Statement No. 62
Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements

Status

Issued: December 2010

Effective Date:

• For periods beginning after December 15, 2011

Affects:

• Supersedes NCGAS 1, ¶117 and ¶127
• Amends NCGAS 1, ¶42 and fn7
• Amends NCGAS 4, ¶14
• Amends NCGAS 5, ¶11, ¶12, ¶16, ¶18, ¶22, and ¶24–¶27
• Amends NCGAI 9, ¶12
• Supersedes GASBS 10, fn7
• Amends GASBS 10, ¶83
• Amends GASBS 13, fn3
• Supersedes GASBS 20
• Amends GASBS 23, ¶6
• Supersedes GASBS 29, ¶4, ¶5, and ¶7
• Supersedes GASBS 31, fn6
• Amends GASBS 31, ¶5
• Amends GASBS 33, fn7
• Supersedes GASBS 34, ¶17, ¶93, and ¶94
• Amends GASBS 34, ¶55, ¶95, ¶97, ¶115, ¶147, fn12, fn13, and fn25
• Amends GASBS 42, fn2 and ¶17
• Amends GASBS 49, fn2 and fn9
• Amends GASBS 53, fn8
• Amends GASBS 55, ¶6
• Supersedes GASBS 56, fn1
• Amends GASBI 1, ¶7 and ¶8

Affected by:

