Summaries / Status
STATUS OF 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
- 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 |