Status of Statement No. 163

Accounting for Financial Guarantee Insurance Contracts—an interpretation of FASB Statement No. 60


Issued: May 2008

Effective Date:
For financial statements issued for fiscal years beginning after December 15, 2008, and interim periods within those fiscal years; disclosure requirements in paragraphs 30(g) and 31 are effective for the first period (including interim periods) beginning after May 23, 2008


Amends FAS 60, paragraph 6
Amends FAS 107, paragraph 8(c)
Amends FAS 133, paragraph 10(c)
Amends FIN 45, paragraph 6(d)


Affected by:
No other pronouncements


Issues Discussed by FASB Emerging Issues Task Force (EITF)


Partially nullifies EITF Issue No. 85-20


Interpreted by:
No EITF Issues


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