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.
Railroad ties are the wood structure that lie below the rails and serve as an anchor. The tracks are attached to the rails along any given line. Railroad ties have a standardized size, once mandated by Boston and Main (B&M) railroad, and now accepted as a common practice. The standard length of a tie is 102 inches.