Status of Statement No. 89

Summaries / Status

Status of Statement No. 89
Accounting for Interest Cost Incurred before the End of a Construction Period


Status

Issued: June 2018

Effective date:
  • For reporting periods beginning after December 15, 2019
Affects:
  • Will amend GASBS 34, ¶18
  • Will supersede GASBS 37, ¶6
  • Will supersede GASBS 62, ¶5–¶22 and fn1–fn7
  • Will amend GASBS 62, ¶3 and ¶485
  • Will supersede GASBIG 2015-1, Q7.10.3–Q7.10.7 and QZ.51.11

Affected by:  No other pronouncements

Primary Codification Section Reference: Will be codified in 1400
 

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