SFAS 115 definition

SFAS 115 means the Statement of Financial Accounting Standards -------- No. 115 "Accounting for Certain Investments in Debt and Equity Securities" issued by the Financial Accounting Standards Board.
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Examples of SFAS 115 in a sentence

  • Such a review shall encompass, as applicable, the factors specified in Statement of Financial Accounting Standards No. 115, “Accounting for Certain Investments in Debt and Equity Securities” (SFAS 115), and other accounting guidance.

  • Salomon Brothers noted that these multiples could be compared with the multiples of 16.8x, 14.3x, 1.22x and 1.33x that the Merger Consideration represented to APY's 1996 operating EPS, estimated 1997 operating EPS, book value and book value excluding the effect of SFAS 115, respectively.

  • An analysis of the multiples of price to book value excluding the effect of SFAS 115 yielded multiples ranging from 1.26x to 2.14x, with a median of 1.64x, for the Comparable Companies.

  • Salomon Brothers also reviewed net premiums written, assets, total assets, reserve for losses and loss adjustment expenses, unearned premium, total shareholders' equity, book value per share and book value per share excluding the effect of SFAS 115 for fiscal years 1992 through 1996.

  • For APY and each of the Comparable Companies, Salomon Brothers reviewed, among other things, its 1996 operating earnings per share ("EPS"), 1997 estimated operating EPS, book value (as of December 31, 1996), book value excluding the effect of SFAS 115, dividend yield, 1997 implied return on equity (based on 1997 estimated operating EPS and book value) and the ratio of enterprise value (equity market capitalization plus total debt, preferred stock and minority interests) to statutory surplus.

  • In addition, Salomon Brothers reviewed total investments, separate account assets, total assets, total shareholders' equity, book value per share and book value per share excluding the effect of SFAS 115 for fiscal years 1992 through 1996.

  • LONG-TERM INVESTMENTS Under the criteria set forth in Statement of Financial Accounting Standards No. 115, "Accounting for Certain Investments in Debt and Equity Securities" ("SFAS 115"), debt and marketable equity securities are ▇▇▇▇▇▇ CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED) required to be classified in one of three categories: trading, available-for-sale, or held-to-maturity.

  • SFAS 115 establishes the accounting and reporting requirements for all debt securities and for investments in equity securities that have readily determinable fair values.

  • The intent is to treat all investments as "Available-for-sale" as defined in SFAS 115, unless otherwise designated.

  • SFAS 115 requires the classification of debt and equity securities into one of three categories: held to maturity, available for sale, or trading.