Company Accounting Methodology definition

Company Accounting Methodology means GAAP and the selection of policy alternatives under GAAP of Xxxxxxxx and the related accounting practices of Xxxxxxxx.
Sample 1
Company Accounting Methodology is defined in Section 6.12.
Sample 1
Company Accounting Methodology means (i) GAAP as applied on a basis consistent with the principles and methodologies used in preparation of Schedule B hereto, and with respect to the Net Working Capital Amount, using the line items set for therein (and with respect to the balance sheets referred to in Sections 1.2(a) and 1.2(c), to the extent not inconsistent with the foregoing, the principles and methodologies used in preparation of the Interim Balance Sheet), and (ii) with respect to any one or more items on Schedule B that were not prepared in accordance with GAAP, with such exceptions to GAAP as are set forth on Schedule B (and with respect to the balance sheets referred to in Sections 1.2(a) and 1.2(c), to the extent not inconsistent with the foregoing exceptions, with such exceptions to GAAP as are set forth on Section 3.4(a) of the Seller Disclosure Schedule); provided, however, that if and to the extent that any such exceptions are not set forth on Schedule B or Section 3.4(a) of the Seller Disclosure Schedule, as applicable, the relevant items shall be determined in accordance with GAAP.
Sample 1

Examples of Company Accounting Methodology in a sentence

  • The Company’s books and records shall be kept in accordance with the accrual method of accounting for income tax, consistent with the Company Accounting Methodology for other reporting purposes, except, in each case as may otherwise be required by applicable Law.

  • Such books and records shall include separate books of account for each Member that shall show a true and accurate record of all costs and expenses incurred, all charges made, all credits made and received and all income derived in connection with the operation of the business of the Company consistent with the Company Accounting Methodology.

  • System elements are regarded as software-relevant if they are provided with a relevance annotation that indicates the involvement of software or control engineers.

  • All of the statements of income fairly present the results of operations included in the Financial Statements, including any related notes, of the Company for the periods indicated in accordance with the Company Accounting Methodology.

  • All of the Financial Statements have been prepared in accordance with a modified version of the cash method of accounting, consistently applied throughout the periods involved, which modified version of the cash method (the "Company Accounting Methodology") is described in detail in Schedule 6.12(a)-2 attached hereto.

  • As soon as practicable, but in any event within 90 days after the Closing, UniCapital shall engage Price Waterhouse LLP to prepare, in accordance with the Company Accounting Methodology, a balance sheet of the Company (the "Closing Date Balance Sheet") as of the end of business on the day prior to the Closing Date (as defined in Section 5.1 hereof).

  • The allowance for collection losses on the Interim Balance Sheet or on Schedule 6.14 has been determined in accordance with the Company Accounting Methodology consistent with past practice.

  • All of the balance sheets included in the Financial Statements, including any related notes, fairly present the financial position, assets and liabilities (whether accrued, absolute, contingent or otherwise) of the Company at the dates indicated in accordance with the Company Accounting Methodology.

  • All of the balance sheets included in the Financial Statements, including the related notes, fairly present the financial position, assets and liabilities (whether accrued, absolute, contingent or otherwise) of the Company at the dates indicated, in accordance with the Company Accounting Methodology.

  • To the extent there is any inconsistency between the Schedule of Agreed Exceptions and the Company Accounting Methodology, the Schedule of Agreed Exceptions shall take precedence over the Company Accounting Methodology as the basis on which the Estimated Closing Schedule is prepared.


More Definitions of Company Accounting Methodology

Company Accounting Methodology means GAAP, applied on a basis consistent with the principles, methods and practices utilized in preparing the Audited Balance Sheet.
Sample 1

Related to Company Accounting Methodology

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • 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.

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • Accounting Manual means the latest version of the document titled “Accounting for Parents and Citizens Associations” that is published by the Department of Education as amended from time to time.

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • Practice of public accounting means the performance or the offering to perform, by a person holding oneself out to the public as a certified public accountant or a licensed public accountant, one or more kinds of professional services involving the use of accounting, attest, or auditing skills, including the issuance of reports on financial statements, or of one or more kinds of management advisory, financial advisory, or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters. However, with respect to licensed public accountants, the “practice of public accounting” shall not include attest or auditing services or the rendering of an opinion attesting to the reliability of any representation embracing financial information.

  • 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 Procedure means the principles and procedures of accounting set out in Appendix C.

  • 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.

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles in the United States, consistently applied, which are in effect on the date of this Indenture.

  • Methodology means a document describing how a designated benchmark administrator determines a designated benchmark;

  • Accounting Policies means the accounting policies and procedures set out in Part C of Schedule 4 (Accounting Policies);

  • Accounting Reference Date means 31 December of each year.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Accounting Date means, with respect to any Collection Period the last day of such Collection Period.

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

  • Accounting Restatement Date means the earlier to occur of (a) the date that the Board, a committee of the Board authorized to take such action, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare an Accounting Restatement, or (b) the date that a court, regulator or other legally authorized body directs the Company to prepare an Accounting Restatement.

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Accounting system means the Contractor's system or systems for accounting methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data for reporting in compliance with applicable laws, regulations, and management decisions, and may include subsystems for specific areas such as indirect and other direct costs, compensation, billing, labor, and general information technology.

  • Accounting Restatement means an accounting restatement that the Company is required to prepare due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period.

  • Oversight Board means each entity established pursuant to Section 34179.

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • 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).

  • Australian Accounting Standards means the accounting standards made by the Australian Accounting Standards Board in accordance with section 227 of the Australian Securities and Investments Commission Act 2001 (Cth).