Accounting Basis definition

Accounting Basis means the accrual basis method of accounting.
View Source
Accounting Basis means the International Financial Reporting Standards in effect from time to time established by the International Accounting Standards Board, consistently applied.
View Source
Accounting Basis means the body of accounting principles that determine when transactions or events should be recognised for financial reporting purposes and include
View Source

Examples of Accounting Basis in a sentence

  • All accounting terms not specifically defined herein with respect to Affiliated Insurers or with respect to the business of insurance shall be construed on a Statutory Accounting Basis (unless otherwise herein specified).

  • The Accounting Basis Point Fee will be calculated by multiplying the average monthly net assets of each Fund by the basis point fees shown in the table below.

  • All financial statements delivered to Lender pursuant to this Section 4.1.6 shall be prepared in accordance with the Acceptable Accounting Basis and consistently applied and, if applicable, the requirements of Regulation AB.

  • The Contractor shall maintain in English in U.S.$ and on a Cash Accounting Basis books and accounts for Petroleum Operations.

  • BACKGROUND: THE CORPORATION RLI is a holding company which, through its subsidiaries, is engaged in the Business, is possessed of the Accounting Year and reports its income and expense on the Accounting Basis.

  • Borrower shall keep and maintain, or shall cause to be kept and maintained, in accordance with the Acceptable Accounting Basis and, if applicable, the requirements of Regulation AB, proper and accurate books, records and accounts reflecting all of the financial affairs of Borrower and all items of income and expense in connection with the operation of the Property.

  • The Closing Balance Sheet (the "CLOSING BALANCE SHEET") shall (x) fairly present the pro forma combined financial position of the RJRI Group as at the close of business on the Closing Date in accordance with the Special Purpose Accounting Basis and assumptions, adjustments and accounting policies and practices otherwise consistent with those used in preparing the Pro Forma Balance Sheet (as defined in Section 3.08) and (y) include line items consistent with those in the Pro Forma Balance Sheet.

  • The Accounting Basis Point Fee will be calculated by multiplying the average monthly net assets of the Fund by the basis point fees shown in the table below.

  • See Note 23 of the Notes to Consolidated Financial Statements included in this report for (i) a description of our segments, (ii) reconciliations of segment totals to consolidated financial statement amounts, (iii) methodologies used to allocate revenues and expenses to each segment, and (iv) further discussion of the differences in our Segment Accounting Basis and GAAP.

  • Accepted Accounting Basis The manner and method of accounting prescribed by generally accepted accounting principles consistently applied.

Related to Accounting Basis

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

  • Accounting Date means the thirtieth day of June in each year and any interim date on which the financial statements of the Trust are drawn up. Provided that the Management Company may, with the written consent of the Trustee and after obtaining approval from the Commission and the Commissioner of Income Tax may change such date to any other date and such change shall be intimated to the Commission.

  • 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.

  • Accounting Methodology means GAAP, and to the extent consistent with GAAP, the accounting principles, methods and practices utilized in preparing the Financial Statements, applied on a consistent basis.

  • 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.