Comprehensive Basis of Accounting definition

Comprehensive Basis of Accounting means a system of accounting other than GAAP, including but not limited to statutory basis, cash basis, or tax basis.
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Examples of Comprehensive Basis of Accounting in a sentence

  • For Audits Done in Accordance with Other Comprehensive Basis of Accounting (SAS 62).

  • The financial statements are prepared in accordance with a regulatory basis of accounting (RBA), which is an Other Comprehensive Basis of Accounting (OCBOA).

  • The internship is free and is undertaken in accordance with the curriculum in the first, second, and third semester of study.

  • In establishing a "market value" balance sheet, the analyst must convert or adjust the existing balance sheet, whether GAAP or Other Comprehensive Basis of Accounting (OCBOA), on a line-by-line basis.

  • Management Response: Wapakoneta City Schools prepares an Other Comprehensive Basis of Accounting (OCBOA) report which incorporates the reporting format required by Government Accounting Standards Board Statement No. 34.

  • Other Comprehensive Basis of Accounting (OCBOA) – (Continued)The financial statements consist of balance sheets and statements of revenues, expenditures and changes in fund balances.

  • Additionally, you can go directly to the site athttp://utmc.utoledo.edu/learningenvironmentYou will need to sign on and will be prompted for your UTAD User ID and password and then the assessment page will display.

  • The term "OCBOA" means Other Comprehensive Basis of Accounting, as designated by Lender in writing as an acceptable alternative to GAAP.

  • The American Institute of CPA’s Financial Reporting Framework for SMEs (FRF) is an Other Comprehensive Basis of Accounting for small and medium-sized entities that is meant to be sensitive toward these entities.

  • This change is part of our move from OCBOA (Other Comprehensive Basis of Accounting) to GAAP accounting practices.

Related to Comprehensive Basis of Accounting

  • Comprehensive means an assistance program that focuses on

  • Comprehensive resource analysis means an analysis including,

  • Comprehensive assessment means the gathering of relevant social, psychological, medical and level of care information by the case manager and is used as a basis for the development of the consumer service plan.

  • Comprehensive Plan means the City's Comprehensive Land Use Plan and its implementing Ordinances, policies and development standards.

  • Uniform System of Accounts means Uniform System of Accounts for the Lodging Industry, Ninth Revised Edition, 1996, as published by the Hotel Association of New York City, as the same may be further revised from time to time.

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

  • Operating Statement shall have the meaning set forth in Section 27.1 hereof.

  • Auditing Profession Act ’ means the Auditing Profession Act, 2005 (Act No. 26 of 2005);

  • Comprehensive agreement means the comprehensive agreement between the private entity and the responsible public entity that is required prior to the development or operation of a qualifying project.

  • 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 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.

  • 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.

  • Uniform Standards of Professional Appraisal Practice means the current standards of the appraisal profession, developed for appraisers and users of appraisal services by the Appraisal Standards Board of the Appraisal Foundation.

  • 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.

  • Reconciliation Procedures has the meaning set forth in Section 2.3(a) of this Agreement.

  • standards of generally recognised accounting practice means an accounting practice complying with standards applicable to municipalities or municipal entities as determined by the 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);

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

  • Basic Comprehensive User Guide means the Ministry document titled Basic Comprehensive Certificates of Approval (Air) User Guide” dated April 2004 as amended.

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

  • 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.

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions: