Accounting Conventions definition

Accounting Conventions means the accounting assumptions and ---------------------- methodologies of the Companies set forth on Exhibit A attached hereto. ---------
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Accounting Conventions shall have the meaning ascribed to such term in Section 2.04.
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Accounting Conventions has the meaning set forth in Section 6.17.
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Examples of Accounting Conventions in a sentence

  • Unit 1: INTRODUCTION TO FINANCIAL ACCOUNTING 08 HrsIntroduction – Meaning and Definition – Objectives of Accounting – Functions of Accounting – Users of Accounting Information – Limitations of Accounting – Accounting Principles – Accounting Concepts and Accounting Conventions.

  • These are legitimate costs of running a business, and are accepted under the Government Accounting Conventions for this reason.To take account of these factors a margin for sustainability and investment (MSI) is added to the costs reported in the consolidated financial statements to present a full economic cost.

  • Module 2: ACCOUNTING CONCEPTS, CONVENTIONS AND STANDARDS - I Accounting Concepts: Income Statement Concepts and Balance Sheet Concepts; Accounting Conventions.

  • Module 2:ACCOUNTING CONCEPTS, CONVENTIONS AND STANDARDS - I Accounting Concepts: Income Statement Concepts and Balance Sheet Concepts; Accounting Conventions.

  • Unit 1: THEORETICAL FRAMEWORK OF FINANCIAL ACCOUNTING 08 HrsIntroduction – Meaning and Definition – Significance of Accounting – Functions of Accounting– Users of Accounting Information - Accounting Principles – Accounting Concepts and Accounting Conventions- Accounting equations, Problems on Accounting Equations - Accounting Standards: List of Indian Accounting Standards.

  • Accounting Concepts - Business Entity, Money Measurement, Going Concern, Cost Periodicity, Matching and Realization, Accounting Conventions - Consistency, Full Disclosure, Conservatism and Materiality.

  • The parties agree that the Closing Balance Sheet shall be prepared in accordance with GAAP (as modified by the Accounting Conventions) and giving effect to the Accounting Conventions.

  • Basic Accounting principles, Accounting assumptions, Accounting concepts and Accounting Conventions, Accounting concept of Income and Economic concept of Income.

  • Accounting Conventions The financial statements of the Company have been prepared in accordance with the Indian Accounting Standards (‘Ind AS’) notified under section 133 of the Companies Act, 2013, read together with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 issued by the Ministry of Corporate Affairs.

  • Accounting Conventions A number of accounting conventions were adopted in order to standardize the information collected from different firms and to make consistent comparisons among different groups.


More Definitions of Accounting Conventions

Accounting Conventions means GAAP, as applied using the accounting rules and principles set forth in Exhibit A.
Sample 1
Accounting Conventions means the agreements, assumptions and conventions used in connection with preparing the Financial Statements and to be used in connection with preparing the Closing Balance Sheet, as set forth on Schedule 2.3.
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Accounting Conventions means the same accounting conventions, methods, principles, policies, practices, and procedures, with consistent classification, judgments, and estimation methodology, as were used by the Company in preparing, and in the form of, the Recent Balance Sheet. Notwithstanding the foregoing, for purposes of the Closing Statement, the amounts for the following line items shall be as follows: (a) Account 15180 - Accrued Burden: $461,000; (b) Account 15840 – Accrued Insurance: $741,089; (c) Account 15800 – Accrued 401(k) Match: $0; and (d) Account 15900 – Accrued Expenses Other: $105,000.
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Accounting Conventions means the agreements, assumptions and conventions used in connection with preparing the Financial Statements and to be used in connection with preparing the Closing Balance Sheet, as set forth on Schedule 2.3. ------------
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Accounting Conventions means the illustrative calculation and the accounting principles, procedures, practices, policies and calculations set forth on Section 11.1(a) of the Disclosure Letter.
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Related to Accounting Conventions

  • 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.

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

  • Accounting system means the Contractor's system or systems for accounting methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data for reporting in compliance with applicable laws, regulations, and management decisions, and may include subsystems for specific areas such as indirect and other direct costs, compensation, billing, labor, and general information technology.

  • STCW Convention means the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, 1978;

  • 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.

  • 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.

  • 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).

  • 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.

  • FRN Convention or “Eurodollar Convention” means that each such date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the Final Terms after the calendar month in which the preceding such date occurred, provided that:

  • 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.

  • Montreal Convention means the Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Montreal, May 28, 1999.

  • Geneva Convention means the Convention of 28 July 1951 relating to the status of refugees, as amended by the New York Protocol of 31 January 1967;

  • IFRS means International Financial Reporting Standards as issued by the International Accounting Standards Board.

  • 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).

  • ICSID Convention means the Convention on the Settlement of Investment Disputes between States and Nationals of other States, done at Washington, March 18, 1965;

  • Paris Convention means the Paris Convention for the Protection of Industrial Property of March 20, 1883, as last revised;

  • 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.

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

  • Hague Convention means the Convention on the Service Abroad of Judicial and Extra Judicial Documents in Civil or Commercial Matters done at the Hague on 15 November 1965;

  • Warsaw Convention means the Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, October 12, 1929, as amended, but not including the Montreal Convention as defined above.

  • Accounting Procedure means the principles and procedures of accounting set out in Appendix C.

  • Accounting Information means (a) the annual audited consolidated financial statements of the Group and (b) the quarterly unaudited consolidated financial statements of the Group, each as provided or (as the context may require) to be provided to the Bank in accordance with clause 5.1.4;

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

  • Accounting Policies means the accounting policies and procedures set out in Part C of Schedule 4 (Accounting Policies);

  • Accounting Standard means GAAP.

  • the Convention means the Convention on International Civil Aviation opened for signature at Chicago on 7 December 1944, and includes: (i) any amendment that has entered into force under Article 94(a) of the Convention and has been ratified by all the Contracting Parties to this Agreement, and (ii) any Annex or any amendment thereto adopted under Article 90 of the Convention, insofar as such Annexes or amendments are, at any given time, effective for all the Contracting Parties to this Agreement;