Status of Statement No. 117

Financial Statements of Not-for-Profit Organizations

Status

Issued: June 1993

Effective Date:
For fiscal years beginning after December 15, 1994

Affects:
Amends FAS 95, paragraphs 3, 18, 19, 27(b), 28 through 30, 32, and 130 and footnote 12

Affected by:
Paragraph 164 amended by FAS 144, paragraph C14
Paragraph 168 amended by FAS 124, paragraph 111

Other Interpretive Releases:
FASB Highlights, “Time for a Change—Implementing FASB Statements 116 and 117,” January 1995 (in Current Text Sections C67 and No5)
FASB Staff Position FAS 117-1

AICPA Accounting Standards Executive Committee (AcSEC)
Related Pronouncements:SOP 94-3
SOP 98-2
SOP 02-2

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:
No EITF Issues

Interpreted by:
Paragraph 22 interpreted by EITF Topic No. D-49

Related Issues:
No EITF Issues

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