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.
To fasten or secure with or as if with a cord, rope, or strap: tied the kite to a post; tie up a bundle. 2. To fasten by drawing together the parts or sides and knotting with strings or laces: tied her shoes. 3. a. To make by fastening ends or parts: tie a knot. b. To put a knot or bow in: tie a neck scarf.