Status of Statement No. 60

Summaries / Status

Status of Statement No. 60
Accounting and Financial Reporting for Service Concession Arrangements


Status

Issued: November 2010

Effective date:
  • For periods beginning after December 15, 2011
Affects:
  • Amends NCGAS 5, ¶11
Affected by:
  • Paragraphs 1–6 will be superseded by GASBS 94, ¶3 and ¶6
  • Paragraph 7 will be superseded by GASBS 87, ¶3 and ¶8
  • Paragraph 8 will be superseded by GASBS 94, ¶3 and ¶6
  • Paragraph 9 amended by GASBS 72, ¶79; will be superseded by GASBS 94, ¶3 and ¶6
  • Paragraphs 10–18 will be superseded by GASBS 94, ¶3 and ¶6
  • Paragraph 19 amended by GASBS 63, ¶8; will be superseded by GASBS 94, ¶3 and ¶6
Other Interpretive Literature:
  • GASBIG 2015-1
  • GASBIG 2016-1
Primary Codification Section Reference: S30
 

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