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.

  • When ordering parts for items carrying brand names of other companies, such as fan motors, drive shafts, etc., be sure to include the other company’s name and part number and other relevant information.

  • Formula Rate TemplateGeneral Note: References to pages in this formulary rate are indicated as: (page#, line#, col.#)References to data from FERC Form 1 are indicated as: #.y.x (page, line, column)Note LetterA The balances in Accounts 190, 281, 282 and 283, as adjusted by any amounts in contra accounts identified as regulatory assets or liabilities relatedto FASB 106 or 109.

  • As well as framing junctions and gateways, they can also act as popular meeting and gathering points, therefore the architecture shall facilitate this in a way that does not impede free movement.

  • Schedule ADIT-190 Account 190 Rounding Subtotal - p23400000 Less FASB 109 Above if not separately removed Less FASB 106 Above if not separately removed Total00000 Instructions for Account 190:1.

  • 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.

  • 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.

  • 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.

Related to FASB 106

  • FASB means the Financial Accounting Standards Board.

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

  • NI 81-106 means National Instrument 81-106 Investment Fund Continuous Disclosure;

  • 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 refers to the standards of that name, as amended from time to time, that are maintained by the Australian Accounting Standards Board referred to in 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

  • NI 45-106 means National Instrument 45-106 – Prospectus Exemptions;

  • International Accounting Standards means International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and related Interpretations (SIC-IFRIC interpretations), subsequent amendments to those standards and related interpretations, and future standards and related interpretations issued or adopted by the International Accounting Standards Board (IASB);

  • 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

  • NI 81-107 means National Instrument 81-107 Independent Review Committee for Investment Funds;

  • Form 2106 means internal revenue service form 2106 filed by a taxpayer pursuant to the Internal Revenue Code.

  • Consolidated Net Income (Loss) of any Person means, for any period, the consolidated net income (or loss) of such Person and its consolidated Subsidiaries for such period as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (loss), by excluding, without duplication, (i) the portion of net income (or loss) of any other Person (other than any of such Person's consolidated Subsidiaries) in which such Person or any of its Subsidiaries has an ownership interest, except to the extent of the amount of dividends or other distributions actually paid to such Person or its consolidated Subsidiaries in cash by such other Person during such period, (ii) 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, (iii) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan and (iv) solely for the purpose of determining Consolidated Net Income (Loss) in connection with the calculation of Restricted Payments permitted to be made hereunder, the net income of any consolidated Subsidiary of such Person to the extent that the declaration or payment 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 regulations applicable to that Subsidiary or its shareholders; provided that, upon the termination or expiration of such dividend or distribution restrictions, the portion of net income (or loss) of such consolidated Subsidiary allocable to such Person and previously excluded shall be added to the Consolidated Net Income (Loss) of such Person to the extent of the amount of dividends or other distributions available to be paid to such Person in cash by such Subsidiary.

  • 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 means the accounting standards and interpretations adopted 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.

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