Status of Statement No. 47

Summaries / Status

Status of Statement No. 47
Accounting for Termination Benefits


Status


Issued: June 2005

Effective Date:

    For periods beginning after June 15, 2005

Affects:
  • Amends NCGAI 6, ¶5
  • Supersedes NCGAI 8, ¶6, ¶7, ¶8b, ¶12, ¶17, and ¶18
  • Amends GASBS 1, ¶8
  • Amends GASBS 10, ¶2
  • Amends GASBS 12, ¶2 and fn2
  • Amends GASBS 25, ¶12 and ¶44
  • Amends GASBS 26, ¶5 and ¶11
  • Amends GASBS 27, fn2, fn3, and ¶5, ¶6, and ¶39
  • Amends GASBS 34, ¶81
  • Amends GASBS 43, ¶9 and ¶46
  • Amends GASBS 45, ¶8 and ¶40
  • Amends GASBI 6, ¶5, ¶6, ¶9, ¶11, and ¶14 and fn7 

Affected by:
  • Paragraph 4 amended by GASBS 68, ¶4 and ¶5 and GASBS 73, ¶4 and ¶7; will be amended by GASBS 75, ¶4–¶6
  • Paragraph 17 amended by GASBS 68, ¶4, ¶5, ¶20, ¶59, ¶83, ¶92, and ¶120 and GASBS 73, ¶4, ¶6, ¶25, ¶47, ¶68, and ¶78; will be amended by GASBS 75, ¶4, ¶6, ¶27, ¶59, ¶99, ¶109, ¶116, ¶140, ¶146, ¶172, ¶193, and ¶203
  • Paragraph 19 amended by GASBS 68, ¶20, ¶59, ¶83, ¶92, and ¶120 and GASBS 73, ¶4, ¶7, ¶25, ¶47, ¶68, and ¶78; will be amended by GASBS 75, ¶27, ¶59, ¶99, ¶109, ¶116, ¶140, ¶146, ¶172, ¶193, and ¶203

Other Interpretive Literature:
    GASB Implementation Guide 2015-1

Primary Codification Section Reference: T25
 


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