Accounting Principals definition
Examples of Accounting Principals in a sentence
The books and records, documents and other papers relating to the financial condition of the Project, shall at all times be maintained in accordance with Generally Accepted Accounting Principals which can be subjected to an audit performed in accordance with Generally Accepted Auditing Standards and shall be subject to examination and inspection at any reasonable time by the Secretary or his duly authorized agents.
All accounting terms used herein which are not expressly defined in this Agreement have the meanings respectively given to them in accordance with Agreement Accounting Principals.
Except as otherwise specifically provided herein, (i) all computations made pursuant to this Agreement shall be made in accordance with Agreement Accounting Principals, and (ii) all financial statements shall be prepared in accordance with Agreement Accounting Principals.
Such financial statements have been prepared in conformity with Generally Accepted Accounting Principals ("GAAP") consistently applied and, to the knowledge of the Shareholders and the Company, present fairly the financial position and results of operations of the Company and its consolidated Subsidiaries as of and for the respective periods then ended.
At any date, Borrower’s total assets, adjusted to add back the accumulated depreciation of its real estate assets, less its Intangible Assets, less its Total Liabilities, all as determined in accordance with Generally Accepted Accounting Principals as determined as of such date.
The audited financial statements of the Fund as of and for the years ended December 31, 2007, 2008 and 2009 are accurate and complete in all material respects and fairly present the financial position of the Fund as of the dates thereof and the result of its operations and cash flows for the period then ended in conformity with United States Generally Accepted Accounting Principals (“GAAP”).
No tax liens have been filed and no claims are being asserted with respect to any such material taxes, except such taxes, if any, as are not yet due and payable or are being contested in good faith and as to which adequate reserves have been provided in accordance with Agreement Accounting Principals.
On or before the date of Closing hereunder, Eminent Promise shall have delivered to China Transportation audited financial statements for its operating affiliate, Yiyang Group, for the fiscal years ended December 31, 2009 and December 31, 2008, audited in accordance with US Generally Accepted Accounting Principals (“GAAP”).
As at the date of this Agreement, INVT did not have any material direct or indirect indebtedness or liabilities accrued, absolute, or contingent (and likely of occurring) or otherwise, whether or not of a kind required by United States Generally Accepted Accounting Principals to be set forth, accrued, reserved for or reflected in a financial statement ("INVT Liabilities"), except INVT Liabilities incurred in the ordinary course of business or in connection with this Agreement.
Required skills include excellent written and oral communication, financial management, personnel management, mathematics, General Accepted Accounting Principals, and fiscal management.