Status of Statement No. 92
Summaries / Status
Status of Statement No. 92
Omnibus 2020
Status
Issued: January 2020
The requirements of this Statement are effective as follows:
- The requirements related to the effective date of Statement 87 and Implementation Guide 2019-3, reinsurance recoveries, and terminology used to refer to derivative instruments are effective upon issuance.
- The requirements related to intra-entity transfers of assets and those related to the applicability of Statements 73 and 74 are effective for fiscal years beginning after June 15, 2021.
- The requirements related to application of Statement 84 to postemployment benefit arrangements and those related to nonrecurring fair value measurements of assets or liabilities are effective for reporting periods beginning after June 15, 2021.
- The requirements related to the measurement of liabilities (and assets, if any) associated with asset retirement obligations in a government acquisition are effective for government acquisitions occurring in reporting periods beginning after June 15, 2021.
Affects:
- Amends GASBS 10, ¶37
- Amends GASBS 31, ¶9 and ¶22
- Will amend GASBS 34, ¶107–¶109 and ¶141
- Will amend GASBS 48, ¶15
- Amends GASBS 53, ¶64, ¶65, ¶78, and fn12
- Amends GASBS 62, ¶167
- Amends GASBS 69, ¶35 and ¶36
- Will amend GASBS 72, ¶81
- Will amend GASBS 73, ¶5 and ¶116
- Will amend GASBS 74, ¶4 and ¶59
- Will amend GASBS 84, ¶22 and ¶25
- Amends GASBS 87, ¶92
- Amends GASBIG 2015-1, Q10.16.4, Q10.42.3, and Q10.46.10
- Will amend GASBIG 2017-1, Q4.25
- Will amend GASBIG 2017-2, Q4.5
- Will amend GASBIG 2019-1, Q5.4
- Amends GASBIG 2019-3, ¶5
Affected by: Paragraphs 4, 5, and 14 amended by GASBS 95, ¶4
Primary Codification Section Reference: Will be codified throughoutAbbreviations 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 |