Status of Statement No. 53

Summaries / Status

Status of Statement No. 53
Accounting and Financial Reporting for Derivative Instruments


Status

Issued: June 2008

Effective Date:

  • For periods beginning after June 15, 2009

Affects:
  • Supersedes GASBTB 2003-1
  • Amends GASBS 7, ¶11
  • Amends GASBS 23, fn4
  • Amends GASBS 25, ¶24
  • Amends GASBS 31, ¶2, ¶4, ¶7, and ¶16
  • Amends GASBS 40, ¶7, ¶11, ¶14, and ¶16
  • Amends GASBS 43, ¶22

Affected by:
  • Paragraph 12 will be amended by GASBS 99, ¶8
  • Paragraph 13 amended by GASBS 59, ¶7
  • Paragraph 16 superseded by GASBS 59, ¶8
  • Paragraph 17 amended by GASBS 59, ¶9
  • Paragraph 19, fn6, and fn7 amended by GASBS 63, ¶8
  • Footnote 7 amended by GASBS 99, ¶32
  • Footnote 8 amended by GASBS 62, ¶476–¶500
  • Paragraph 20 amended by GASBS 63, ¶8 and GASBS 99, ¶32; will be amended by GASBS 99, ¶8
  • Paragraph 21 and fn9 superseded by GASBS 72, ¶5–¶63
  • Paragraph 22 amended by GASBS 64, ¶4; GASBS 86, ¶4; and GASBS 93, ¶4 and ¶6
  • Paragraph 23 amended by GASBS 63, ¶8 and GASBS 99, ¶32; will be amended by GASBS 99, ¶9
  • Paragraph 24 amended by GASBS 63, ¶8 and GASBS 86, ¶4
  • Paragraph 25 amended by GASBS 63, ¶8 and GASBS 99, ¶32; will be amended by GASBS 99, ¶10
  • Paragraph 35 amended by GASBS 93, ¶11 and GASBS 99, ¶26
  • Paragraphs 37, 38, and 46 amended by GASBS 93
  • Paragraph 64 amended by GASBS 59, ¶10; GASBS 63, ¶8; GASBS 92, ¶13; and GASBS 93, ¶11
  • Paragraph 65 amended by GASBS 92, ¶13
  • Paragraph 69 amended by GASBS 72, ¶81; will be amended by GASBS 99, ¶8
  • Footnote 11 superseded by GASBS 72, ¶81
  • Footnote 12 amended by GASBS 92, ¶13
  • Paragraph 74 amended by GASBS 87, ¶37–¶39
  • Paragraph 76 amended by GASBS 93, ¶11
  • Paragraph 78 amended by GASBS 92, ¶13
  • Paragraph 82 amended by GASBS 63, ¶8; GASBS 64, ¶5; GASBS 72, ¶64 and ¶86; and GASBS 93, ¶11 and ¶12

Primary Codification Section Reference: D40

Other Interpretive Literature:
  • GASBIG 2015-1
  • GASBIG 2016-1
  • GASBIG 2019-1
 

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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