Status of Statement No. 89

Statement No. 89
Accounting for Interest Cost Incurred before the End of a Construction Period


Status

Issued: June 2018

Effective date:

  • For reporting periods beginning after December 15, 2020
Affects:

  • Amends GASBS 34, ¶18
  • Supersedes GASBS 37, ¶6
  • Supersedes GASBS 62, ¶5–¶22, ¶395, fn1–fn7, fn173, fn174, fn193, and fn226
  • Amends GASBS 62, ¶3 and ¶485
  • Supersedes GASBIG 2015-1, Q7.10.3–Q7.10.7 and QZ.51.11
Affected by: Paragraph 6 amended by GASBS 95, ¶4

Primary Codification Section Reference: 1400

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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