Status of Statement No. 60

Accounting and Reporting by Insurance Enterprises

Status

Issued: June 1982

Effective Date:: For fiscal years beginning after December 15, 1982
Affects:: Amends APB 11, paragraph 6; Supersedes APB 23, paragraphs 26 through 30 and footnote 11; Amends APB 30, footnote 8; Amends FAS 5, paragraphs 41 and 102; Amends FAS 32, Appendixes A and B; Amends FIN 15, paragraphs 2 and 4; Amends FIN 22, paragraph 7
Affected by:: Paragraph 6 amended by FAS 97, paragraph 29; FAS 120, paragraph 7; and ^‡FAS 163, paragraph C1; Paragraph 12 deleted by FAS 145, paragraph 9(e); Paragraph 15 replaced by FAS 97, paragraph 30; Paragraph 19 amended by FAS 149, paragraph 32, and FAS 157, paragraph E8; Paragraphs 38 through 40 and 60(f) deleted by FAS 113, paragraph 29; Paragraph 42 amended by FAS 160, pararaph C6^†; Paragraph 45 replaced by FAS 115, paragraph 127(a); Paragraph 45 amended by FAS 124, paragraph 107(a); Paragraph 46 replaced by FAS 115, paragraph 127(b), and FAS 124, paragraph 107(b); Paragraph 46 amended by FAS 133, paragraph 528(a), and FAS 135, paragraph 4(m); Paragraph 47 amended by FAS 114, paragraph 23; Paragraph 48 amended by FAS 121, paragraph 28, and FAS 144, paragraph C28; Paragraph 49 replaced by FAS 91, paragraph 26; Paragraph 50 amended by FAS 97, paragraph 28; FAS 115, paragraph 127(c); and FAS 133, paragraph 528(b); Paragraph 51 amended by FAS 115, paragraph 127(d); Paragraphs 55 and 60(i) replaced by FAS 96, paragraph 205(r), and FAS 109, paragraph 288(t); Paragraphs 56 through 58, 60(j), and footnote 8 deleted by FAS 96, paragraph 205(r), and FAS 109, paragraph 288(t); Paragraph 59 amended by FAS 109, paragraph 288(t); Paragraphs 59A through 59E added by FAS 141(R), paragraph E16*; Footnote 4a added by FAS 149, paragraph 32, and deleted by FAS 157, paragraph E8; Footnote 7 deleted by FAS 115, paragraph 127(c)
Other Interpretive Pronouncements:: FIN 40; FTB 84-3 (Superseded by FAS 96 and FAS 109)
AICPA Accounting Standards Executive Committee (AcSEC) Related Pronouncements: SOP 94-5 SOP 94-6 SOP 97-3 SOP 98-7 SOP 00-3 PB 8 PB 15
Issues Discussed by FASB Emerging Issues Task Force (EITF)
Affects:: No EITF Issues
Interpreted by:: No EITF Issues
Related Issues:: EITF Issues No. 92-9, 93-6, and 93-14 and Topics No. D-35, D-41, and D-54

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^*Note: Amendments as a result of the issuance of FAS 141(R) are effective for business combinations with an acquisition date on or after the beginning of the first annual reporting period beginning on or after 12/15/08.
^†Note: Amendments as a result of the issuance of FAS 160 are effective for fiscal years and interim periods within those fiscal years, beginning on or after 12/15/08, for all entities that prepare consolidated financial statements (except for not-for-profit organizations).
^‡Note: Amendments as a result of the issuance of FAS 163 are effective for financial statements issued for fiscal years beginning after 12/15/08 and interim periods within those fiscal years.

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

Additional Details