Summaries / Status

Status of Statement No. 14
The Financial Reporting Entity
 

Status

Issued: June 1991

Effective Date:

• Financial statements for periods beginning after December 15, 1992

Affects:

• Amends NCGAS 1, Summary Statement of Principles No. 12, ¶128, ¶129, ¶131, ¶135–¶141, ¶143–¶145, ¶147, ¶149–¶151, ¶153–¶157, ¶159, ¶162–¶164, ¶166, ¶167, and fn5
• Supersedes NCGAS 3
• Amends NCGAS 5, ¶23–¶25
• Amends NCGAS 6, ¶40
• Supersedes NCGAS 7
• Amends NCGAI 2, ¶2
• Amends NCGAI 6, ¶2–¶5
• Supersedes NCGAI 7
• Amends NCGAI 9, ¶10
• Amends NCGAI 10, ¶12, ¶17, ¶23, and ¶24
• Amends GASBS 1, ¶8
• Amends GASBS 2, ¶14
• Amends GASBS 3, ¶64, ¶65, ¶70, and ¶71
• Amends GASBS 5, ¶30 and ¶40
• Amends GASBS 6, ¶24
• Amends GASBS 7, ¶13 and ¶14
• Amends GASBS 10, ¶78, ¶79, fn12, and fn13
• Amends GASBS 12, ¶12
• Supersedes AICPA SOP 80-2, ¶14
• Amends AICPA SOP 80-2, ¶4

Affected by:

• Paragraph 9 amended by GASBS 34, ¶6
• Paragraph 11 amended by GASBS 34, ¶6, ¶13, ¶14, ¶75, ¶80, ¶82, and ¶125 and GASBS 63, ¶8
• Paragraph 12 amended by GASBS 34, ¶6 and GASBS 61, ¶4
• Paragraph 19 amended by GASBS 35, ¶5 and GASBS 84, ¶5 and ¶14–¶26
• Paragraph 20 amended by GASBS 61, ¶4
• Paragraph 21 amended by GASBS 61, ¶6 and GASBS 90, ¶7
• Paragraph 27 amended by GASBS 61, ¶6; GASBS 84, ¶7; and GASBS 97, ¶5
• Paragraph 29 amended by GASBS 63, ¶8
• Paragraphs 34–38 amended by GASBS 61, ¶6
• Paragraph 39 amended by GASBS 61, ¶4
• Paragraph 41 amended by GASBS 39, ¶6 and GASBS 61, ¶5
• Paragraph 42 amended by GASBS 39, ¶7
• Paragraph 44 amended by GASBS 34, ¶14, ¶106, ¶107, ¶125, and ¶126 and GASBS 35, ¶5
• Footnote 6 superseded by GASBS 35, ¶5
• Paragraph 45 superseded by GASBS 34, ¶13 and ¶14
• Paragraphs 46 and 47 superseded by GASBS 34, ¶13, ¶14, and ¶16
• Paragraph 48 superseded by GASBS 35, ¶5
• Paragraph 49 superseded by GASBS 34, ¶14
• Paragraph 50 amended by GASBS 34, ¶16, ¶126, and fn51; GASBS 37, ¶18; and GASBS 98, ¶4
• Paragraph 51 amended by GASBS 34, ¶126, ¶127, fn49, and fn50; GASBS 61, ¶7; and GASBS 63, ¶8
• Paragraph 52 amended by GASBS 34, ¶6 and ¶125
• Paragraph 53 amended by GASBS 61, ¶8 and GASBS 80, ¶5
• Footnote 7 amended by GASBS 61, ¶8 and GASBS 98, ¶4
• Paragraph 54 amended by GASBS 34, ¶6, ¶75, ¶80, and ¶82 and GASBS 61, ¶9
• Paragraph 55 amended by GASBS 31, ¶5; GASBS 61, ¶10; GASBS 72, ¶64; and GASBS 90, ¶5–¶8
• Paragraph 56 superseded by GASBS 34, ¶130
• Paragraph 57 superseded by GASBS 34, ¶61
• Paragraph 58 amended by GASBS 34, ¶80 and ¶82; GASBS 63, ¶8; and GASBS 87, ¶88 and ¶89
• Paragraph 60 amended by GASBS 34, ¶61
• Paragraph 61 amended by GASBS 61, ¶11
• Paragraph 63 amended by GASBS 34, ¶6 and ¶113; GASBS 61, ¶7 and ¶11; GASBS 68, ¶18; GASBS 73, ¶24; and GASBS 75, ¶24 and ¶143; will be amended by GASBS 100, ¶33
• Paragraph 65 amended by GASBS 34, ¶6
• Paragraph 66 amended by GASBS 61, ¶4
• Paragraph 70 amended by GASBS 90, ¶3
• Paragraph 73 amended by GASBS 34, ¶91 and ¶103; GASBS 61, ¶10; and GASBS 63, ¶8
• Paragraph 74 amended by GASBS 34, ¶6 and ¶78–¶80; GASBS 61, ¶10; and GASBS 63, ¶8
• Paragraph 76 amended by GASBS 87, ¶20 and ¶57–¶60
• Paragraph 78 amended by GASBS 34, ¶32 and ¶98; GASBS 54, ¶8; GASBS 61, ¶12; and GASBS 63, ¶8
• Paragraph 79 amended by GASBS 31, ¶2 and GASBI 4, ¶3
• Paragraph 81 amended by GASBS 43, ¶11; GASBS 67, ¶13–¶32 and ¶34–¶46; GASBS 73, ¶115 and ¶116; and GASBS 74, ¶9–¶36 and ¶38–¶57
• Paragraph 131 amended by GASBS 34, ¶6, ¶14, and ¶126; GASBS 63, ¶8; and GASBS 90, ¶3

Other Interpretive Literature:

• GASBTB 2004-1 (Provides guidance on ¶16, ¶21–¶37, and ¶53)
• GASBIG 2015-1
• GASBIG 2016-1
• GASBIG 2017-1
• GASBIG 2019-1
• GASBIG 2020-1

Primary Codification Section References: 2100, 2300, 2600, J50
 

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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