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 an essential part of the steering system in a vehicle. It connects or âtiesâ the steering gear or rack and pinion gear to the wheel using a length of rod with a ball socket on one end. This ball socket allows for controlled movement as the wheel turns or moves up and down with the surface of the road.