Governmental Accounting Standards Board Statement Number 4
In September 1986, the Governmental Accounting Standards Board issued Governmental Accounting Standards Board Statement 4: Applicability of FASB Statement No. 87, "Employers' Accounting for Pensions," to State and Local Governmental Employers.
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Summary
This Statement provided that state and local governmental employers should not change their accounting and financial reporting of pension activities as a result of FASB Statement No. 87, Employers' Accounting for Pensions. The GASB issued it's own pronouncements on pension activities.
Status
This Statement was superseded by GASB 27.
Effective Date
The provisions of this Statement were effective on issuance.
Amends earlier standards
This Statement superseded NCGAS 1, ¶42 fn8.
Amended by later statements
This Statement was superseded by GASB 27. In addition, paragraph 10 was amended by GASB 29, ¶6, and paragraph 11 was amended by GASB 5, ¶30-¶47.
Discussion
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