Status of Interpretation No. 40

Applicability of Generally Accepted Accounting Principles to Mutual Life Insurance and Other Enterprises—an interpretation of FASB Statements No. 12, 60, 97, and 113

Status

Issued: April 1993
 

Effective Date:
For financial statements issued for fiscal years beginning after December 15, 1994. Disclosure provisions effective for annual financial statements for fiscal years beginning after December 15, 1992.

 

Affects:
No other pronouncements

 

Affected by:
Paragraph 3 amended by FAS 162, paragraph B11||
Paragraph 4 amended by FAS 115, paragraph 134
Paragraph 5 amended by FAS 115, paragraph 134, and FAS 135, paragraph 4(bb)
Paragraph 7 amended by FAS 120, paragraph 10

 

AICPA Accounting Standards Executive Committee (AcSEC)

 

Related Pronouncement: PB 15

 

Issues Discussed by FASB Emerging Issues Task Force (EITF)

 

Affects:
No EITF Issues

 

Interpreted by:
No EITF Issues

 

Related Issue:
EITF Topic No. D-41

 


______________________
||Note: Amendments as a result of FAS 162 are effective 60 days following the SEC’s approval of the PCAOB’s amendments to AU Section 411, The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles.

 


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

 

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