Status of Statement No. 61

Summaries / Status

Status of Statement No. 61
The Financial Reporting Entity: Omnibus—an amendment of GASB Statements No. 14 and No. 34


Status

Issued: November 2010

Effective date:
  • For periods beginning after June 15, 2012
Affects:
  • Amends NCGAS 1, Summary Statement of Principles No. 12
  • Amends GASBS 14, ¶12, ¶20, ¶21, ¶27, ¶34–39, ¶41, ¶51, ¶53–55, ¶61, ¶63, ¶66, ¶73, ¶74, ¶78, and fn7
  • Amends GASBS 31, ¶5
  • Amends GASBS 34, ¶35
Affected by:
  • Paragraph 6 amended by GASBS 90, ¶7
  • Paragraph 7 amended by GASBS 63, ¶8
  • Paragraph 9 amended by GASBS 63, ¶7, ¶8, and ¶12; GASBS 84, ¶14; and GASBS 85, ¶4
  • Paragraph 10 amended by GASBS 72, ¶64 and GASBS 90, ¶5–¶8
  • Paragraphs 12 and 13 amended by GASBS 63, ¶8
Primary Codification Section References: 2100, 2600
 

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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