• Paragraph 3 amended by GASBS 89, ¶4 and GASBS 87, ¶3, ¶20, and ¶30
• Paragraph 5 superseded by GASBS 89, ¶4
• Footnote 1 amended by GASBS 65, ¶15; superseded by GASBS 89, ¶4
• Paragraph 6 superseded by GASBS 89, ¶4
• Footnote 2 amended by GASBS 63, ¶8; superseded by GASBS 89, ¶4
• Paragraphs 7–22 and fn3–fn7 superseded by GASBS 89, ¶4
• Paragraph 29 amended by GASBS 63, ¶8
• Paragraphs 30 and 31 amended by GASBS 65, ¶31
• Paragraph 34 amended by GASBS 63, ¶8 and GASBS 84, ¶5
• Footnote 12 amended by GASBS 87, ¶53
• Paragraph 44 amended by GASBS 63, ¶8
• Footnote 23 amended by GASBS 63, ¶8
• Paragraph 50 will be amended by GASBS 100, ¶25–¶28
• Paragraphs 51 and 52, fn24, and fn25 amended by GASBS 63, ¶8
• Paragraph 53 will be amended by GASBS 100, ¶2 and ¶4–¶39
• Paragraph 55 and fn28 amended by GASBS 63, ¶8
• Paragraph 58 and fn29 will be superseded by GASBS 100, ¶2
• Paragraphs 59 and 60 and fn30 amended by GASBS 63, ¶8; will be superseded by GASBS 100, ¶2
• Footnotes 31 and 32 will be superseded by GASBS 100, ¶2
• Paragraphs 61 and 62 and fn33 amended by GASBS 63, ¶8; will be superseded by GASBS 100, ¶2
• Paragraph 63 will be superseded by GASBS 100, ¶2
• Paragraph 64 amended by GASBS 76, ¶4; will be superseded by GASBS 100, ¶2
• Paragraphs 65–68 and fn34 will be superseded by GASBS 100, ¶2
• Paragraphs 69 and 70 amended by GASBS 65, ¶31; will be superseded by GASBS 100, ¶2
• Paragraphs 71–73 will be superseded by GASBS 100, ¶2
• Paragraph 74 amended by GASBS 65, ¶31 and GASBS 76, ¶4; will be superseded by GASBS 100, ¶2
• Paragraphs 75–81 and fn35 amended by GASBS 63, ¶8; will be superseded by GASBS 100, ¶2
• Paragraph 82 amended by GASBS 76, ¶4; will be superseded by GASBS 100, ¶2
• Paragraphs 83 and 84 and fn36 will be superseded by GASBS 100, ¶2
• Paragraph 85 amended by GASBS 63, ¶8; will be superseded by GASBS 100, ¶2
• Paragraph 86 will be superseded by GASBS 100, ¶2
• Paragraph 87 amended by GASBS 63, ¶8; will be superseded by GASBS 100, ¶2
• Paragraph 88 will be superseded by GASBS 100, ¶2
• Paragraph 89 amended by GASBS 63, ¶8; will be superseded by GASBS 100, ¶2
• Footnote 37 amended by GASBS 63, ¶8
• Paragraph 94 will be amended by GASBS 100, ¶5, ¶17, and ¶18
• Paragraphs 98 and 99 amended by GASBS 70, ¶4 and GASBS 91, ¶4; will be amended by GASBS 99, ¶4
• Paragraph 108 amended by GASBS 63, ¶8
• Footnote 42 amended by GASBS 63, ¶8
• Paragraph 109 amended by GASBS 70, ¶4 and GASBS 91, ¶4; will be amended by GASBS 99, ¶7
• Paragraph 110 amended by GASBS 63, ¶8 and GASBS 70, ¶4; will be superseded by GASBS 99, ¶7
• Footnote 43 will be superseded by GASBS 99, ¶7
• Paragraph 113 amended by GASBS 87, ¶39
• Paragraph 121 amended by GASBS 65, ¶31
• Paragraph 123 and fn44 amended by GASBS 63, ¶8
• Paragraph 124 amended by GASBS 70, ¶2 and GASBS 86, ¶4–¶11
• Footnote 48 amended by GASBS 63, ¶8
• Paragraph 127 amended by GASBS 65, ¶15 and GASBS 86, ¶9
• Paragraph 131 and fn51 amended by GASBS 63, ¶8
• Paragraph 135 amended by GASBS 87, ¶3–¶8 and ¶10–¶91; GASBS 93, ¶13 and ¶14; GASBS 94, ¶68–¶75; and GASBS 96, ¶54–¶57
• Paragraph 137 amended by GASBS 65, ¶15 and GASBS 72, ¶5–¶58
• Footnote 54 superseded by GASBS 72, ¶5–¶58
• Footnote 57 amended by GASBS 63, ¶8
• Footnote 58 amended by GASBS 65, ¶15
• Paragraph 162 and fn66 amended by GASBS 63, ¶8
• Paragraph 167 amended by GASBS 92, ¶13
• Paragraph 187 amended by GASBS 63, ¶8 and GASBS 65, ¶15
• Footnotes 75, 76, and 79 amended by GASBS 63, ¶8
• Paragraph 202 amended by GASBS 90, ¶5
• Paragraph 203 amended by GASBS 72, ¶78
• Paragraph 204 amended by GASBS 72, ¶77
• Paragraph 205 amended by GASBS 90, ¶5 and ¶6
• Paragraph 209 amended by GASBS 63, ¶8 and GASBS 69, ¶39; will be amended by GASBS 100, ¶4–¶39]
• Footnotes 81 and 82 amended by GASBS 63, ¶8
