Australian GAAP definition

Australian GAAP means generally accepted accounting principles, standards and practices in Australia.
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Australian GAAP means generally accepted accounting principles in Australia as in effect on the date hereof and applied on a consistent basis.
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Australian GAAP means generally accepted accounting principles in Australia, consistently applied.
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Examples of Australian GAAP in a sentence

  • The summary should not be taken as an exhaustive list of all the differences between Australian GAAP and IFRS.

  • This financial report has been prepared in accordance with Australian accounting standards and other financial reporting requirements (Australian GAAP).

  • The Directors have reviewed the differences between Australian GAAP and the IFRS issued to date to identify any issues that may potentially have a significant effect on the financial position and financial performance of the Company.

  • The differences between Australian GAAP and IFRS identified to date as potentially having a significant effect on the consolidated entity’s financial performance and financial position are summarised below.

  • All financial information disclosed in this Prospectus has been prepared in accordance with Australian Generally Accepted Accounting Principles (Australian GAAP).

  • The Group has applied previous Australian GAAP (AGAAP) in the comparative information on financial instruments within the scope of AASB 132 and AASB 139.

  • International Financial Reporting Standards (‘IFRSs’) form the basis of Australian Accounting Standards (‘AASBs’) adopted by the AASB, and for the purpose of this report are called Australian equivalents to IFRS (‘AIFRS’) to distinguish from previous Australian GAAP.

  • The annual financial report for the year ended 30 June 2005 will be prepared in accordance with Australian Accounting Standards and other financial reporting requirements (Australian GAAP).

  • The differences between Australian GAAP and AIFRSs identified to date as potentially having significant effect on the Shire are not considered to have an impact on the budget for the year ended 30 June2006 due to the following factors:- underlying budget is cash driven and is concerned with forecast sources and applications of funds; and- a review has determined balances relating to the net current asset position brought forward as at 1 July 2005 are not likely to be affected.

  • This is in contrast to the current Australian GAAP treatment under which the gross proceeds from the sale are recognised as revenue and the carrying amount of the assets sold is recognised as an expense.


More Definitions of Australian GAAP

Australian GAAP means generally accepted accounting principles of Australia consistently applied, as in effect from time to time.
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Australian GAAP means accounting principles generally accepted in Australia. "consolidated entity" means an entity which CSR must consolidate under Australian GAAP. "CSR" means CSR Limited, ABN 90 000 001 276, an Australian co mpany.
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Australian GAAP means accounting standards, principles and practices which are generally accepted in Australia (including the Australian Accounting Concepts, Australian Accounting Standards, Approved Accounting Standards and all other standards acceptable to the Australian Accounting Research Foundation which are operative as at the date of this agreement).
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Australian GAAP means accounting principles and practices which are generally accepted in Australia.
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Australian GAAP means, with respect to any computation required or permitted under this Indenture, such accounting principles and practices as are generally accepted in Australia at the date of such computation.
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Australian GAAP means generally accepted accounting principles in Australia as in effect at the time any applicable financial statements were prepared.
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Related to Australian GAAP

  • Canadian GAAP means Generally Accepted Accounting Principles as provided in the Handbook of the Canadian Institute of Chartered Accountants.

  • Brazilian GAAP means the generally accepted accounting practices adopted in Brazil determined in accordance with the Brazilian corporate law.

  • UK GAAP means generally accepted accounting principles in the United Kingdom.

  • U.S. GAAP means United States generally accepted accounting principles.

  • GAAP means generally accepted accounting principles as in effect from time to time in the United States of America.

  • Mexican GAAP means generally accepted accounting principles in Mexico in effect on the Issue Date.

  • PRC GAAP means the generally accepted accounting principles of the PRC.

  • IFRS means International Financial Reporting Standards as issued by the International Accounting Standards Board.

  • Australian Accounting Standards refers to the standards of that name, as amended from time to time, that are maintained by the Australian Accounting Standards Board referred to in section 227 of the Australian Securities and Investments Commission Act 2001 (Cth);

  • Fixed GAAP Date means the Issue Date; provided that at any time after the Issue Date, the Company may by written notice to the Trustee elect to change the Fixed GAAP Date to be the date specified in such notice, and upon such notice, the Fixed GAAP Date shall be such date for all periods beginning on and after the date specified in such notice.

  • SAP means the SAP entity that has entered into this Agreement, as well its Affiliates.

  • HKFRS Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants

  • 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.

  • 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).

  • Fixed GAAP Terms means (a) the definitions of the terms “Capitalized Lease Obligation,” “Consolidated Interest Expense,” “Consolidated Net Income,” “Consolidated Net Tangible Assets,” “Consolidated Total Assets,” “Consolidated Senior Secured Net Debt Ratio,” “Consolidated Total Net Debt Ratio,” “Consolidated Total Indebtedness,” “Consolidated EBITDA” and “Indebtedness,” (b) all defined terms in this Indenture to the extent used in or relating to any of the foregoing definitions, and all ratios and computations based on any of the foregoing definitions, and (c) any other term or provision of this Indenture or the Notes that, at the Issuer’s election, may be specified by the Issuer by written notice to the Trustee from time to time; provided that the Issuer may elect to remove any term from constituting a Fixed GAAP Term.

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with those used in preparing the financial statements referred to in Section 5.5.

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Academy Financial Year means the year from 1st September to 31st August or such other period as the Secretary of State may from time to time specify by notice in writing to the Academy Trust;

  • Generally Accepted Accounting Principles means the standards for accounting and preparation of financial statements established by the Federal Accounting Standards Advisory Board (or its successor agency) or any successor standards adopted pursuant to relevant SEC rule.

  • Consolidated Net Debt means, as of any date of determination, (a) Consolidated Total Debt minus (b) the aggregate amount of cash and Cash Equivalents of the Borrower and the Restricted Subsidiaries as of such date that is not Restricted.

  • Financial Year means a year commencing on and including the 1st day of July;

  • ROC means the Republic of China.

  • 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.

  • Central Automatic Message Accounting (CAMA) Trunk means a trunk that uses Multi-Frequency (MF) signaling to transmit calls from CLEC’s switch to an AT&T-21STATE E911 Selective Router.

  • IAS means International Accounting Standards;

  • Consolidated Net Assets means Consolidated Assets after deduction of Consolidated Current Liabilities.