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- <br />VINO <br />Vimm <br />immor <br />Mmo <br />ACCOUNTING STANDARDS UPDATE <br />APPENDIX B <br />A B s . i i 1 B 1 in . ' 1 , b l< rivatives and imilar <br />Jnvestment Transactions <br />This bulletin addresses fmancial statement disclosures about derivatives. If derivatives have <br />been held, used or written during the period covered by the financial statements, disclosure <br />should include a discussion of the following items: <br />• nature of the transaction and reason for entering into it <br />• exposure to credit risk, market risk, and legal risk <br />The provisions of this Technical Bulletin are effective for periods ending after December 15, <br />1994. <br />GASB No. 29 The Use of Not - for - Profit Accounting and Financial Reporting Principles by <br />Governmental Entities <br />This Statement was issued in August, 1995 and provides interim guidance of the use of not -for- <br />profit accounting and fmancial reporting principles by state and local government entities. <br />This Statement allows governmental entities that have followed the AICPA not - for - profit model <br />(SOP78 -10 or Audits of Voluntary Health and Welfare Organization) to continue to do so until <br />the Board's financial reporting model project is complete. <br />Proprietary activities that have elected to continue to follow FASB guidance under paragraph 7 <br />of GASB Statement No. 20, should apply only those FASB statements and interpretations issued <br />on or after November 30, 1989, that are developed for business enterprises. <br />The provisions of this Statement are effective for financial statements for periods beginning after <br />December 15, 1994. <br />PREPARED BY TAUTGES, REDPATH & CO., LTD. PAGE 7 OF 8 <br />