FAR Section: Converged revenue recognition standards not to be tested until January 1, 2018. The AICPA Board of Examiners has decided that IFRS 15, Revenue from Contracts with Customers, will not be tested in the FAR section of the CPA Exam until January 1, 2018.
noun. 1  The definition of a tie is something that connects or bonds two or more people or things together. An example of a tie is two people being blood-related. 2  Tie is defined as a long narrow finished piece of fabric worn around the neck and under the collar of a button-down shirt.
The tie rod is a part of the steering mechanism in a vehicle. A tie rod consists of an inner and outer end. The tie rod transmits force from the steering center link or rack gear to the steering knuckle. This will cause the wheel to turn. The outer tie rod end connects with an adjusting sleeve, which allows the length of the tie rod to be adjustable. This adjustment is used to set a vehicleâs alignment angle. Tie rod ends should be regularly inspected with each oil change service, by a qualified technician.