Status of Statement No. 16

Summaries / Status

Status of Statement No. 16
Accounting for Compensated Absences

Status

Issued: November 1992

Effective Date:
Financial statements for periods beginning after June 15, 1993

Affects:
  • Supersedes NCGAS 4, ¶2 and ¶22–¶28
  • Supersedes GASBS 11, ¶77–¶80 and fns25–28

Affected by:
  • Paragraph 1 amended by GASBS 34, ¶3 and GASBS 35, ¶5
  • Paragraph 2 amended by GASBS 35, ¶5
  • Paragraph 3 superseded by GASBS 34, ¶107
  • Paragraph 5 amended by GASBS 34, ¶3 and GASBS 35, ¶5
  • Footnote 2 superseded by GASBS 35, ¶5
  • Footnote 6 amended by GASBS 45, ¶9
  • Paragraph 10 amended by GASBS 34, ¶13, ¶91, and ¶106
  • Footnote 7 amended by GASBS 45, ¶9; and GASBS 68, ¶4, ¶5, ¶24, and ¶62
  • Paragraph 12 amended by GASBS 35, ¶5
  • Paragraph 13 amended by GASBS 34, ¶6, ¶69, ¶79, and ¶82 and GASBI 6, ¶14 and ¶16
  • Paragraph 14 amended by GASBS 34, ¶30 and ¶98 
Other Interpretive Literature: GASB Comprehensive Implementation Guide

Primary Codification Section Reference: C60



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