• Paragraphs 211–218 and fn85–fn94 superseded by GASBS 87, ¶3
• Footnote 95 amended by GASBS 63, ¶8; superseded by GASBS 87, ¶3
• Paragraphs 219, 220, fn96, and fn97 superseded by GASBS 87, ¶3
• Paragraph 221 amended by GASBS 65, ¶7 and ¶15; superseded by GASBS 87, ¶3
• Footnote 98 superseded by GASBS 87, ¶3
• Paragraph 222 superseded by GASBS 66, ¶4
• Paragraph 223 superseded by GASBS 87, ¶3
• Paragraph 224 amended by GASBS 63, ¶8; superseded by GASBS 87, ¶3
• Paragraph 225 and fn99–fn105 superseded by GASBS 87, ¶3
• Paragraph 226 amended by GASBS 63, ¶8; superseded by GASBS 87, ¶3
• Footnotes 106–108 superseded by GASBS 87, ¶3
• Paragraph 227 amended by GASBS 63, ¶8; GASBS 65, ¶17; and GASBS 66, ¶4; superseded by GASBS 87, ¶3
• Paragraphs 228–241 and fn109–fn111 superseded by GASBS 87, ¶3
• Paragraph 242 amended by GASBS 65, ¶18; superseded by GASBS 87, ¶3
• Footnote 112 amended by GASBS 65, fn6; superseded by GASBS 87, ¶3
• Footnote 113 amended by GASBS 65, fn7; superseded by GASBS 87, ¶3
• Paragraphs 243–271 and fn114–fn141 superseded by GASBS 87, ¶3
• Paragraph 280 amended by GASBS 99, ¶28
• Paragraph 320 amended by GASBS 87, ¶82–¶86
• Paragraph 323 amended by GASBS 65, ¶31
• Paragraph 329 will be amended by GASBS 100, ¶7, ¶8, ¶20, and ¶21
• Paragraph 339, fn163, and fn165 amended by GASBS 63, ¶8
• Footnote 165 amended by GASBS 63, ¶8
• Paragraph 351 amended by GASBS 87, ¶20 and ¶40
• Footnotes 173 and 174 superseded by GASBS 89, ¶4
• Paragraph 361 will be amended by GASBS 100, ¶20 and ¶21
• Paragraphs 368 and 369 amended by GASBS 87, ¶40
• Footnote 179 superseded by GASBS 87, ¶3
• Paragraph 373 amended by GASBS 72, ¶5
• Paragraph 395 and fn193 superseded by GASBS 89, ¶4
• Paragraph 404 amended by GASBS 65, ¶20
• Paragraph 409 amended by GASBS 63, ¶8 and GASBS 72, ¶5–¶58
• Footnote 200 amended by GASBS 63, ¶8
• Paragraph 413 amended by GASBS 65, ¶20
• Paragraph 414 superseded by GASBS 65, ¶20
• Paragraphs 416 and 417 amended by GASBS 65, ¶20
• Footnote 202 amended by GASBS 63, ¶8
• Paragraph 419 amended by GASBS 65, ¶20
• Paragraphs 424 and 425 amended by GASBS 72, ¶64
• Paragraph 428 amended by GASBS 63, ¶8 and GASBS 85, ¶6
• Paragraph 429 amended by GASBS 65, ¶20
• Paragraphs 430 and 432 amended by GASBS 63, ¶8
• Footnote 205 amended by GASBS 63, ¶8
• Paragraph 433 amended by GASBS 65, ¶24 and GASBS 66, ¶5
• Paragraph 434 amended by GASBS 65, ¶22
• Footnote 206 superseded by GASBS 65, ¶22
• Paragraph 437 amended by GASBS 65, ¶23
• Paragraphs 438–440 amended by GASBS 65, ¶22
• Footnote 209 amended by GASBS 65, ¶22 and GASBS 69, ¶39
• Paragraph 442 amended by GASBS 65, ¶24 and GASBS 66, ¶5
• Paragraph 443 amended by GASBS 65, ¶24 and ¶31 and GASBS 66, ¶5
• Footnote 210 amended by GASBS 63, ¶8
• Paragraphs 444–447 and fn211–fn213 superseded by GASBS 65, ¶26
• Paragraph 448 amended by GASBS 63, ¶8 and GASBS 65, ¶22
• Paragraph 450 amended by GASBS 87, ¶40
• Footnote 215 amended by GASBS 63, ¶8
• Footnote 216 superseded by GASBS 65, ¶26
• Paragraph 458 amended by GASBS 66, ¶6
• Paragraph 460 and fn218 superseded by GASBS 66, ¶6
• Paragraph 467 amended by GASBS 65, ¶26
• Paragraph 469 amended by GASBS 65, ¶27
• Paragraph 475 amended by GASBS 66, ¶6
• Paragraph 482 amended by GASBS 65, ¶29
• Footnote 225 superseded by GASBS 65, ¶29
• Paragraph 485 amended by GASBS 63, ¶8; GASBS 89, ¶4; and GASBS 99, ¶31
• Footnote 226 superseded by GASBS 89, ¶4
• Footnote 227 amended by GASBS 63, ¶8
• Footnote 228 amended by GASBS 99, ¶31
• Paragraphs 493, 498, 501, 502, fn227, fn230, and fn232 amended by GASBS 63, ¶8

Other Interpretive Literature:

• GASBTB 2020-1 (Provides guidance on ¶46b)
• GASBIG 2015-1
• GASBIG 2016-1
• GASBIG 2018-1

Primary Codification Section Reference: Throughout

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