Common use of Accounting and Financial Records Clause in Contracts

Accounting and Financial Records. Business Manager shall establish and administer accounting procedures, controls, and systems for the development, preparation, and safekeeping of administrative or financial records and books of account relating to the business and financial affairs of PC and the provision of Dental Services all of which shall be prepared and maintained in accordance with GAAP and applicable laws and regulations. Business Manager shall prepare and deliver to PC, within one hundred twenty (120) days of the end of each calendar year, a balance sheet and a profit and loss statement reflecting the financial status of PC in regard to the provision of Dental Services as of the end of such calendar year, all of which shall be prepared in accordance with GAAP consistently applied. In addition, Business Manager shall prepare or assist in the preparation of any other financial statements or records as PC may reasonably request.

Accounting and Financial Records. Business Manager shall -------------------------------- establish and administer accounting procedures, controls, and systems for the development, preparation, and safekeeping of administrative or financial records and books of account relating to the business and financial affairs of PC and the provision of Dental Services all of which shall be prepared and maintained in accordance with GAAP and applicable laws and regulations. Business Manager shall prepare and deliver to PC, within one hundred twenty (120) days of the end of each calendar year, a balance sheet and a profit and loss statement reflecting the financial status of PC in regard to the provision of Dental Services as of the end of such calendar year, all of which shall be prepared in accordance with GAAP consistently applied. In addition, Business Manager shall prepare or assist in the preparation of any other financial statements or records as PC may reasonably request.