Status of Statement No. 97

Accounting and Reporting by Insurance Enterprises for Certain Long-Duration Contracts and for Realized Gains and Losses from the Sale of Investments

Status

Issued: December 1987

Effective Date:

For fiscal years beginning after December 15, 1988

Affects:

Deletes APB 30, footnote 8

Amends FAS 60, paragraphs 6 and 50

Replaces FAS 60, paragraph 15

Affected by:

Paragraphs 6 and 11 amended by FAS 120, paragraph 8

Paragraph 27 replaced by FAS 113, paragraph 31

Paragraph 28 amended by FAS 115, paragraph 131

Other Interpretive Pronouncement:

FIN 40

Other Interpretive Release:

FASB Staff Position FAS 97-1

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncements:

SOP 98-7

PB 8

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 and 93-14 and Topic No. D-41

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