Status of Statement No. 115

Accounting for Certain Investments in Debt and Equity Securities

Status

Issued: May 1993

Effective Date:
For fiscal years beginning after December 15, 1993

Affects:
Amends ARB 43, Chapter 3A, paragraph 4(f)
Amends APB 18, paragraph 19(l)
Supersedes FAS 12
Replaces FAS 60, paragraphs 45 and 46
Amends FAS 60, paragraphs 50 and 51
Deletes FAS 60, footnote 7
Amends FAS 65, paragraphs 4 through 8, 9(a), 9(c), 12, 17, 28, and 29
Amends FAS 80, paragraph 5
Amends FAS 91, paragraphs 3 and 27(a)
Amends FAS 97, paragraph 28
Amends FAS 102, paragraph 8 and footnote 4
Amends FAS 109, paragraph 36(b)
Supersedes FIN 11
Supersedes FIN 12
Supersedes FIN 13
Supersedes FIN 16
Amends FIN 40, paragraphs 4 and 5
Amends FTB 79-19, paragraph 1
Replaces FTB 79-19, paragraph 6
Amends FTB 85-1, paragraph 3

Affected by:
Paragraph 3(a) amended by FAS 157, paragraph E15(a)
Paragraph 4 amended by FAS 124, paragraph 110; FAS 133, paragraph 534(a); and FAS 159 paragraph C5(a)
Paragraph 7 amended by FAS 125, paragraph 233; FAS 135, paragraph 4(t); and FAS 140 paragraph 362
Paragraph 8(c) amended by FAS 144, paragraph C13
Paragraph 12(a) amended by FAS 134, paragraph 5
Paragraph 13 amended by FAS 130, paragraph 33(a), and FAS 133, paragraph 534(b)
Paragraph 15(b) amended by FAS 133, paragraph 534(c)
Paragraphs 15(c) and 15(d) amended by FAS 130, paragraphs 33(b) and 33(c), respectively
Paragraph 16 amended by FAS 130, paragraph 33(d); FAS 133, paragraph 534(d); and< FSP FAS 115-2/FAS 124-2, paragraph A2(a)
Paragraph 17 replaced by FAS 135, paragraph 4(t), and amended by FAS 159, paragraph C5(b)
Paragraph 18 amended by FAS 159, paragraph C5(c)
Paragraph 18A added by FSP FAS 115-2/FAS 124-2, paragraph A2(b)
Paragraph 19 amended by FAS 133, paragraph 534(e), and FSP FAS 115-2/FAS 124-2 paragraph A2(c)
Paragraphs 20 through 22 amended by FAS 133, paragraphs 534(f) through 534(h), respectively
Paragraph 115 amended by FAS 133, paragraph 534(i)
Paragraph 128(a) amended by FAS 134, paragraph 4
Paragraph 137 amended by FAS 133, paragraph 534(j), and FAS 157, paragraph E15(b)
Footnote 2 replaced by FAS 157, paragraph E15(a)
Footnote 4 amended by FAS 135, paragraph 5(c); FAS 145, paragraph 9(h); and FSP FAS 115-1/FAS 124-1, paragraph B2
Footnote 4 deleted by FSP FAS 115-2/FAS 124-2, paragraph A2(a)

Other Interpretive Pronouncement:
FTB 94-1

Other Interpretive Releases:
FASB Special Report, A Guide to Implementation of Statement 115 on Accounting for Certain Investments in Debt and Equity Securities: Questions and Answers (in Current Text Section I80)
FASB Staff Positions FAS 115-1/FAS 124-1 and FAS 115-2/FAS 124-2

AICPA Accounting Standards Executive Committee (AcSEC)
Related Pronouncements:
SOP 78-9
SOP 90-3
SOP 93-1
SOP 01-6
PB 4
PB 5
PB 6

Issues Discussed by FASB Emerging Issues Task Force (EITF)
Affects:
EITF Issues No. 85-25, 86-40, 89-18, and 91-5

Interpreted by:
Paragraph 3 interpreted by EITF Topic No. D-39
Paragraph 7 interpreted by EITF Issue No. 96-10 and Topic No. D-39
Paragraph 9 interpreted by EITF Topic No. D-51
Paragraph 12 interpreted by EITF Issue No. 98-13
Paragraph 13 interpreted by EITF Topic No. D-41

Related Issues:
EITF Issues No. 84-20, 85-23, 85-39, 94-8, 96-11, 96-12, 96-15, 97-7, 97-14, 98-2, 98-5 98-15, 99-4, 99-20, 00-8, 00-18, 00-27, 01-1, 02-2, and 08-4 and Topics No. D-11, D-40, and D-74

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