STATUS OF INTERPRETATION NO. 5

INTERPRETATION NO. 5
PROPERTY TAX REVENUE RECOGNITION IN GOVERNMENTAL FUNDS—AN INTERPRETATION OF NCGA STATEMENT 1 AND AN AMENDMENT OF NCGA INTERPRETATION 3


Status

Issued: November 1997

Effective Date:

  • Financial statements for periods beginning after June 15, 2000
Affects:

  • Amends NCGAI 3, ¶8
Affected by:

  • No other pronouncements
Primary Codification Section Reference: P70

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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