A GASB Timeline

1984

* Holds its first meeting. James Antonio appointed first chair

* Incorporates all effective National Council on Governmental Accounting pronouncements into GASB Statement 1

1986

* Issues Statement No. 3 on deposits and investments

* Formally designated the standard-setter for state and local governments by the AICPA

1987

* Concepts Statement No. 1, Objectives of Financial Reporting

1989

* FAF reconfirms that certain special-purpose entities, including public hospitals, colleges, and universities, are under the jurisdiction of GASB

1991

* Issues Statement No. 14 on the financial reporting entity

1994

* Issues Concepts Statement No. 2 on service efforts and accomplishments (amended 2008)

* Issues Statement Nos. 25 and 27 on pension plans

1995

* Tom Allen appointed second chairman

1997

* Issues Statement No. 31 on investments

* FAF expands GASB from five to seven members, with six serving on a part-time basis

1998

* Issues Statement No. 33 on non-exchange transactions

1999

* Issues Statement No. 34 with new financial reporting model

2003

* Issues Statement No. 42 on impairment of capital assets

2004

* Issues Statement Nos. 43 and 45 on post-employment benefits other than pensions

* Robert Attmore appointed third chairman

2005

* Issues Concepts Statement No. 3 on communication

2006

* Issues Statement No. 48 on future revenues

* Issues Statement No. 49 on pollution remediation

2007

* Issues Concepts Statement No. 4

2008

* Issues Statement No. 53 on derivatives

* Issues Concepts Statement No. 5 on service efforts and accomplishments

2009

* Issues Statement No. 54 on fund balance reporting

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