SFAS 106 definition

SFAS 106 means Statement of Financial Accounting Standards No. 106.
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SFAS 106 means Statement of Financial Accounting Standards No.106.
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SFAS 106 has the meaning set forth in Section 6.10(l)(2).
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Examples of SFAS 106 in a sentence

  • The SFAS 106 obligation has been calculated based on this assumption.

  • The use of pension assets to pay for PBOP cost does not impact the SFAS 106 calculation.

  • There, the Commission addressed a situation where RTC had recovered SFAS 106 costs via the Z-Factor but had failed to make tax-deductible contributions to PBOP trusts.

  • In accordance with SFAS 106, postretirement benefits such as life insurance and health care are accrued over the period the employee provides services to the Company.

  • Moreover, D.92-12-015 explicitly states that utilities subject to NRF should recognize a PBOP regulatory asset: The utilities under NRF should establish a regulatory asset in their regulatory financial statements to reflect yearly differences, if any, between their PBOP expense determined in accordance with [SFAS 106] and their allowable tax-deductible contributions.

  • With the sale of the Missouri Properties, the Company's SFAS 106 obligation at December 31, 1993 would have been lower by approximately $40.1 million and the 1993 expense would have been $5.3 million lower.

  • The funding policy for AEP's OPEB plan is to make contributions to an external Voluntary Employees Beneficiary Association trust fund equal to the incremental OPEB costs (i.e., the amount that the total postretirement benefits cost under SFAS 106, "Employers' Accounting for Postretirement Benefits Other Than Pensions," exceeds the pay-as-you-go amount).

  • ORA agrees with Overland that D.92-12-015 limited the SFAS 106 coststhat Pacific could claim for regulatory purposes in 1999 to the amount of Pacific’s tax-deductible contributions.

  • For current employees and certain retirees, the total SFAS 106 benefit is limited to two times the 1993 per-retiree health care cost.

  • The NU system's subsidiaries provide certain health care benefits, primarily medical and dental, and life insurance benefits through a benefit plan to retired employees (referred to as SFAS 106 benefits).


More Definitions of SFAS 106

SFAS 106. SFAS 106 Adjustment" and "SFAS Transition Obligation" shall be and are hereby deleted in their entirety.
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SFAS 106. SFAS 109" and "Weighted Average Life to Maturity" set forth in Section 1.01 of the Indenture are hereby deleted in their entirety.
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SFAS 106 means Statement of Financial Accounting Standards No. 106, Employer's Accounting for Postretirement Benefits Other Than Pensions, issued by the Financial Accounting Standards Board.
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SFAS 106. Adjustment Amount shall mean that amount reflected on each of the most recent audited consolidated balance sheet of the Company and its Subsidiaries reflecting the application of SFAS 106 reduced by any deferred tax asset related to such SFAS 106 Adjustment Amount determined in accordance with GAAP.
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Related to SFAS 106

  • FASB means the Financial Accounting Standards Board.

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

  • 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

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

  • SFAS 140 means Statement of Financial Accounting Standards No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities.

  • Accounting Standard means GAAP.

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

  • 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).

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

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

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • Accounting Restatement means an accounting restatement that the Company is required to prepare due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period.

  • National Standards means the document entitled “National Standards for the Volatile Organic Compound Content of Canadian Commercial/Industrial Surface Coating Products Automotive Refinishing, October 1998, PN 1288" and published by the Canadian Council of Ministers of the Environment;

  • 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

  • Asset adequacy analysis means an analysis that meets the standards and other requirements referred to in 5.34(5)“d.”

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • IASB means the International Accounting Standards Board;

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

  • 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.

  • Pro Forma means producing a balance sheet that reflects a reasonably accurate financial statement of the Failed bank through the date of closing. The pro forma financial statements serve as a basis for the opening entries of both the Assuming Institution and the Receiver.

  • Actuarial Standards Board means the board established by the American Academy of Actuaries to develop and promulgate standards of actuarial practice.

  • EBITA means for any period, operating profit (loss) plus (i) amortization, including goodwill impairment, (ii) amortization of non-cash distribution and marketing expense and non-cash compensation expense, (iii) restructuring charges, (iv) non-cash write-downs of assets or goodwill, (v) charges relating to disposal of lines of business, (vi) litigation settlement amounts and (vii) costs incurred for proposed and completed acquisitions.

  • 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;

  • ASC Topic 718 means the Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation – Stock Compensation, as amended or any successor accounting standard.

  • ASC means the Financial Accounting Standards Board Accounting Standards Codification, as in effect from time to time.