Summaries / Status
Status of Statement No. 6
Accounting and financial reporting for special assessments
Status
Issued: January 1987
Effective Date:
- Financial statements for periods beginning after June 15, 1987
- Amends NCGAS 1 regarding the use of special assessment funds (principle 3 and ¶18, ¶20, ¶25–¶28, ¶30, and ¶90)
- Amends NCGAS 1 regarding long-term assets and liabilities resulting from and interest related to special assessment debt (principles 5 and 8, ¶19, ¶32, ¶42, ¶43, ¶46, ¶57, ¶68, ¶72, ¶73, ¶107, ¶108, ¶161, and fn14)
- Amends NCGAS 1, ¶63
- Amends NCGAS 1, ¶109
- Amends NCGAS 2, ¶5 and ¶6
- Amends NCGAS 5, ¶6
- Amends NCGAI 6, ¶5
- Supersedes AICPA SOP 75-3, ¶7
- Paragraph 13 amended by GASBS 34, ¶6 and GASBS 98, ¶4
- Paragraph 14 amended by GASBS 33, ¶7–¶14, ¶17, ¶18, and fn18 and GASBS 34, ¶6, ¶15, and ¶16
- Paragraph 15 amended by GASBS 33, ¶7–¶14, ¶17, ¶18, and fn18; GASBS 34, ¶15, ¶16, ¶80, ¶82, and ¶92; and GASBS 65, ¶30
- Paragraph 17 amended by GASBS 34, ¶15, ¶30, and ¶82
- Paragraph 19 amended by GASBS 34, ¶16, ¶50, ¶80, and ¶106 and GASBS 84, ¶18
- Paragraph 22 amended by GASBS 65, ¶30
- Paragraph 23 amended by GASBS 33, ¶7–¶14, ¶17, ¶18, and fn18; GASBS 34, ¶92, ¶100, and ¶103; and GASBS 63, ¶8
- Paragraph 24 amended by GASBS 14, ¶13
- Paragraph 25 superseded by GASBS 44, ¶3
Primary Codification Section Reference: S40
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 |