Accounting Cycle definition

Accounting Cycle means the applicable accounting period of each of TCCC and CCE (based on accounting policies in effect as of the date hereof) set forth in Section 1.1(a) of the CCE Disclosure Letter.
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Accounting Cycle means a four­week cycle determined by the employer;
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Accounting Cycle means the monthly closing date of the Servicer as provided in Schedule B attached hereto.
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Examples of Accounting Cycle in a sentence

  • UNIT-I: ACCOUNTING PROCESS:Financial Accounting: Introduction – Definition – Evolution – Functions-Advantages and Limitations – Users of Accounting Information- Branches of Accounting – Accounting Principles: Concepts and Conventions- Accounting Standards– Meaning – Importance – List of Accounting Standards issued by ASB -– Accounting System- Types of Accounts – Accounting Cycle- Journal- Ledger and Trial Balance.

  • Concepts of Asset, Cost, Expense, and Loss; Classification of Costs; Cost Centre and Cost Unit; Cost Object; Cost Accounting Cycle; Factory Cost Flow; Statement of Cost of Goods Manufactured and Sold; Income Statement.

  • Basic concept Contents Introduction 3 First Transaction (Accounting Equation) 3 Purchase Vehicle for Cash (Debit & Credit) 4 Purchasing Pizza Ingredients (Voucher) 6 Selling Pizza (Profit & Loss Accounts) 9 Chart of Accounts 12 Financial Statements – Balance Sheet, Income Statement, and Cash Flow Statement 13 Accounting Cycle 14 Summary 16 2.

  • On February 26, 2019, Pasha incorporated a wholly-owned subsidiary, 1198937 B.C. Ltd.

  • Accounting Cycle: USER's accounting cycle begins on the Service commencement date and unless adjusted, this day of the month becomes the "Billing Day".

  • P&I Determination Date/All-in Reporting: The date by which the Servicer is required to report a loan level record for each loan in its portfolio, and the date that Freddie Mac will calculate the draft of the actual principal that has been collected and successfully reported for the current Accounting Cycle.

  • Answer: a) T b) F c) T d) T e) F Learning Objective: 02-04Topic Area: The Accounting Cycle Topic Area: The Closing Process AACSB: Reflective Thinking AICPA: BB Critical Thinking AICPA: FN Measurement Blooms: UnderstandLevel of Difficulty: 2 Medium Feedback:a) This is true.

  • The purchase of Shares pursuant to the KO Call Right shall be consummated (the “KO Call Closing Date”) on the last day of the applicable monthly accounting period of TCCC (the “Accounting Cycle End Date”), which Accounting Cycle End Date shall be no earlier than 10 days after the date on which the KOP Fair Market Value is finally determined in accordance with this Agreement.

  • The course begins with a quick review of the Accounting Cycle and the financial statements for a Sole Proprietorship.

  • The Accounting Cycle is a process that involves the analysis of a company’s economic events, the measure- ment and recording of the effects in the accounting system, and the reporting of the aggregate effects in financial statements.

Related to Accounting Cycle

  • 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.

  • Accounting Event means the receipt by the Issuer of an opinion of an Authorized Public Accountant in Finland (reputable and experienced in such matters) to the effect that, as a result of a change in the applicable accounting standards or interpretation thereof, the equity treatment of the Capital Notes as “equity” in full in the Issuer’s consolidated financial statements has or will cease.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • 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.

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Fiscal Year End means December 31 of each calendar year.

  • Accounting Restatement Date means the earlier to occur of (a) the date that the Board, a committee of the Board authorized to take such action, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare an Accounting Restatement, or (b) the date that a court, regulator or other legally authorized body directs the Company to prepare an Accounting Restatement.

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

  • Accounting Reference Date means 31 December of each year.

  • Accounting Period means a period ending on and including an accounting date and commencing (in case of the first such period) on the date on which the Trust Property is first paid or transferred to the Trustee and (in any other case) from the next day of the preceding accounting period.

  • Accounting Restatement means an accounting restatement due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements (a “Big R” restatement), or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period (a “little r” restatement).

  • 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 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;

  • Counting room means a suitable and convenient private place or room,

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Current Fiscal Year means the fiscal year for which a particular calculation is made.

  • Financial Statement Date means December 31, 1999.

  • Accounting Restatement Determination Date means the earliest to occur of: (a) the date the Board, a committee of the Board, or one or more of the officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare an Accounting Restatement; and (b) the date a court, regulator, or other legally authorized body directs the Company to prepare an Accounting Restatement.

  • Accounting Policies means those specific accounting policies set out in Schedule 2.6(1).

  • Most Recent Fiscal Year End has the meaning set forth in Section 4.7 below.

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • School fiscal year means a fiscal year that commences July 1 and continues through June 30.

  • audited when used in regard to financial statements shall mean an examination of the financial statements by a firm of independent certified public accountants in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.

  • Counting center means one or more locations selected by the election officer in

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

  • Fiscal Quarter means a fiscal quarter of any Fiscal Year.