Acceptable Accounting Standards definition

Acceptable Accounting Standards means GAAP or other sound and accepted accounting standards approved by the Agency in writing, applied on a basis consistent with that of previous statements and which completely and accurately disclose the financial condition (including all contingent liabilities) of the party at issue. Act shall mean, collectively, the Enabling Act and the Agency Act. Additional Improvements shall mean any buildings, structures, foundations, related facilities, fixtures, and other improvements (including the Project Phase IV Improvements) constructed, erected, placed and/or installed on, under and/or above the Land, when such improvements are not part of the Project Work and are assessed by NYCDOF after the first assessment following the Project Completion Date, including but not be limited to all, additions, extensions and enlargements to the Existing Improvements, such as additional improvements that require a discretionary zoning approval from the City, but excluding (i) replacements and/or restorations of the Facility in connection with a Loss Event and (ii) any fit-out or other work within the Existing Improvements or Project Improvements that is not a Non-Qualified Use. Additional Improvements PILOT shall have the meaning set forth in Section 5.1(f). Additional Rent shall have the meaning set forth in Section 4.3(b). Affiliate means, with respect to a given Person, any other Person that directly or indirectly through one or more intermediaries Controls, is Controlled by, or is under common Control with such given Person. Agency shall mean the New York City Industrial Development Agency, a corporate governmental agency constituting a body corporate and politic and a public benefit corporation of the State, duly organized and existing under the laws of the State, and any body, board, authority, agency or other governmental agency or instrumentality which shall hereafter succeed to the powers, duties, obligations and functions thereof. Agency Act shall mean Chapter 1082 of the 1974 Laws of New York, as amended.
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Acceptable Accounting Standards means, at any time, accounting principles generally accepted in Canada as recommended in the CPA Canada Handbook - Accounting at the relevant time applied on a consistent basis (except for changes made with the prior written consent of the AESO and approved by the Eligible Entity’s independent auditors in accordance with promulgations of the Chartered Professional Accountants Canada), and includes the International Financial Reporting Standards;
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Acceptable Accounting Standards means International Financial Reporting Standards as issued by the International Accounting Standards Board.
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Examples of Acceptable Accounting Standards in a sentence

  • As used in this Agreement, the following terms shall have the respective meanings indicated below: Acceptable Accounting Standards: GAAP or other sound and accepted accounting standards approved by Lender in writing, applied on a basis consistent with that of previous statements and which completely and accurately disclose the financial condition (including all contingent liabilities) of the party at issue.

  • As used in this Agreement, the following terms shall have the respective meanings indicated below: Acceptable Accounting Standards: GAAP or other sound and accepted accounting standards approved by Lender in writing, applied on a basis consistent with that of previous statements and which materially and accurately disclose the financial condition (including all contingent liabilities) of the party at issue.

  • Xxxxx Senior Vice President List of Attachments: Exhibit A – Legal Description Acceptable Accounting Standards: GAAP Acceptance Termination Date: September 21, 2005.

  • As used in this Agreement, the following terms shall have the respective meanings indicated below: Acceptable Accounting Standards: GAAP or sound accounting principles consistently applied or federal income tax accounting principles consistently applied, as indicated in the Schedule of Definitions.

  • As used in this Agreement, the following terms shall have the respective meanings indicated below: Acceptable Accounting Standards: GAAP or other sound and accepted accounting standards approved by Lender in writing, applied on a basis consistent with that of previous statements and which completely and accurately disclose the financial condition (including all contingent liabilities required to be disclosed in accordance with GAAP) of the party at issue.

  • As used in this Agreement, the following terms shall have the respective meanings indicated below: Acceptable Accounting Standards: GAAP or other sound and accepted accounting standards approved by Lxxxxx in writing, applied on a basis consistent with that of previously approved statements and which completely and accurately disclose the financial condition (including all contingent liabilities) of the party at issue.

  • A quarterly unaudited statements of profit and loss and balance sheets prepared in accordance with US Acceptable Accounting Standards & Principals must be submitted to IMOT for review and reporting to public and in accordance with a format to be delivered to the JV Company from IMOT.

