Status of Statement No. 87

Summaries / Status

Status of Statement No. 87
Leases


Status

Issued: June 2017

Effective date:

  • For fiscal years beginning after June 15, 2021, and all reporting periods thereafter

Affects:
  • Amends NCGAS 1, ¶42 and ¶43
  • Supersedes NCGAS 5
  • Amends NCGAI 6, ¶4 and ¶5
  • Amends GASBS 9, ¶37
  • Supersedes GASBS 13
  • Amends GASBS 14, ¶58 and ¶76
  • Amends GASBS 34, ¶81, ¶116, and ¶117
  • Supersedes GASBS 38, ¶11
  • Amends GASBS 42, ¶11 and ¶12
  • Amends GASBS 44, ¶23 and ¶45
  • Amends GASBS 51, ¶3
  • Amends GASBS 53, ¶74
  • Amends GASBS 58, ¶8
  • Supersedes GASBS 60, ¶7
  • Supersedes GASBS 62, ¶211–¶271, fn85–fn141, and fn179
  • Amends GASBS 62, ¶3, ¶6, ¶113, ¶135, ¶320, ¶351, ¶368, ¶369, ¶450, and fn12
  • Supersedes GASBS 65, ¶7 and ¶16–¶18, fn6, and fn7
  • Amends GASBS 65, ¶5
  • Amends GASBS 66, ¶2
  • Supersedes GASBS 66, ¶4
  • Amends GASBI 6, ¶5, ¶7, ¶9, ¶11, and ¶13
  • Supersedes GASBIG 2015-1, QZ.38.1
  • Amends GASBIG 2015-1, Q2.27.5, Q2.32.1, Q5.72.1, Q7.9.6, Q7.30.2, Q9.24.1, QZ.42.9, QZ.51.21, and QZ.54.11
  • Amends GASBIG 2016-1, Q5.2 and Q5.35
  • Amends GASBIG 2017-2, Q4.51
  • Amends AICPA HCE 2011, ¶5.71

Affected by:
  • Paragraph 8 amended by GASBS 91, ¶19 and ¶20; GASBS 94, ¶9; and GASBS 96, ¶3 and ¶4
  • Paragraph 16 amended by GASBS 99, ¶12
  • Paragraph 22 amended by GASBS 99, ¶13
  • Paragraphs 26 and 28 amended by GASBS 99, ¶14
  • Paragraph 45 amended by GASBS 99, ¶15
  • Paragraph 50 amended by GASBS 99, ¶16
  • Paragraph 61 amended by GASBS 99, ¶17
  • Paragraph 92 amended by GASBS 92, ¶4 and GASBS 95, ¶4

Other Interpretive Literature:
  • GASBIG 2019-3
  • GASBIG 2020-1
  • GASBIG 2021-1

Primary Codification Section Reference: L20

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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