List of GASB Statements
Encyclopedia
The Governmental Accounting Standards Board Statements (GASB Statements in short) are issued by GASB
to set generally accepted accounting principles
(GAAP) for state and local governments in the United States of America. These statements are the most authoritative source for governmental GAAP. Other business entities follow statements issued by Financial Accounting Standards Board
(FASB).
Governmental Accounting Standards Board
The Governmental Accounting Standards Board is currently the source of generally accepted accounting principles used by State and Local governments in the United States of America...
to set generally accepted accounting principles
Generally Accepted Accounting Principles
Generally Accepted Accounting Principles refer to the standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as accounting standards...
(GAAP) for state and local governments in the United States of America. These statements are the most authoritative source for governmental GAAP. Other business entities follow statements issued by Financial Accounting Standards Board
Financial Accounting Standards Board
The Financial Accounting Standards Board is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles within the United States in the public's interest...
(FASB).
| No. | Title | Issue date | Changes |
|---|---|---|---|
| 1. | Authoritative Status of NCGA Pronouncements and AICPA Industry Audit Guide | July 1984 |
|
| 2. | Financial Reporting of Deferred Compensation Plans Adopted under the Provisions of Internal Revenue Code Section 457 | Jan. 1986 |
|
| 3. | Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements | Apr. 1986 |
|
| 4. | Applicability of FASB Statement No. 87, "Employers' Accounting for Pensions," to State and Local Governmental Employers | Sept. 1986 |
|
| 5. | Disclosure of Pension Information by Public Employee Retirement Systems and State and Local Governmental Employers | Nov. 1986 |
|
| 6. | Accounting and Financial Reporting for Special Assessments | Jan. 1987 |
|
| 7. | Advance Refundings Resulting in Defeasance of Debt | Mar. 1987 |
|
| 8. | Applicability of FASB Statement No. 93,"Recognition of Depreciation by Not-for-Profit Organizations," to Certain State and Local Governmental Entities | Jan 1988 |
|
| 9. | Reporting Cash Flows of Proprietary and Nonexpendable Trust Funds and Governmental Entities That Use Proprietary Fund Accounting | Sept. 1989 |
|
| 10. | Accounting and Financial Reporting for Risk Financing and Related Insurance Issues | Nov. 1989 |
|
| 11. | Measurement Focus and Basis of Accounting--Governmental Fund Operating Statements | May 1990 |
|
| 12. | Disclosure of Information on Postemployment Benefits Other Than Pension Benefits by State and Local Governmental Employers | May 1990 |
|
| 13. | Accounting for Operating Leases with Scheduled Rent Increases | May 1990 |
|
| 14. | The Financial Reporting Entity | June 1991 |
|
| 15. | Governmental College and University Accounting and Financial Reporting Models | Oct. 1991 |
|
| 16. | Accounting for Compensated Absences | Nov. 1992 |
|
| 17. | Measurement Focus and Basis of Accounting--Governmental Fund Operating Statements: Amendment of the Effective Dates of GASB Statement No. 11 and Related Statements--an amendment of GASB Statements No. 10, 11, and 13 | June 1993 |
|
| 18. | Accounting for Municipal Solid Waste Landfill Closure and Postclosure Care Costs | Aug. 93 |
|
| 19. | Governmental College and University Omnibus Statement--an amendment of GASB Statements No. 10 and 15 | Sept. 1993 1974 |
|
| 20. | Accounting and Financial Reporting for Proprietary Funds and Other Governmental Entities That Use Proprietary Fund Accounting | Sept. 1993 |
|
| 21. | Accounting for Escheat Property | Oct. 1993 |
|
| 22. | Accounting for Taxpayer-Assessed Tax Revenues in Governmental Funds | Dec. 1993 |
|
| 23. | Accounting and Financial Reporting for Refundings of Debt Reported by Proprietary Activities | Dec. 1993 |
|
