Status of Statement No. 7

Accounting and Reporting by Development Stage Enterprises


Issued: June 1975

Effective Date:
For fiscal periods beginning on or after January 1, 1976


Supersedes FIN 5


Affected by:
Paragraph 5 amended by FAS 71, paragraph 26(p)
Paragraphs 10 and 11(c) amended by FAS 95, paragraphs 152(d) and 151(b), respectively
Footnote 8 deleted by FAS 95, paragraph 151(b)


Other Interpretive Pronouncement:


AICPA Accounting Standards Executive Committee (AcSEC)
Related Pronouncement: SOP 98-5

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