Recording of Costs. For the purposes of this Chapter, all costs shall be recorded and maintained in accordance with the generally accepted accounting principles applicable in the Party in which the goods are produced.
Recording of Costs. All Development Costs pursuant to this Section 4.4 shall be recorded and reported consistent with Exhibit D. Each Party shall keep records associated with Development Costs incurred through performance of an Independent Additional Study Development Plan strictly separate from records associated with Development Costs incurred through performance of the applicable Joint Development Program.
Recording of Costs. 3.1.1 Both forces will maintain a discrete cost centre coding structure within their respective ledgers.
3.1.2 The hierarchy and definitions of individual cost centres will be identical in both forces.
3.1.3 The agreed structure and cost centre names are as laid out in Schedule A. Changes to the agreed structure must be approved by the JSC prior to implementation in either force.
3.1.4 Only approved categories of expenditure will be coded to the shared service in either force. The approved expenditure types and the corresponding analysis codes are as laid out in Schedule B. Amendments to Schedule B must be approved by the JSC prior to implementation in either force.
3.1.5 Wherever possible, the same coding (by description) should be used to capture approved costs in both forces.
3.1.6 As per the financial regulations referred to at the start of this document, all costs will be recorded on an accruals basis.
