Status of Statement No. 66

Accounting for Sales of Real Estate

Status

Issued: October 1982

Effective Date:

For real estate sales transactions entered into after December 31, 1982

Affects:

Amends FAS 26, paragraph 7

Amends FAS 28, paragraphs 3 and 23 through 25

Amends FAS 32, Appendix A

Affected by:

Paragraph 2 amended by FAS 152, paragraph 3

Paragraph 40 replaced by FAS 98, paragraph 23

Paragraph 65 amended by FAS 144, paragraph C9

Footnote 5 replaced by FAS 121, paragraph 30, and FAS 144, paragraph C30

Footnote 34 amended by FAS 135, paragraph 4(n)

Other Interpretive Pronouncement:

FIN 43

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncements:

SOP 92-1

SOP 01-6

SOP 04-2

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:

No EITF Issues

Interpreted by:

Paragraphs 3, 4, and 6 interpreted by EITF Issue No. 88-24

Paragraph 5 interpreted by EITF Issues No. 86-7 and 85-24

Paragraph 9 interpreted by EITF Issues No. 87-9, 88-12, 88-24, and 01-2

Paragraph 10 interpreted by EITF Issues No. 87-9, 88-12, and 88-24

Paragraph 11 interpreted by EITF Issues No. 87-9 and 88-12

Paragraph 12 interpreted by EITF Issues No. 84-17 and 06-8

Paragraph 26 interpreted by EITF Issues No. 86-6 and 07-6

Paragraph 37 interpreted by EITF Issue No. 06-8

Paragraph 53 interpreted by EITF Issue No. 87-9

Paragraph 54 interpreted by EITF Issues No. 87-9 and 88-12

Paragraph 101 and footnote 33 interpreted by EITF Issue No. 98-8

Related Issues:

EITF Issues No. 84-37, 85-27, 86-17, 88-14, 88-21, 89-14, 96-21, 97-1, 00-11, 00-13, and 06-8

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