Accounting Management Sample Clauses

Accounting Management. Accounting management can include these elements: - Contract management - Purchase control - Invoice control - Logistics, store management - Cost analysis - Pricing strategies against the customer - Analysis of cost-effectiveness for given systems - Cost-effectiveness in relation to alternative systems Contract- and purchase control is a profession in itself with normal routines. Invoice control often demands considerable ICT expertise and labor resources, partly because purchases are so specialized and partly because there often is no direct connection between order information, delivery and invoice. Hence professional technical examinations and possibly also internal measuring results may be needed in addition. An example is invoices, where subscription and rental follow different periods on the same invoice. Logistics is a question about access to software, spare parts and additional parts of a complicated nature, with comparatively frequent replacements of versions. It is therefore necessary with close contact with respect to configuration management, and to the existence of an exact register. Cost analysis demands robust technical and engineering know-how of the systems, and will also often be a basis for a suitable pricing strategy against the customer’s own end-users. In up-to- date business organizations one often demands that cost shall be debited internally to the unit which caused it, and this leads to cost based internal prices for ICT services. Cost-effectiveness of the systems is demanded when a continuous development occur in the business. The customer frequently gets ideas from external sources about «cheaper» methods to get his ICT services directly, so the ICT department must always monitor the cost-effectiveness of the offered internal systems and always consider the possibilities of buying better concepts or services from alternative external providers. Individual users should also always be informed of all cost elements in any acquisition, and they should be asked for advice whether the present services meet their needs. A systematic agreement of delivery should contain a specification of: - Responsible supplier authorities for the different current relationships - Contract documentation and –administration - Prices for subscription and use, inclusive of discounts, etc. - Invoice details, collection, terms of payment - Compensations, price reduction - Invoice information, specification of use/ delivery - Method for complaints, claims .
Sample 1
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Accounting Management. Licensee shall manage all accounting and financial reporting functions of the Farm.
Sample 1
Accounting Management. The Accounting Management and the one that provides and administers: (i) the Accounting Entries (ii) Accounting reconciliations; and (iii) the Accounting Control of Assets of all the Corporations.
Sample 1

Related to Accounting Management

  • Accounting Services The Manager will provide all accounting services customarily required by investment companies, in accordance with the requirements of applicable laws, rules and regulations and with the policies and practices of each Series as communicated to the Manager from time to time, including, but not limited to, the following:

  • Accounting Matters Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with IFRS.

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser.

  • Accounting System Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

  • Accounting and Fiscal Year Subject to Section 448 of the Code, the books of the Company shall be kept on such method of accounting for tax and financial reporting purposes as may be determined by the Management Committee. The Fiscal Year of the Company shall be the calendar year.

  • 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.

  • Accounting Standards The Subrecipient agrees to comply with 2 CFR 200 and agrees to adhere to the accounting principles and procedures required therein, utilize adequate internal controls, and maintain necessary source documentation for all costs incurred.

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