SFAS 142 definition

SFAS 142 means Statement of Financial Accounting Standards No. 142, Goodwill and Other Intangibles.
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SFAS 142 means the Statement of Financial Accounting Standards No. 142 (Goodwill and Other Intangible Assets), as issued by the Financial Accounting Standards Board in June, 2001, and applicable to all fiscal years beginning after December 15, 2001."
Sample 1Sample 2

Examples of SFAS 142 in a sentence

  • SFAS 142 requires, among other things, the discontinuance of goodwill amortization.

  • Accounting discretion in fair value estimates: An examination of SFAS 142 goodwill impairments.

  • SFAS 142 states that goodwill should not be amortized but tested for impairment for each reporting unit, on an annual basis and between annual tests in certain circumstances.

  • The amortization provisions of SFAS 142 apply to goodwill and intangible assets acquired after June 30, 2001.

  • The Contractor’s responsibility shall also extend to the clearing of drainage or water systems within and beyond the boundaries of the site that may have been affected by such negligence.

  • SFAS 142 is effective for fiscal years beginning after December 15, 2001.

  • The following list is only a summary of the claims being retained.

  • This is how I understand his scheme.Leibniz held that the entire world consists of nothing but distinctindivid uals, and that the sole essence of these individ uals is to have percep- tions (not all of which they are distinctly aware of).

  • The Company is also required to reassess the useful lives of other intangible assets within the first interim quarter after adoption of SFAS 142.

  • SFAS 142 requires, among other things, the discontinuance of goodwill amortization and includes provisions for the reclassification of certain existing recognized intangibles as goodwill, reassessment of the useful lives of existing recognized intangibles, and reclassification of certain intangibles out of previously reported goodwill.


More Definitions of SFAS 142

SFAS 142 means Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets". "SPC" - see SECTION 10.07(h).
Sample 1
SFAS 142 means the Statement of Financial Accounting Standards No. 142 (Goodwill and Other Intangible Assets), as issued by the Financial Accounting Standards Board in June, 2001, and applicable to all fiscal years beginning after December 15, 2001.
Sample 1

Related to SFAS 142

  • SFAS 140 means Statement of Financial Accounting Standards No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities.

  • FASB means the Financial Accounting Standards Board.

  • 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;

  • Treasury Regulations means regulations, including proposed or temporary regulations, promulgated under the Code. References herein to specific provisions of proposed or temporary regulations shall include analogous provisions of final Treasury Regulations or other successor Treasury Regulations.

  • FAS means Free alongside shipment

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • Tax Regulations means the regulations passed under the Tax Act, as amended from time to time. “Transfer Agent” means TSX Trust Company, the transfer agent and registrar for the Units.

  • IRC means the Internal Revenue Code of 1986, as amended.

  • U.S. Treasury Regulations means the Treasury regulations of the Code. Reference to a specific Treasury Regulation or Section of the Code shall include such Treasury Regulation or Section, any valid regulation promulgated under such Section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such Section or regulation.

  • Act of 2003 means the Protection of Employees (Fixed-Term Work) Act 2003;

  • Code Section 409A means section 409A of the Internal Revenue Code and the regulations thereunder.

  • 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);

  • Treasury Regulation means the United States Treasury regulations promulgated under the Code.

  • Operating Standards shall have the meaning given such term in Section 2.1.

  • Act of 2004 means the Public Service Management (Recruitment and Appointments) Act 2004;

  • Act of 2007 means the Water Services Act 2007;

  • Exempt in reference to a case means a case designated as involving exceptional circumstances under CRC 3.714.

  • Act of 2001 means the Local Government Act 2001;

  • 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.

  • the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.

  • Act of 2002 means the Communications Regulation Act 2002 (No. 20 of 2002);

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

  • Act of 2005 means theSocial Welfare Consolidation Act 2005;

  • Simulated Depletion means, with respect to each oil and gas property, a depletion allowance computed in accordance with federal income tax principles (as if the Simulated Basis of the property were its adjusted tax basis) and in the manner specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(k)(2). For purposes of computing Simulated Depletion with respect to any property, the Simulated Basis of such property shall be deemed to be the Carrying Value of such property, and in no event shall such allowance, in the aggregate, exceed such Simulated Basis.

  • Act of 2000 means the Planning and Development Act 2000;