Status of Concepts Statement No. 1

Summaries / Status

Status of Concepts Statement No. 1
Objectives of Financial Reporting


Status

Issued: May 1987

Effective Date: None stated

Affects:
  • Supersedes NCGACS 1
  • Amends GASBS 1, ¶8
Affected by:
  • Figure 1 and paragraphs 6, 8, and 9 amended by GASBCS 3, ¶39

Primary Codification Section Reference: Appendix B
 


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