Accounting Standards definition

Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

Accounting Standards means generally accepted accounting principles in the United States.

Accounting Standards means generally accepted accounting principles in the United States or PRC, as applicable, applied on a consistent basis.

Examples of Accounting Standards in a sentence

• Seller adequately reserves against its Tax Liabilities in accordance with Accounting Standards.

• With respect to any Pension Plan, the “accumulated benefit obligation” of Controlled Group members with respect to the Pension Plan (as determined in accordance with Statement of Accounting Standards No. 87, “Employers’ Accounting for Pensions”) does not exceed the fair market value of Pension Plan assets.

• The Company shall use the accrual method of accounting in accordance with accounting principles generally accepted in the United States and by the American Institute of Certified Public Accountants Audit and expects to qualify for and prepare its financial statements using the specialized accounting principles as set forth by the Accounting Standards Codification Topic 946, Financial Services—Investment Companies (“ASC Topic 946”).

• Xxxxx’s audited consolidated balance sheet as of December 31, 2023, and the related audited consolidated income statement for the year then ended, together with the notes thereto, have been provided by Buyer to Seller, have been prepared in accordance with the Accounting Standards and fairly present, in all material respects, the consolidated financial position and the consolidated results of operations and cash flows of Buyer as of the date and for the periods indicated.

• Except as set forth on Section 5.13 of the Disclosure Schedule, the Allowance shown on Seller’s Call Report as of June 30, 2024, has been calculated consistent with the policies of Seller and the requirements of applicable Accounting Standards to provide for expected credit losses.

More Definitions of Accounting Standards

Accounting Standards with respect to a Party means that such Party shall maintain records and books of accounts in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.

Accounting Standards means, with respect to a Person, generally accepted accounting principles as practiced in the United States or applicable international standards followed by such Person.

Accounting Standards means, with respect to a Party or its Affiliates or its or their (sub)licensees/Sublicensees, United States generally accepted accounting principles or International Financial Reporting Standards as issued by the International Accounting Standards Board, as applicable, in each case consistently applied.

Accounting Standards means, with respect to a Party or its Affiliates, U.S. generally accepted accounting principles (“GAAP”) or International Financial Reporting Standards (“IFRS”), as such Party or its Affiliates uses for its financial reporting obligations, in each case.

Accounting Standards means, with respect to AcelRx, US GAAP (United States generally accepted accounting principles as in effect from time to time), and with respect to Grünenthal, the IFRS (International Financial Reporting Standards as in effect from time to time), in each case, as consistently applied throughout the period involved. Each Party shall promptly notify the other in the event that it changes the Accounting Standards pursuant to which its records are maintained, it being understood that each Party may only use internationally recognized accounting principles (e.g. IFRS, US GAAP, etc.).

Accounting Standards means (a) U.S. generally accepted accounting principles or (b) international financial reporting standards; in either case, consistently applied throughout the organization of a Party (or a Related Party, as applicable).

Accounting Standards means the International Financial Reporting Standards, the US Generally Accepted Accounting Principles, and any other internationally recognized accounting standards that may be adopted by a Party.