Statement No. 92
Omnibus 2020

Status

Issued: January 2020

Effective date:

The requirements of this Statement are effective as follows:

• The requirements related to the effective date of Statement 87 and Implementation Guide 2019-3, reinsurance recoveries, and terminology used to refer to derivative instruments are effective upon issuance.
• The requirements related to intra-entity transfers of assets and those related to the applicability of Statements 73 and 74 are effective for fiscal years beginning after June 15, 2021.
• The requirements related to application of Statement 84 to postemployment benefit arrangements and those related to nonrecurring fair value measurements of assets or liabilities are effective for reporting periods beginning after June 15, 2021.
• The requirements related to the measurement of liabilities (and assets, if any) associated with asset retirement obligations in a government acquisition are effective for government acquisitions occurring in reporting periods beginning after June 15, 2021.

Earlier application is encouraged and is permitted by topic.

Affects:

• Amends GASBS 10, ¶37
• Amends GASBS 31, ¶9 and ¶22
• Amends GASBS 34, ¶107–¶109 and ¶141
• Amends GASBS 48, ¶15
• Amends GASBS 53, ¶64, ¶65, ¶78, and fn12
• Amends GASBS 62, ¶167
• Amends GASBS 69, ¶35 and ¶36
• Amends GASBS 72, ¶81
• Amends GASBS 73, ¶5 and ¶116
• Amends GASBS 74, ¶4 and ¶59
• Amends GASBS 84, ¶22 and ¶25
• Amends GASBS 87, ¶92
• Amends GASBIG 2015-1, Q10.16.4, Q10.42.3, and Q10.46.10
• Amends GASBIG 2017-1, Q4.25
• Amends GASBIG 2017-2, Q4.5
• Amends GASBIG 2019-1, Q5.4
• Amends GASBIG 2019-3, ¶5

Affected by: Paragraphs 4, 5, and 14 amended by GASBS 95, ¶4

Primary Codification Section Reference: Throughout

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