Status of Statement No. 24

Statement No. 24
Accounting and Financial Reporting for Certain Grants and Other Financial Assistance


Status

Issued: June 1994

Effective Date:

  • For periods beginning after June 15, 1995
Affects:

  • Amends NCGAS 2, ¶8
  • Amends NCGAS 6, ¶46
  • Amends NCGAI 6, ¶5
  • Amends GASBS 5, ¶35, ¶39, ¶41, and ¶47
Affected by:

  • Footnote 1 superseded by GASBS 33
  • Paragraph 2 amended by GASBS 99
  • Paragraph 3 amended by GASBS 68, ¶5; GASBS 73, ¶4, ¶5, and ¶7; GASBS 75, ¶6; GASBS 85, ¶12; and GASBS 99, ¶27
  • Paragraph 4 amended by GASBS 35, ¶5
  • Paragraph 5 amended by GASBS 34, ¶6 and GASBS 84, ¶18
  • Paragraph 6 amended by GASBS 65, ¶31; superseded by GASBS 99, ¶27
  • Footnotes 3–5 superseded by GASBS 99, ¶27
  • Paragraph 8 amended by GASBS 68, ¶33, ¶53, and ¶123; GASBS 73, ¶33, ¶52, ¶59, ¶70, ¶76, ¶102, and ¶122; GASBS 75, ¶43, ¶63, ¶69, ¶101, ¶107, ¶110, ¶114, ¶157, ¶176, ¶183, ¶195, ¶201, and ¶230; and GASBS 85, ¶9–¶11
  • Paragraph 9 amended by GASBS 85, ¶12
  • Paragraph 11 and fn8 amended by GASBS 35, ¶5
  • Paragraph 12 amended by GASBS 85, ¶12
  • Paragraph 13 amended by GASBS 34, ¶16
  • Paragraph 14 superseded by GASBS 34, ¶61
  • Paragraph 16 amended by GASB 99
Other Interpretive Literature:

  • GASBTB 2006-1 (Provides guidance on ¶7, ¶8b, and ¶12)
  • GASBIG 2015-1
Primary Codification Section Reference: N50

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

STANDARDS & GUIDANCE

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