Status of Interpretation No. 39

Offsetting of Amounts Related to Certain Contracts—an interpretation of APB Opinion No. 10 and FASB Statement No. 105


Issued: March 1992

Effective Date:
For financial statements issued for periods beginning after December 15, 1993


Supersedes FTB 88-2


Affected by:
Summary and paragraphs 3 and 10 amended by FSP FIN 39-1, paragraphs 4(a) through 4(c), respectively
Paragraph 7 amended by FAS 113, paragraph 32; FAS 135, paragraph 5(d); and FAS 144, paragraph C21
Paragraph 9 and footnote 4 deleted by FSP FIN 39-1, paragraph 4(c)
Paragraphs 10A and 10B added by FSP FIN 39-1, paragraph 4(d)


Other Interpretive Pronouncement:
FIN 41


Other Interpretive Release:
FASB Staff Position FIN 39-1


AICPA Accounting Standards Executive Committee (AcSEC)


Related Pronouncements:
SOP 90-7
SOP 96-1


Issues Discussed by FASB Emerging Issues Task Force (EITF)


Resolves EITF Issues No. 84-11 and Topic No. D-25
Affects EITF Issue No. 86-25


Interpreted by:
Paragraphs 6 and 48 interpreted by EITF Topic No. D-43


Related Issues:
EITF Issues No. 92-2, 97-14, and 03-8

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