SAB 101 definition

SAB 101 means Staff Accounting Bulletin No. 101 of the Securities and Exchange Commission issued December 3, 1999.
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SAB 101 means Staff Accounting Bulletin No. 101 of the Securities and Exchange Commission issued December 3, 1999. "Second Amendment to Fourth Amended and Restated Loan Agreement" is defined in the recitals to this Agreement.
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SAB 101 means the SEC Staff Accounting Bulletin No. 101 - Revenue Recognition in Financial Statements dated December 3, 1999.
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Examples of SAB 101 in a sentence

  • SAB 101 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosures related to revenue recognition policies.

  • SAB 101 summarizes certain areas of the Staff's views in applying generally accepted accounting principles to revenue recognition in financial statements.

  • SAB 101 provides guidance on the recognition, presentation and disclosure of revenue in financial statements.

  • The changes resulting from SAB 101 primarily affected the reporting of sales of products under agreements that contained customer acceptance criteria or payment terms that were linked to the timing of the installation of the product at the customer specified location.

  • Moreover, they were materially false and misleading in that, contrary to Defendants' affirmative statement that Seitel had implemented SAB 101 (which had become part of GAAP by the fourth quarter of 2000), Seitel had not properly done so.

  • Effective October 30, 2000, the Company, in response to the Securities and Exchange Commission Staff Accounting Bulletin No. 101 (SAB 101), changed its method of accounting for layaway sales, retroactive to the beginning of the year.

  • Management believes the change in accounting principle is preferable based on guidance provided in SAB 101.

  • In fiscal 2001, we also adopted SAB 101, resulting in a cumulative effect of an accounting change charge of $8.2 million, net of tax.

  • The Company believes that its current revenue recognition policies comply with SAB 101.

  • Moreover, they were materially false and misleading in that, contrary to Defendants affirmative statement that Seitel had implemented SAB 101 (which had become part of GAAP by the fourth quarter of 2000), Seitel had not properly done so.

Related to SAB 101

  • NI 58-101 means National Instrument 58-101 Disclosure of Corporate Governance Practices;

  • NI 44-101 means National Instrument 44-101 – Short Form Prospectus Distributions;

  • MI 61-101 means Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions;

  • NI 54-101 means National Instrument 54-101 – Communication with Beneficial Owners of Securities of a Reporting Issuer;

  • NI 51-101 means National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities;

  • NI 41-101 means National Instrument 41-101 – General Prospectus Requirements;

  • NI 43-101 means National Instrument 43-101 – Standards of Disclosure for Mineral Projects;

  • NI 45-102 means National Instrument 45-102 – Resale of Securities.

  • MI 11-102 means Multilateral Instrument 11-102 – Passport System;

  • NI 81-102 means National Instrument 81-102 – Investment Funds.

  • NI 44-102 means National Instrument 44-102 – Shelf Distributions;

  • MARPOL 73/78 means the International Convention for the Prevention of Pollution from Ships, 1973, as amended by the Protocol of 1978 relating thereto and by any other amendment in force thereafter;

  • NI 51-102 means National Instrument 51-102 – Continuous Disclosure Obligations;

  • Solid waste management means the purposeful and systematic collection, transportation, storage, processing, recovery, or disposal of solid waste.

  • O. Reg. 419/05 means the Ontario Regulation 419/05, Air Pollution – Local Air Quality.

  • Biological safety cabinet means a containment unit suitable for the preparation of low to moderate risk agents where there is a need for protection of the product, personnel, and environment, according to National Sanitation Foundation (NSF) Standard 49.

  • ug/l means micrograms per liter.

  • CDBG-DR means Community Development Block Grant Disaster Recovery.

  • MI 62-104 means Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids;

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

  • thalassemia means a group of inherited disorders characterised by reduced or absent amounts of haemoglobin.

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

  • Solid Waste Disposal Site means, as defined in NCGS 130A-290(a)(36), any place at which solid wastes are disposed of by incineration, sanitary landfill, or any other method.

  • NI 62-104 means National Instrument 62-104 Take-Over Bids and Issuer Bids adopted by the Canadian securities regulatory authorities, as now in effect or as the same may from time to time be amended, re-enacted or replaced;

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Traffic control signal means a device, whether manually, electrically, or mechanically operated, by which traffic is alternately directed to stop and permitted to proceed.