Accounting Format Sample Clauses

Accounting Format. Applications for Payment shall be broken down by CSI Category and, in certain situations, by CSI Description and capital asset category, as set forth in the form for Application for Payment. The purpose is to provide appropriate backup documents for the Contractor’s Final Certification of Costs in conformance with GASB 34 accounting standards. See Section 7 – Forms, “Application for Payment” and Final Certification of Costs.
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Accounting Format. Cost breakdowns for Change Orders shall comply with the General Requirements.
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Accounting Format. Applications for Payment (sometimes referred to as "Periodical Estimates") shall comply with the General Conditions.
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Accounting Format. A detailed record of activity and current status will be included in each monthly application for payment. The accounting format must be acceptable to the Owner and shall include for each Trade Contract line item such items as are given in the original Guaranteed Maximum Price estimate, authorized changes by Guaranteed Maximum Price Change Order, actual Contract Amount awarded, funds expended to date, and funds anticipated to be expended. The exact nature of this format will be developed by the Construction Manager and the Professional. The General Conditions line-item, as well as the CM Staff Costs line-item, shall be handled as Reimbursable, not-to-exceed amounts. All backup/substantiation of costs shall be included in each monthly Application for Payment.
Sample 1
Accounting Format. All moneys paid to Grantee under the terms of this Agreement and any interest earned by Xxxxxxx thereon must be deposited in a separate account upon the books and records of Grantee. Grantee must keep all records in a manner that is consistent with generally accepted accounting principles. The documentation in support of each action in the accounting records shall be filed in such a manner that it can be made readily available. All disbursements from the account established pursuant to this Section 8(c) shall be for obligations incurred in the performance of this Agreement after the Project Starting Date, and shall be supported by contracts, invoices, vouchers, and other data, as appropriate, evidencing such disbursements. Grantor will review and consider accepting federal audits in lieu of requiring a state audit where applicable.
Sample 1

Related to Accounting Format

  • Accounting System Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

  • Accounting Methods Implement or adopt any material change in its accounting principles, practices or methods, other than as may be required by GAAP or any Governmental Entity.

  • Accounting Policies There has been no material change in accounting policies or practices of the Corporation or its Subsidiaries since December 31, 2019;

  • Accounting and Financial Reporting 6.1. The Bank shall maintain separate records and ledger accounts in respect of the Contributions deposited in the Trust Fund account and disbursements made therefrom.

  • Accounting Treatment For accounting purposes, the Merger is intended to be treated as a "purchase."

  • Accounting System Requirement The Contractor shall maintain an adequate system of accounting and internal controls that meets Generally Accepted Accounting Principles or “GAAP.”

  • Accounting Matters Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with IFRS.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Accounting Unless otherwise specified herein, for the purpose of any definition or calculation, whenever amounts are required to be netted, subtracted or added or any distributions are taken into account such definition or calculation and any related definitions or calculations shall be determined without duplication of such functions.

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