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 the SEC Staff Accounting Bulletin No. 101 - Revenue Recognition in Financial Statements dated 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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Examples of SAB 101 in a sentence

  • Target's revenue recognition policies have been formulated and administered in accordance with GAAP, including but not limited to SAB 101 and AICPA Statement of Position 97-2, "Software Revenue Recognition," and such revenue recognition policies have been thoroughly reviewed and approved without modification or recommendation by Target's certified public accountants.

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

  • We adopted SAB 101 in the fourth quarter of 2000, with retroactive effect to January 1, 2000.

  • We believe that our current revenue recognition principles comply with SAB 101.

  • In December 1999, the Securities and Exchange Commission staff (the "Staff") issued Staff Accounting Bulletin No. 101 ("SAB 101"), Revenue Recognition in Financial Statements.

  • In June 2000, the SEC released SAB 101B, which postponed the effective date SAB 101 to the fourth quarter of fiscal years beginning after December 15, 1999.

  • Recently Issued Accounting Standards In December 1999, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) 101, "Revenue Recognition in Financial Statements." This bulletin addresses appropriate revenue recognition practices in the application of generally accepted accounting principles in financial statements.

  • Implementation of SAB 101 had the pro forma effect of reducing revenues by $9.8 million and pre-tax income by $5.1 million or $0.21 per diluted share for the full year 2000, compared to $13.6 million and $7.4 million or $0.30 per diluted share for 1999.

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

  • Revenue from product sales is recognized when the risks of loss and title pass to the customer, as specified in (1) the respective sales agreements and (2) other revenue recognition criteria as prescribed by Staff Accounting Bulletin (“SAB”) No. 101 (SAB 101), “Revenue Recognition in Financial Statements,” as amended by SAB No. 104, “Revenue Recognition”.

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;