SABS


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Related to SABS: SAATCA

SABS

Abbreviation for:
Safety Alert Broadcast System, see there
References in periodicals archive ?
In SAB 101 language, there must be "persuasive evidence of an arrangement" between the seller and buyer.
SAB 101 states that delivery has occurred when title to the product, as well as the risks and rewards of ownership, has passed to the buyer.
Since SAB 101 requires both title and risk of loss to pass before a company can recognize revenue, a seller must carefully examine its government contracts to determine when these events take place.
There is much confusion surrounding SAB 101 and its guidance on the interpretation of acceptance clauses.
In some sections, SAB 101 discusses a "right of return." [26] While it is true that a typical acceptance clause will give the buyer the right to return nonconforming items, this is not the same right of return discussed in SAB 101.
SAB 101 does not reflect a dramatic departure from existing accounting practice.
SAB 101 requires companies to consider shipping terms and acceptance clauses in deciding when to recognize revenue.
(2.) These rules are summarized from the guidance found in SAB 101, Topic 13.A.1; and SFAC No.
(3.) SAB 101 devotes some discussion to the nature of the "arrangement" between the parties, defined as "the final understanding between the parties as to the specific nature and terms of the agreed-upon transaction." SAB 101, fn.
For the entire list, see SAB 101, Topic 13.A.3, question 3.
The biggest stock market effect of the leaked documents was to send SAB shares higher, and the next day SAB announced a share placement to pay for a Central American acquisition.
But merger talks took place between SAB and S&N earlier this year and S&N walked away believing there was no benefit for its shareholders.