effective date beginning after: June 15, 1994
(Issued 10/93)
[Summary] [Status]

Statement No. 20
Accounting and Financial Reporting for Proprietary Funds and Other Governmental Entities That Use Proprietary Fund Accounting
Effective date beginning after: Dec. 15, 1993
(Issued 9/93)
[Summary] [Status]

Statement No. 19
Governmental College and University Omnibus Statement--an amendment of GASB Statements No. 10 and 15
Effective date beginning after: Various
(Issued 9/93)
[Summary] [Status]

Statement No. 18
Accounting for Municipal Solid Waste Landfill Closure and Postclosure Care Costs
Effective date beginning after: June 15, 1993
(Issued 8/93)
[Summary] [Status]

Statement No. 17
Measurement Focus and Basis of Accounting--Governmental Fund Operating Statements: Amendment of the Effective Dates of GASB Statement No. 11 and Related Statements--an amendment of GASB Statements No. 10, 11, and 13
Effective date on issuance: June 1993
(Issued 6/93)
[Summary] [Status]

Statement No. 16
Accounting for Compensated Absences
Effective date beginning after: June 15, 1993
(Issued 11/92)
[Summary] [Status]

Statement No. 15
Governmental College and University Accounting and Financial Reporting Models
Effective date beginning after: June 15, 1992
(Issued 10/91)
[Summary] [Status]

Statement No. 14
The Financial Reporting Entity
Effective date beginning after: Dec. 15, 1992
(Issued 6/91)
[Summary] [Status]

Statement No. 13
Accounting for Operating Leases with Scheduled Rent Increases
Effective date beginning after: Various
(Issued 5/90)
[Summary] [Status]

Statement No. 12
Disclosure of Information on Postemployment Benefits Other Than Pension Benefits by State and Local Governmental Employers
Effective date beginning after: June 15, 1990
(Issued 5/90)
[Summary] [Status]

Statement No. 11
Measurement Focus and Basis of Accounting--Governmental Fund Operating Statements
Effective date ending after: Deferred
(Issued 5/90)
[Summary] [Status]

Statement No. 10
Accounting and Financial Reporting for Risk Financing and Related Insurance Issues
Effective date ending after: Various
(Issued 11/89)
[Summary] [Status]

Statement No. 9
Reporting Cash Flows of Proprietary and Nonexpendable Trust Funds and Governmental Entities That Use Proprietary Fund Accounting
Effective date beginning after: Dec. 15, 1989
(Issued 9/89)
[Summary] [Status]

Statement No. 8
Applicability of FASB Statement No. 93,"Recognition of Depreciation by Not-for-Profit Organizations," to Certain State and Local Governmental Entities
Effective date on issuance: Jan. 1988
(Issued 1/88)
[Summary] [Status]

Statement No. 7
Advance Refundings Resulting in Defeasance of Debt
Effective date beginning after: Dec. 15, 1986
(Issued 3/87)
[Summary] [Status]

Statement No. 6
Accounting and Financial Reporting for Special Assessments
Effective date beginning after: June 15, 1987
(Issued 1/87)
[Summary] [Status]

Statement No. 5
Disclosure of Pension Information by Public Employee Retirement Systems and State and Local Governmental Employers
Effective date beginning after: Dec. 15, 1986
(Issued 11/86)
[Summary] [Status]

Statement No. 4
Applicability of FASB Statement No. 87, "Employers' Accounting for Pensions," to State and Local Governmental Employers
Effective date on issuance: Sept. 1986
(Issued 9/86)
[Summary] [Status]

Statement No. 3
Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements
Effective date ending after: Dec. 15, 1986
(Issued 4/86)
[Summary] [Status]

Statement No. 2
Financial Reporting of Deferred Compensation Plans Adopted under the Provisions of Internal Revenue Code Section 457
Effective date ending after: Dec. 15, 1986
(Issued 1/86)
[Summary] [Status]

Statement No. 1
Authoritative Status of NCGA Pronouncements and AICPA Industry Audit Guide
Effective date on issuance: July 1984
(Issued 7/84)
[Summary] [Status]