FAS 167 definition

FAS 167 means Statement Number 167 issued by the Financial Accounting Standards Board as same may be amended or interpreted from time to time.
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Examples of FAS 167 in a sentence

  • Notwithstanding the foregoing, any entity that is not a Subsidiary but would be required to be consolidated in the financial statements of the Borrower because of FIN 46R or FAS 167, (i) shall not be considered a “Subsidiary” for purposes of this Agreement and (ii) shall not be included in any computation of any financial covenant herein.

  • Except as otherwise provided above, all amounts shall be as incurred for the period June 1, 2009 to May 31, 2010 as determined on the basis of the Parent Accounting Policies in effect as of the date of this Agreement without giving effect to any changes in consolidation accounting principles resulting from the adoption of FAS 167.

  • The implementation of the Statement of Financial Accounting Standards No. 166 (FAS 166) and FAS 167 by the Financial Accounting Standards Board.

Related to FAS 167

  • FAS means Free alongside shipment

  • FASB means the Financial Accounting Standards Board.

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

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

  • Accounting Standard means GAAP.