Agreed Accounting Policies definition

Agreed Accounting Policies is defined in Section 1.4(a).

Agreed Accounting Policies means the accounting principles, policies, methods, practices, categories, estimates, judgments and assumptions (a) in compliance with GAAP, (b) to the extent consistent with GAAP, as were used in preparing and on a consistent basis with the balance sheet included in the Financial Statements for the fiscal year ended December 31, 2018 and (c) to the extent consistent with GAAP, as set forth in the Example Statement of Net Working Capital. For the avoidance of doubt, in the event of an inconsistency between the principles and methodologies set out in the Example Statement of Net Working Capital and the accounting policies adopted in presentation of the balance sheet included in the Financial Statements for the fiscal year ended December 31, 2018, each will be applied, to the extent of the inconsistency, in the following priority: (i) the principles set out in the Example Statement of Net Working Capital and (ii) the accounting policies adopted in the presentation of the balance sheet included in the Financial Statements for the fiscal year ended December 31, 2018.

Agreed Accounting Policies means the accounting principles, policies, methods, practices, categories, estimates, judgments and assumptions as set forth in Exhibit A.

Examples of Agreed Accounting Policies in a sentence

• In addition, changes in IFRS are not necessarily implemented in other business accounting standards (at least initially), so national General Agreed Accounting Policies (GAAP) may remain unchanged, at least for some time.

• Buyer shall not take any action with respect to the accounting books and records of the Acquired Companies and their Subsidiaries on which the June Financial Statements or the calculation of June Adjusted Statutory Book Value is to be based that is not consistent with the past practices of the Acquired Companies (including the Agreed Accounting Policies) and would affect the June Financial Statements or the calculation of June Adjusted Statutory Book Value.

• The Estimated Net Working Capital Amount shall be calculated in accordance with the Agreed Accounting Policies and consistent with the example calculation set forth on the Example Statement of Net Working Capital.

• The Closing Statement shall be prepared in accordance with the Agreed Accounting Policies and consistent with the example calculation set forth on the Example Statement of Net Working Capital.

• The Closing Statement (i) shall be prepared in accordance with the Agreed Accounting Policies, applied in a manner consistent with the preparation of the Reference Statement, (ii) shall include line items substantially similar to those contained in the Reference Statement and (iii) shall be accompanied by appropriate information and documentation in reasonable detail supporting Buyer’s calculation.

More Definitions of Agreed Accounting Policies

Agreed Accounting Policies means the accounting principles, policies, methods, practices, categories, estimates, judgments and assumptions (a) in compliance with GAAP, (b) to the extent consistent with GAAP, as were used in preparing and on a consistent basis with the balance sheet included in the Financial Statements for the fiscal year ended December 31, 2018 and (c) to the extent consistent with GAAP, as set forth in the Example Statement of Net Working Capital. For the avoidance of doubt, in the event of an inconsistency between the principles and methodologies set out in the Example Statement of Net Working Capital and the accounting policies adopted in presentation of the balance sheet included in the Financial Statements for the fiscal year ended December 31, 2018, each will be applied, to the extent of the inconsistency, in the following priority: (i) the principles set out in the ExampleStatement of Net Working Capital and (ii) the accounting policies adopted in the presentation of the balance sheet included in the Financial Statements for the fiscal year ended December 31, 2018.

Agreed Accounting Policies. Is defined in Section 2.7.

Agreed Accounting Policies shall have the meaning set forth in Section 2.04(a).

Agreed Accounting Policies means the generally accepted accountancy principles and practice in Hong Kong.

Agreed Accounting Policies means the accounting policies in effect as of October 31, 1998, including but not limited to those set forth on Exhibit H hereto.

Agreed Accounting Policies means the accounting policies as set out in Schedule 6, with such amendments as may from time to time be agreed in writing by the Shareholders;

Agreed Accounting Policies means GAAP as applied in a manner consistent with Seller’s historical practices, except as modified by the accounting policies, procedures and methodologies set forth in Exhibit A attached hereto and used in the preparation of the Reference Statement.