Accounting and Financial. Process payroll including timesheet gathering, checking submission for approval and paycheques.
Accounting and Financial a. Officers of AEL will select and retain the independent auditors for Eagle. Engagement letters for such auditors shall be executed only by officers of Eagle.
b. Accounting entries and bookkeeping for Eagle will be made by employees of AEL, who will ensure that all books and records of Eagle are made available to Eagle.
c. Only officers of Eagle will have the ability to access the depository accounts of Eagle at banks or other financial institutions.
Accounting and Financial. DETERMINATIONS Unless otherwise specified, all accounting terms used herein or in any other Loan Document shall be interpreted, all accounting determinations and computations hereunder or thereunder shall be made, and all financial statements required to be delivered hereunder or thereunder shall be prepared in accordance with, generally accepted accounting principles in the U.S. ("U.S. GAAP").
Accounting and Financial. In the NOPR, we explained that Section 66.40 would set forth uniform standards for the accounting treatment of DWSL costs, including expenditures associated with installing DWSL Replacements. We proposed to require an entity to record DWSL Replacement costs in compli- ance with the NARUC uniform system of accounts appli- cable to the entity, in an intangible asset account. We also proposed to allow the deferral of certain income taxes that are not recovered through base rates or the DSIC for accounting purposes and the deferral of certain expenses that are not recovered through base rates. We noted that prudent and reasonable deferred income taxes would be amortized over a reasonable period of time with a return on an entity’s investment, whereas other expenses would be amortized over a reasonable period of time without a return on an entity’s investment, unless otherwise di- rected by the Commission. Further, we explained that, for purposes of calculating the return of and on an entity’s prudently incurred cost for LSLRs, the Commission would employ the equity return rate in 66 Pa.C.S. § 1357(b)(2)- (3), which appear to indicate the amortization rate for DWSLs should be the entity’s permitted equity return rate. See 66 Pa.C.S. § 1311(b)(2)(iii).
Accounting and Financial. DETERMINATIONS Unless otherwise specified, all accounting terms used herein or in any other Loan Document shall be interpreted, all accounting determinations and computations hereunder or thereunder shall be made, and all financial statements required to be delivered hereunder or thereunder shall be prepared in accordance with, generally accepted accounting principles in the U.S. ("U.S. GAAP"). Notwithstanding the foregoing, the parties hereto recognize that the financial statements of MMS referred to in SECTION 7.5 were prepared in accordance with generally accepted accounting principles in Venezuela ("VENEZUELAN GAAP"), and all accounting terms, determinations and computations relating to MMS at any time prior to the Effective Date shall be interpreted in accordance therewith.
Accounting and Financial. DETERMINATIONS Any accounting term used in this Agreement that is not specifically defined herein shall have the meaning customarily given to it under GAAP, and all accounting determinations and computations under any Loan Document shall be made, and all financial statements required to be delivered under any Loan Document shall be prepared, in accordance with GAAP applied in the preparation of the financial statements referred to in Section 6.5.
Accounting and Financial. 6.1 The Subsidy/Funding agreed by USF hereunder, is a onetime payment for the USF Special Project payable to the Contractor in terms of the Agreement and the Project Portfolio whereby the Contractor agrees to be responsible for the successful establishment, completion and operation of the Project in such a manner that all the sums required in addition to the Subsidy for the successful establishment, completion and operation of the Project shall be borne by the Contractor from its own resources without jeopardizing the purpose and timely completion of the Project.
Accounting and Financial. (a) An entity shall record LSLR costs in compliance with the National Association of Regulatory Utility Com- missioners uniform system of accounts applicable to the entity. LSLR costs recorded as assets shall be maintained under separate and distinct subaccounts.
(b) For subaccounting purposes, an entity may defer income taxes related to no cost and low-cost sources of funding for LSLRs, including applicable income taxes on contributions-in-aid-of-construction or below-market rate loans, or both, service line inventory, LSLR program development, LSLR plan, LSLR program report, and reimbursement expenses, to the extent that such costs are not recovered through the entity’s existing base rates or DSIC.
Accounting and Financial. (a) An entity shall record DWSL costs in compliance with the National Association of Regulatory Utility Com- missioners uniform system of accounts applicable to the entity. DWSL replacement costs recorded as assets shall be maintained under separate and distinct subaccounts.
(b) For subaccounting purposes an entity may defer income taxes related to no cost and low-cost sources of funding for DWSL replacements, including applicable income taxes on contributions-in-aid-of-construction or below-market rate loans, or both, DWSL program devel- opment, DWSL plan, DWSL program report, and xxxx- bursement expenses to the extent that such costs are not recovered through the entity’s existing base rates or DSIC.
Accounting and Financial. Determinations. Unless otherwise -------------- specified, all accounting terms used herein or in any other Loan Document shall be interpreted, all accounting determinations and computations hereunder or thereunder (including under Section 7.2.4) shall be made, and ------------- all financial statements required to be delivered hereunder or thereunder shall be prepared in accordance with, those generally accepted accounting principles ("GAAP") applied in the preparation ---- of the financial statements referred to in Section 6.5. -----------
