FAS 157 definition

FAS 157 means the Statement of the Financial Accounting Standards No. 157, promulgated by the Financial Accounting Standards Board.
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FAS 157 means the Statement of the Financial Accounting Standards No. 157, promulgated by the Financial Accounting Standards Board. “Fee Letter” shall mean that certain fee letter agreement entered into as of the Closing Date between Borrower and Agent.
Sample 1

Examples of FAS 157 in a sentence

  • FAS 157 is effective for fiscal years beginning after November 15, 2007.

  • FAS 157 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements.

  • FAS 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007.

  • FAS 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years.

  • The fair value follows the definition of ASC 820 (formerly FAS 157).

  • An EU point of contact in NATO CoEs could be valuable for developing greater levels of coordination and cooperation and shared understanding for both organisations.

  • The Fund is currently evaluating the impact of adopting FAS 157 on its financial statements.

  • Accordingly, FAS 157 does not require any new fair value measurements.

  • FAS 157 establishes a common definition for fair value under accounting principles generally accepted in the United States of America, establishes a framework for measuring fair value and expands disclosure requirements about such fair value measurements.

  • FAS 157 defines fair value, establishes a framework for measuring fair value under US GAAP, and requires expanded disclosures about fair value measurements.

Related to FAS 157

  • FAS means Free alongside shipment

  • FASB means the Financial Accounting Standards Board.

  • FASB ASC means the Accounting Standards Codification of 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;

  • ASC Topic 718 means the Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation – Stock Compensation, as amended or any successor accounting standard.

  • 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);

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

  • 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.

  • 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);

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • ASC means the Financial Accounting Standards Board Accounting Standards Codification, as in effect from time to time.

  • 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;

  • Financial Impairment means that a carrier is not insolvent and is:

  • SSAP means a sporting sanctions appeal panel to be appointed to determine an appeal against a deduction of points under Rule 13.

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

  • GAAP means generally accepted accounting principles as in effect from time to time in the United States of America.

  • SAP means the SAP entity that has entered into this Agreement, as well its Affiliates.

  • 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

  • U.S. GAAP means United States generally accepted accounting principles.

  • 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.

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

  • financial service means a service of a financial nature, including insurance, and a service incidental or auxiliary to a service of a financial nature;

  • Financials means the annual or quarterly financial statements, and accompanying certificates and other documents, of the Borrower and its Subsidiaries required to be delivered pursuant to Section 5.01(a) or 5.01(b).

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.