Accounting Practices Adopted in Brazil definition

Accounting Practices Adopted in Brazil means the accounting practices established in the Brazilian Corporation Law and by the Technical Pronouncements, Guidances and Interpretations issued by the Accounting Pronouncements Board (CPC) and approved by the Accounting Federal Council (CFC) and the Brazilian Securities Commission (CVM).
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Accounting Practices Adopted in Brazil. Means generally accepted accounting principles in Brazil, based on the Brazilian Corporations Act, the Federal Accounting Council ("CFC") standards, the Accounting Pronouncements Committee ("CPC") pronunciations, and the Brazilian Securities and CVM regulation.
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Accounting Practices Adopted in Brazil means the Corporate Law Method together withthe industry specific guidelines (provided by the rules and regulations of the Conselho Monetário Nacional (the National Monetary Council), the Central Bank, the Comissão de Valores Mobiliários (the Brazilian Securities Commission) and other regulatory entities) that are also considered part of the accounting practices adopted in Brazil.
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Examples of Accounting Practices Adopted in Brazil in a sentence

  • The net debt/EBITDA is a performance indicator used by the Company, and it is not a measure according to the Accounting Practices Adopted in Brazil or according to IFRS.

  • Our audited consolidated financial statements were prepared in accordance with the Accounting Practices Adopted in Brazil, or BR GAAP and pursuant to the International Financial Reporting Standards, or IFRS, as issued by the International Accounting Standards Board, or IASB.

  • Gross Debt and Net Debt are not measures of financial performance, liquidity or indebtedness recognized by the Accounting Practices Adopted in Brazil or the International Financial Reporting Standards (IFRS), issued by the International Accounting Standard Board (IASB), do not present indebtedness as of the reported dates, and are not indicators of our financial condition, liquidity or ability to settle our debt.

  • This Adjusted EBITDA is not an accounting measurement recognized by the Accounting Practices Adopted in Brazil and the International Financial Reporting Standards (IFRS) and does not represent the cash flow for the years reported; therefore, it must not be considered as an alternative for net income/loss or as an indicator of the operating performance or liquidity.

  • See "Annex A—Summary of Differences Between Accounting Practices Adopted in Brazil and U.S. GAAP." Over the past three years we have engaged in credit assignments to other financial institutions, a domestic mutual fund established by us and special purpose companies established and owned by our affiliates.

  • Subject to the Accounting Practices Adopted in Brazil, Hermes Pardini does not have any debt, liability, obligation or liability, whether due or falling due, hidden, contingent, not settled or of any other nature, that is not duly provisioned in the Financial Statements of Hermes Pardini or will significantly impact the Financial Statements of Hermes Pardini.

  • The audited consolidated financial statements have been prepared in accordance with Accounting Practices Adopted in Brazil (BR GAAP) and the International Financing Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB) and are available on the websites of CVM (gov.br/cvm), B3 (www.b3.com.br) and the Company’s Investor Relations (ri.grupocarrefourbrasil.com.br), in “Informações Financeiras" (Financial Information) and “Central de Resultados” (Results Center).

  • Adjusted EBITDA is not a measure of financial performance under Accounting Practices Adopted in Brazil and IFRS, nor should it be considered in isolation, or as an alternative to net income, as a measure of operating performance, or an alternative to operating cash flows, or as a measure of liquidity.Adjusted EBITDA has no standardized meaning and the Company's definition of Adjusted EBITDA may not be comparable to that used by other companies.

  • Opinion on the individual financial statements In our opinion, the accompanying individual financial statements present fairly, in all material respects, the financial position of Gafisa S.A. as of December 31, 2016, and of its financial performance and its cash flows for the year then ended in accordance with Accounting Practices Adopted in Brazil.

  • The net debt/EBITDA is a performance indicator used by the Company, and it is not a measure according to the Accounting Practices Adopted in Brazil or according to IFRS.3 The cash net of bank overdrafts position is represented by the balances of cash and cash equivalent being deducted the balance of net cash of bank overdrafts.


More Definitions of Accounting Practices Adopted in Brazil

Accounting Practices Adopted in Brazil means the accounting practices emanating from Brazilian corporate law and the Technical Pronouncements, Guidelines and Interpretations issued by the Accounting Pronouncements Committee - CPC, and approved by the Federal Accounting Council and the Securities and Exchange Commission of the Federative Republic of Brazil, which are in accordance with the international accounting standards (International Financial Reporting Standards - IFRS) issued by the International Accounting Standards Board (IASB).
Sample 1
Accounting Practices Adopted in Brazil means the Corporate Law Method together with the industry specific guidelines (provided by the rules and regulations of the Conselho Monetario Nacional (the National Monetary Council), the Central Bank of Brazil, the Commissao de Valores Mobiliarios (the Brazilian Securities Commission) and other regulatory entities) that are also considered part of the accounting practices adopted in Brazil.
Sample 1

Related to Accounting Practices Adopted in Brazil

  • 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.

  • 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.

  • standards of generally recognised accounting practice means an accounting practice complying with standards applicable to municipalities or municipal entities as determined by the Accounting Standards Board

  • 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.

  • 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.

  • Practice of public accounting means the performance or the offering to perform, by a person holding oneself out to the public as a certified public accountant or a licensed public accountant, one or more kinds of professional services involving the use of accounting, attest, or auditing skills, including the issuance of reports on financial statements, or of one or more kinds of management advisory, financial advisory, or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters. However, with respect to licensed public accountants, the “practice of public accounting” shall not include attest or auditing services or the rendering of an opinion attesting to the reliability of any representation embracing financial information.

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

  • 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.

  • 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).

  • 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.

  • Accounting Manual means the latest version of the document titled “Accounting for Parents and Citizens Associations” that is published by the Department of Education as 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.

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

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

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

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • railway operational procedures means procedures specified under any access agreement (as defined in the Railways Act 1993) or station lease;

  • 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).

  • Automated Message Accounting (AMA) means the structure that is inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by iconectiv (formerly known as Telcordia) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • Generally accepted standards of medical practice means standards that are based upon: credible scientific evidence published in peer-reviewed medical literature and generally recognized by the relevant medical community; physician and health care provider specialty society recommendations; the views of physicians and health care providers practicing in relevant clinical areas and any other relevant factor as determined by statute(s) and/or regulation(s).

  • Independent Certified Public Accountant means a person duly registered in good standing and entitled to practice as a certified public accountant under the laws of the place of his residence or principal office and who is in fact independent. In determining whether an accountant is independent with respect to a particular person, appropriate consideration should be given to all relationships between the accountant and that person or any affiliate thereof. Determination of an accountant’s independence shall not be confined to the relationships existing in connection with the filing of reports with the awarding authority.

  • IFRS means International Financial Reporting Standards as issued 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 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.

  • Registered Public Accounting Firm has the meaning specified in the Securities Laws and shall be independent of the Borrower as prescribed by the Securities Laws.