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.
Two patterned neckties. A necktie, or simply tie, is a long piece of cloth worn for decorative purposes around the neck, resting under the shirt collar and knotted at the throat. Variants include the ascot tie, bow tie, bolo tie, zipper tie, cravat and clip-on tie. The modern necktie, ascot, and bow tie are descended from the cravat. Neck ties are generally unsized, but may be available in a longer size.