| 24. | Accounting and Financial Reporting for Certain Grants and Other Financial Assistance | June 1994 |
|
| 25. | Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans | Nov. 1994 |
|
| 26. | Financial Reporting for Postemployment Healthcare Plans Administered by Defined Benefit Pension Plans | Nov. 1994 |
|
| 27. | Accounting for Pensions by State and Local Governmental Employers | Nov. 1994 |
|
| 28. | Accounting and Financial Reporting for Securities Lending Transactions | May 1995 |
|
| 29. | The Use of Not-for-Profit Accounting and Financial Reporting Principles by Governmental Entities | Aug. 1995 |
|
| 30. | Risk Financing Omnibus--an amendment of GASB Statement No. 10 | Feb. 1996 |
|
| 31. | Accounting and Financial Reporting for Certain Investments and for External Investment Pools | Mar. 1997 |
|
| 32. | Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans--a recission of GASB Statement No. 2 and an amendment of GASB Statement No. 31 | Oct. 1997 |
|
| 33. | Accounting and Financial Reporting for Nonexchange Transactions | Dec. 1998 |
|
| 34. | Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments GASB 34 GASB stands for Governmental Accounting Standards Board.In June 1999, GASB Statement 34 was published. GASB 34 requires state and local governments to begin reporting all financial transactions, including the value of their infrastructure assets, roads, bridges, water and sewer facilities, and ... |
June 1999 |
|
| 35. | Basic Financial Statements—and Management’s Discussion and Analysis—for Public Colleges and Universities—an amendment of GASB Statement No. 34 | Nov. 1999 |
|
| 36. | Recipient Reporting for Certain Shared Nonexchange Revenues—an amendment of GASB Statement No. 33 | Apr. 2000 |
|
| 37. | Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments: Omnibus—an amendment of GASB Statements No. 21 and No. 34 | June 2001 |
|
| 38. | Certain Financial Statement Note Disclosures | June 2001 |
|
| 39. | Determining Whether Certain Organizations Are Component Units—an amendment of GASB Statement No. 14 | May 2002 |
|
| 40. | Deposit and Investment Risk Disclosures—an amendment of GASB Statement No. 3 | Apr. 2003 |
|
| 41. | Budgetary Comparison Schedules—Perspective Differences—an amendment of GASB Statement No. 34 | May 2003 |
|
| 42. | Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries | Nov. 2003 |
|
| 43. | Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans | Mar. 2004 |
|
| 44. | Economic Condition Reporting: The Statistical Section—an amendment of NCGA Statement 1 | May 2004 |
|
| 45. | Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions GASB 45 GASB 45, or GASB Statement 45, is an accounting and financial reporting provision requiring government employers to measure and report the liabilities associated with other postemployment benefits... |
June 2004 |
|
| 46. | Net Assets Restricted by Enabling Legislation—an amendment of GASB Statement No. 34 | Dec.2004 |
|
| 47. | Accounting for Termination Benefits | June 2005 |
|
| 48. | Sales and Pledges of Receivables and Future Revenues and Intra-Entity Transfers of Assets and Future Revenues | September 2006 |
|
| 49. | Accounting and Financial Reporting for Pollution Remediation Obligations | November 2006 |
|
| 50. | Pension Disclosures—an amendment of GASB Statements No. 25 and No. 27 | May 2007 |
|
| 51. | Accounting and Financial Reporting for Intangible Assets | June 2007 |
|
| 52. | Land and Other Real Estate Held as Investments by Endowments | Nov. 2007 |
|
| 53. | Accounting and Financial Reporting for Derivative Instruments | June 2008 |
|
| 54. | Fund Balance Reporting and Governmental Fund Type Definitions | March 2009 |
|
| 55. | The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments | March 2009 |
|
| 56. | Codification of Accounting and Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards | March 2009 |
|
| 57. | OPEB Measurements by Agent Employers and Agent Multiple-Employer Plans | December 2009 |
|
| 58. | Accounting and Financial Reporting for Chapter 9 Bankruptcies | December 2009 |
|