  • Each financial statement of Borrower will be prepared in conformity with Acceptable Accounting Standards and completely and accurately disclose the financial condition of such applicable entity (including all contingent liabilities required to be disclosed in accordance with GAAP) as of the date hereof and for the period covered thereby.

  • While there is broad alignment on some aspects between the rules for the two Pillars, for example in the specification of Acceptable Accounting Standards in Pillar Two and Qualifying Financial Accounting Standards in this draft, in other respects the drafting differs.


More Definitions of Acceptable Accounting Standards

Acceptable Accounting Standards means GAAP or other sound and accepted accounting standards reasonably approved by Bank in writing, applied on a basis consistent with that of previous statements and which materially and accurately disclose the financial condition (including all contingent liabilities) of the party at issue.
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Acceptable Accounting Standards means, at any time, accounting principles generally accepted in Canada as recommended in the CPA Canada Handbook - Accounting at the relevant time applied on a consistent basis (except for changes made with the prior written consent of the Lender and approved by the Borrower’s independent auditors in accordance with promulgations of the Chartered Professional Accountants Canada), and includes the International Financial Reporting Standards;
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Acceptable Accounting Standards means generally accepted accounting principles, applied on a consistent basis, as set forth in Opinions of the Accounting Principles Board of the American Institute of Certified Public Accountants or in statements of the Financial Accounting Standards Board or their respective successors and which are applicable in the circumstances as of the date in question, or other sound and accepted accounting standards approved by Lender in writing, applied on a basis consistent with that of previous statements and which completely and accurately disclose the financial condition (including all contingent liabilities) of the party at issue.
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Related to Acceptable Accounting Standards

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • Australian Accounting Standards means the accounting standards made by the Australian Accounting Standards Board in accordance with section 227 of the Australian Securities and Investments Commission Act 2001 (Cth).

  • Accounting Standard means GAAP.

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.

  • Practice of public accounting means the performance or the offering to perform, by a person holding oneself out to the public as a certified public accountant or a licensed public accountant, one or more kinds of professional services involving the use of accounting, attest, or auditing skills, including the issuance of reports on financial statements, or of one or more kinds of management advisory, financial advisory, or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters. However, with respect to licensed public accountants, the “practice of public accounting” shall not include attest or auditing services or the rendering of an opinion attesting to the reliability of any representation embracing financial information.

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • Underwriting Standards As to each Mortgage Loan, the Seller's underwriting guidelines in effect as of the date of origination of such Mortgage Loan.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Agreed Accounting Principles means GAAP; provided, however, that, with respect to any matter as to which there is more than one generally accepted accounting principle, Agreed Accounting Principles means the generally accepted accounting principles consistently applied in the preparation of the Latest Audited Company Balance Sheet; provided, further, that, for purposes of the Agreed Accounting Principles, no known adjustments for items or matters, regardless of the amount thereof, shall be deemed to be immaterial.

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4.

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.

  • Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles in the United States, consistently applied, which are in effect on the date of this Indenture.

  • standards of generally recognised accounting practice means an accounting practice complying with standards applicable to municipalities or municipal entities as determined by the Accounting Standards Board

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).

  • Certified public accountant means an individual who is either of the following:

  • Registered Public Accounting Firm has the meaning specified in the Securities Laws and shall be independent of the Borrower as prescribed by the Securities Laws.

  • public accountant means a person who is registered or deemed to be registered under the Accountants Act (Cap. 2) as a public accountant;

  • Accounting Manual means the latest version of the document titled “Accounting for Parents and Citizens Associations” that is published by the Department of Education as amended from time to time.

  • Independent Certified Public Accountant means a person duly registered in good standing and entitled to practice as a certified public accountant under the laws of the place of his residence or principal office and who is in fact independent. In determining whether an accountant is independent with respect to a particular person, appropriate consideration should be given to all relationships between the accountant and that person or any affiliate thereof. Determination of an accountant’s independence shall not be confined to the relationships existing in connection with the filing of reports with the awarding authority.

  • Servicing Standards As defined in Section 3.01(a).