Status of Statement No. 163

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

Status

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

 

Affects:
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)

 

Affects:
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