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 part of the steering mechanism in a vehicle. A tie rod is a slender structural rod that is used as a tie and capable of carrying tensile loads only. A tie rod consists of an inner and an outer end. The spokes on a bicycleâs wheels are tie rods.