FASB 106 definition

FASB 106 means Statement of Financial Accounting Standards No. 106 promulgated by the Financial Accounting Standards Board.
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FASB 106 means Financial Accounting Standards Board Statement No. 106, as in effect on the date of this Agreement, specifying applicable accounting principles with respect to accrual of the expected cost of providing post retirement benefits to employees or their dependents.
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FASB 106 means Financial Accounting Standards Board Statement No. 106, as in effect on August 31, 1992, specifying applicable accounting principles with respect to accrual of the expected cost of providing post retirement benefits to employees or their dependents.
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Examples of FASB 106 in a sentence

  • The balances in Accounts 190, 281, 282 and 283, as adjusted by any amounts in contra accounts identified as regulatory assets or liabilities related to FASB 106 or 109.

  • For example, any and all amounts in contra accounts identified as regulatory assets or liabilities related to FASB 106 or 109 should be excluded.

  • Under FASB 106, post-retirement benefits, including retiree health benefits, are required to be recognized as a cost as they are earned over the working lifetime of the employee, rather than as they are paid after retirement.

  • F The balances in Accounts 190, 281, 282 and 283, as adjusted by any amounts in contra accounts identified as regulatory assets or liabilities related to FASB 106 or 109.

  • The words of oath are words of utterances that affirm conviction or obedience to decisions.

  • The underlying review of the S&P 500 is found in Howard Silverblatt and Dave Gua- Although the booking of the liabilities by itself does not alter the company’s cash flow, FASB 106 obliga- tions affect credit worthiness as well as market and shareholder perceptions of the health of the company.

  • A Attachment 1 - Accumulated Deferred Income Taxes (ADIT) Worksheet A Schedule ADIT-283 Account 283 Subtotal - p277 00000 Less FASB 109 Above if not separately removed Less FASB 106 Above if not separately removed Total 00000 Instructions for Account 283:1.

  • To ensure that customers receive the time value of money, these public utilities will adjust the amounts in these accounts by any amounts in contra accounts identified as regulatory assets or liabilities related to FASB 106 or 109, as appropriate.

  • As described in the footnote of page 7, we used the same “Projected Unit Credit” cost method that we employ for similar calculations in the corporate (FASB 106) and multiemployer (SOP 92-6) sectors.

  • In short, FASB 106 requires em- ployers to “reflect on their balance sheets the present value of estimated future costs for retirees’ medical benefits.” Wise, 986 F.2d at 932.As of the beginning of 2006, the unfunded retiree healthcare liability for the Standard & Poor’s 500 was estimated at $321 billion, more than twice the unfunded pension plan liability for those firms.19 18 FASB, Summary of Statement No. 106 (Dec.

Related to FASB 106

  • FASB means the Financial Accounting Standards Board.

  • FASB ASC means the Accounting Standards Codification of the Financial Accounting Standards Board.

  • Accounting Standard means GAAP.

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • Australian Accounting Standards means the accounting standards made by the Australian Accounting Standards Board in accordance with section 227 of the Australian Securities and Investments Commission Act 2001 (Cth).

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • FAS means Free alongside shipment

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • standards of generally recognised accounting practice means an accounting practice complying with standards applicable to municipalities or municipal entities as determined by the Accounting Standards Board

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • Accounting system means the Contractor's system or systems for accounting methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data for reporting in compliance with applicable laws, regulations, and management decisions, and may include subsystems for specific areas such as indirect and other direct costs, compensation, billing, labor, and general information technology.

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).

  • Brazilian GAAP means, collectively, the accounting principles prescribed by Brazilian Corporate Law, the rules and regulations issued by applicable regulators, including the CVM, as well as the technical releases issued by the Brazilian Institute of Accountants (Instituto Brasileiro de Contadores), in each case as in effect from time to time.

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Canadian GAAP means Generally Accepted Accounting Principles as provided in the Handbook of the Canadian Institute of Chartered Accountants.

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • IFRS means International Financial Reporting Standards as issued by the International Accounting Standards Board.

  • Consolidated Net Loss for any fiscal period, means the amount which, in conformity with GAAP, would be set forth opposite the caption "net income" (or any like caption), as the case may be, on a consolidated statement of earnings of the Borrower and its Subsidiaries, if any, for such fiscal period.

  • GAAP means generally accepted accounting principles in the United States of America.

  • U.S. GAAP means United States generally accepted accounting principles consistently applied.