Status of Interpretation No. 39

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


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