Status of Statement No. 124

Accounting for Certain Investments Held by Not-for-Profit Organizations

Status

Issued: November 1995

Effective Date:

For fiscal years beginning after December 15, 1995 and for interim periods within those fiscal years

Affects:

Amends FAS 60, paragraph 45

Replaces FAS 60, paragraph 46

Amends FAS 65, paragraph 4

Amends FAS 91, paragraph 3

Amends FAS 115, paragraph 4

Amends FAS 117, paragraph 168

Affected by:

Paragraphs 3, 5, and 112 and footnote 6 amended by FAS 133, paragraph 535

Paragraph 3(a) amended by FAS 157, paragraph E17(a)

Paragraph 6 amended by FAS 133, paragraph 535, and FAS 159, paragraph C6

Paragraph 7 amended by FSP FAS 115-1/124-1, paragraph B3

Paragraph 112 amended by FAS 157, paragraph E17(b)

Footnote 3 replaced by FAS 157, paragraph E17(a)

Other Interpretive Release:

FASB Staff Position FAS 115-1/124-1

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncements:

SOP 01-6

PB 5

PB 6

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:

No EITF Issues

Interpreted by:

Paragraph 11 interpreted by EITF Topic No. D-49

Related Issue:

EITF Issue No. 03-1

Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides