STATUS OF INTERPRETATION NO. 1

INTERPRETATION NO. 1
DEMAND BONDS ISSUED BY STATE AND LOCAL GOVERNMENTAL ENTITIES—AN INTERPRETATION OF NCGA STATEMENT 1 AND NCGA INTERPRETATION 9


Status

Issued: December 1984

Effective Date:

  • Paragraph 11—on issuance in December 1984
  • All other provisions—financial statements for fiscal years ended after June 15, 1985
Affects:

  • Amends NCGAS 1, ¶43, ¶107, and ¶109
  • Amends NCGAI 6, ¶5
Affected by:

  • Paragraph 6 amended by GASBS 34, ¶82
  • Paragraphs 7 and 8 amended by GASBS 62, ¶29–¶43
  • Paragraph 10 amended by GASBS 34, ¶12, ¶82, ¶91, and ¶97 and GASBS 63, ¶8
  • Paragraph 11 amended by GASBS 88, ¶6 and GASBS 99, ¶31
  • Paragraph 13 amended by GASBS 34, ¶82
  • Footnote 2 amended by GASBS 34, ¶82 and ¶97 and GASBS 62, ¶29–¶43
Other Interpretive Literature: GASBIG 2015-1

Primary Codification Section Reference: D30

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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