China GAAP definition

China GAAP means Generally Accepted Accounting Principles for the People’s Republic of China.
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China GAAP means generally accepted accounting principles in China, as in effect from time to time.
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China GAAP. . China GAAP means China generally acceptable accounting principles.
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Examples of China GAAP in a sentence

  • If a Party is not required to perform such a currency conversion for its U.S. GAAP or China GAAP reporting with respect to the applicable period, then for such period such Party will make such conversion using the rate of exchange which corresponds to the noon buying rate as published in the Wall Street Journal, Eastern U.S. Edition on the second to last business day of the calendar quarter (or such other publication as agreed-upon by the Parties) in which such receipt or expenditure was incurred.

  • A-share companies are required to prepare their financial statements in accordance with the requirements of China GAAP prior to 2007 IFRS convergence.

  • With respect to amounts required to be converted into another currency for calculation or payment hereunder, such amounts will be converted using a rate of exchange which corresponds to the rate used for conversion between the relative currencies by whichever Party recorded the relevant receipt or expenditure, for the respective reporting period in its books and records that are maintained in accordance with U.S. GAAP or China GAAP, as the case may be.

  • The rationale behind focusing on companies issuing A-share only instead of companies issuing both A- and B-share in this study is to avoid potential cross influence between IFRS and China GAAP when two sets of financial statements are being prepared within the same company for both international and domestic investors.

  • More specifically, whether earnings and book value of equity of listed Chinese companies are more value-relevant in the post IFRS convergence periods than in the pre-IFRS periods.The pre-IFRS is the time period between 2004 and 2006 representing the period prior to the application of the IFRS, during which China GAAP was the adopted accounting standard amongst A-share companies listed on the Shenzhen Stock Exchange and the Shanghai Stock Exchange.

  • The books of the Company and each Company Subsidiary that is organized outside of China shall be kept in accordance with IFRS, and the books of each Company Subsidiary that is organized in China shall be kept in accordance with China GAAP; provided that in the event that both IFRS and China GAAP apply to a given transaction, IFRS shall apply.

  • For each of the eight dual-listed companies remaining in the sample, the financial data under IFRS and US GAAP is obtained from Form 20-Fs. Financial data under China GAAP is collected from RESSET Financial Research Database and cross checked by China Stock Market and Accounting Research (CSMAR) database.

  • New China GAAP is consistent with IFRS in accounting principles and substance, and incorporates most of the rules described in the IFRS but reflects the unique aspect of the Chinese environment.

  • Base Case DCF Financial Model - Base Case 2017A Note: Revenue shown here is based on China GAAP, which includes tax expense like consumption tax that should be deducted from Gross Margin and criteria under IFRS.

  • Impact of IFRS adjustments on the profit for the period: Unit: RMB’000 Shareholder’s equity Attributable to the EquityHolders of the CompanyProfit Attributable to the Equity Holders ofthe Company June 30, 20122012 First HalfAs Prepared under the China GAAP**7,410,732841,328Adjustment per IFRS: Staff bonus and welfare fund appropriatedfrom net profit of a subsidiary-2,430-2,430As Restated in Conformity with IFRS7,408,302838,898 ** Based on the financial statements prepared by JMC under the China GAAP.


More Definitions of China GAAP

China GAAP has the meaning set forth in Section 1.1.
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China GAAP means GAAP as applied in the PRC.
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China GAAP means the generally acceptable accounting principles in the PRC;
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China GAAP. China GAAP means China generally acceptable accounting principles.
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Related to China GAAP

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

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

  • GAAP means generally accepted accounting principles in the United States of America.

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

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

  • Brazilian GAAP means, collectively, the accounting principles prescribed by Brazilian Corporate Law, the rules and regulations issued by applicable regulators, including the CVM, as well as the technical releases issued by the Brazilian Institute of Accountants (Instituto Brasileiro de Contadores), in each case as in effect from time to time.

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

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

  • 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).

  • SAP means, with respect to any Insurance Subsidiary, the statutory accounting practices prescribed or permitted by the insurance commissioner (or other similar authority) in the jurisdiction of such Insurance Subsidiary for the preparation of annual statements and other financial reports by insurance companies of the same type as such Insurance Subsidiary that are applicable to the circumstances as of the date of filing of such statement or report.

  • 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.

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

  • 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.

  • Current Financials means, at any time, the consolidated Financial Statements of the Companies most recently delivered to Administrative Agent under Section 7.1(a) or 7.1(b), as the case may be.

  • GAAS means generally accepted auditing standards as in effect from time to time in the United States.

  • Current Financial Statements has the meaning given to such term in Section 5.9.

  • Most Recent Financial Statements has the meaning set forth in Section 4(g) below.

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • IAS means International Accounting Standards;

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • 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.

  • Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.

  • Audited Financials has the meaning specified in Section 4.6(a).

  • Financials means the financial statements delivered, or required to be delivered, pursuant to Section 9.1(a) or (b) together with the accompanying officer’s certificate delivered, or required to be delivered, pursuant to Section 9.1(d).

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2012, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.