Status of Statement No. 150

Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity

Status

Issued: May 2003

Effective Date:

For financial instruments entered into or modified after May 31, 2003; otherwise effective at the beginning of the first interim period beginning after June 15, 2003, except for mandatorily redeemable financial instruments of nonpublic entities, which are subject to the provisions of this Statement for the first fiscal period beginning after December 15, 2003

Affects:

Amends FAS 128, paragraph 24

Amends FAS 133, paragraphs 11 and 12(c)

Affected by:

Paragraph 17 amended by FAS 123(R), paragraph D16

Paragraph 17A added by FSP EITF 00-19-2, paragraph 14

Paragraph D1 amended by FAS 123(R), paragraph D16, and FAS 157, paragraph E26

Other Interpretive Releases:

FASB Staff Positions FAS 150-1 through FAS 150-5

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:

Nullifies EITF Issues No. 98-12 and 00-4

Interpreted by:

No EITF Issues

Related Issues:

EITF Issues No. 97-8, 97-15, 01-6, 05-4, and 07-2 and Topic No. D-98

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