Examples of Future Application in a sentence
Future Application of Accounting Standards Consolidation In February 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, which is intended to improve certain areas of consolidation guidance for legal entities such as limited partnerships, limited liability companies, and securitization structures.
Significant Accounting Policies Future Application of Accounting Standards Income Taxes In October 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-16, Income Taxes (Topic 740) - Intra-Entity Transfers of Assets Other Than Inventory, which removes the current prohibition against immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory.
Future Application of Accounting Standards Credit Losses on Financial Instruments In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.
Significant Accounting Policies Future Application of Accounting Standards LeasesIn February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-02, Leases (Topic 842).
In order to qualify as a Future Application under this section, the concepts brought by PGIC must be different than existing IGT products or products already under development by IGT.
See Future Application of Accounting Standards in Note 1 to the Consolidated Financial Statements.
Summary of Significant Accounting Policies (Continued) Future Application of Accounting Standards Accounting for The Impairment of Long-Lived Assets and for Long- Lived Assets to be Disposed Of In March 1995, the Financial Accounting Standards Board ("FASB") issued FAS No. 121, Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of. This statement requires write down to fair value when long-lived assets to be held and used are impaired.
In the event IGT determines in its sole discretion that any such PGIC proposed Future Application should be further developed, the Parties will enter into an additional agreement(s) to confer the license rights to PGIC necessary for PGIC to bring such Future Application to market on the platforms agreed to by both parties, which may include IGT SB platform and PGIC CEE platform.
Future Application of Accounting Standards Accounting for Transfers of Financial Assets In June 2009, the FASB issued an accounting standard addressing transfers of financial assets that removes the concept of a qualifying special-purpose entity (QSPE) from the FASB Accounting Standards Codification and removes the exception from applying the consolidation rules to QSPEs. The new standard is effective for interim and annual periods beginning on January 1, 2010 for AIG.
For the avoidance of doubt, until such time as the Parties have entered into an additional agreement related to the further development of a Future Application for use with Devices in the field, the intellectual property related to such Future Application shall remain the sole and exclusive property of PGIC and shall not be included in the Assigned Intellectual Property.