Cash and Cash Equivalents. Xxxx is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are investments that mature in three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the Cash Flow Statement, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Council’s cash management.
Appears in 4 contracts
Samples: Accounting Policies Agreement, Agreement of Accounting Policies, Accounting Policies Agreement
Cash and Cash Equivalents. Xxxx is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are investments that mature in three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the Cash Flow Statement, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Councilcouncil’s cash management.
Appears in 4 contracts
Samples: Accounting Policies Agreement, Accounting Policies Agreement, Accounting Policies Agreement
