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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.
Accounting Cycle means a four­week cycle determined by the employer;
Accounting Cycle means the monthly closing date of the Servicer as provided in Schedule B attached hereto.

Examples of Accounting Cycle in a sentence

  • 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.

  • 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.

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

  • 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.

  • Syllabus: Unit-I – IntroductionNeed for Accounting – Definition – Objectives, – Accounting Concepts and Conventions – GAAP - Accounting Cycle - Classification of Accounts and its Rules – BookKeeping and Accounting - Double Entry Book-Keeping - Journalizing - Posting to Ledgers, Balancing of Ledger Accounts (including Problems).Unit-II: Subsidiary Books:Types of Subsidiary Books - Cash Book, FOUR-column Cash Book- Petty Cash Book (including Problems).

  • 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.

  • UNIT IV BASICS OF ACCOUNTING 9 hoursUses of Accounting - Book Keeping Vs Accounting - Double Entry System - Accounting Principles- Classification of Accounts - Rules Of Debit & Credit- Accounting Cycle: Journal, Ledger, Trial Balance.

  • Nature of Accounting Information: Scope of Accounting, Accounting concepts, Principles & Standards, Accounting Cycle, Journalisation, Subsidiary Books; Ledger Posting, Preparation of Trial Balance, Rectification of Error.

  • 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.

  • UNIT IV BASICS OF ACCOUNTING 9 hoursUses of Accounting - Book Keeping Vs Accounting - Double Entry System - Accounting Principles- Classification Of Accounts - Rules Of Debit & Credit- Accounting Cycle: Journal, Ledger, Trial Balance.

Related to Accounting Cycle

  • Accounting Date means, with respect to any Collection Period the last day of such Collection Period.

  • 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 that the Company is required to prepare 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, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period.

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

  • Most Recent Fiscal Year End has the meaning set forth in Section 4(g) 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.