Financial and Accounting System definition

Financial and Accounting System. : shall mean the articles, adopted by the AGM upon the recommendation of the Executive Committee, that govern the financial and accounting procedures in AACO.
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Financial and Accounting System has the meaning given in Clause 17.1(b);
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Financial and Accounting System has the meaning ascribed thereto in Section 12.2.
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Examples of Financial and Accounting System in a sentence

  • It is recommended that WAJ Aqaba consider using a system of accounts similar to that adopted by the National Association of Regulatory Utility Commissioners (NARUC), and tailor it, as appropriate, to the Financial and Accounting System (FAS) and other Jordanian financial reporting requirements.

  • Discussion regarding ETGSA Groundwater Financial and Accounting System.

  • The Programme Implementation Manual including the Financial Management Procedures has been approved by IFAD and a Financial and Accounting System is functional.

  • POLICY ISSUESDiscussion Regarding ETGSA Groundwater Financial and Accounting System Consulting Engineer De Groot provided a presentation on the accounting system for ETGSA.

  • FINANCIAL AND ACCOUNTING SYSTEM AND PROFIT DISTRIBUTION Financial and Accounting System The Company shall establish its financial and accounting system in accordance with the laws, administrative regulations and the requirement of relevant regulatory departments of the PRC.

  • In an effort to address systemic internal control deficiencies and limited capabilities of its core financial and accounting system, Integrated Financial and Accounting System (IFAS), at the beginning of FY 2016, ASG initiated a two-year project to upgrade IFAS and its capabilities – the OneSoution Upgrade for IFAS.

  • Parents are encouraged under Kadoka’s open-door policies to come into classrooms at any time and observe their child’s learning environments.

  • Building capacity of the DGC will establish, within the Ministry of Finance, the foundations of an organisation that will become the benchmark for accrual accounting in the public sector in liaison with the National Accounting Council (CNC) in charge for the Ministry of Finance of the overall Financial and Accounting System (SCF).

  • Chapter 16 Financial and Accounting System and Profit Distribution Article 209 The Company shall establish its financial and accounting system in accordance with the laws, regulations and PRC accounting standards formulated by the finance regulatory department of the State Council.

  • But it could not have, because under that rule only a “party asserting a claim to relief” may join additional claims with it.


More Definitions of Financial and Accounting System

Financial and Accounting System shall have the meaning set forth in Section 13.1.
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Related to Financial and Accounting System

  • 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 Information means (a) the annual audited consolidated financial statements of the Group and (b) the quarterly unaudited consolidated financial statements of the Group, each as provided or (as the context may require) to be provided to the Bank in accordance with clause 5.1.4;

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

  • International Accounting Standards means International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and related Interpretations (SIC-IFRIC interpretations), subsequent amendments to those standards and related interpretations, and future standards and related interpretations issued or adopted by the International Accounting Standards Board (IASB);

  • 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.

  • 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);

  • Financial Instrument” shall mean the Financial Instruments under the Company’s CIF license which can be found in the document “Company Information” on the Website. It is understood that the Company does not necessarily offer all the Financial Instruments which appear on its CIF license but only those marketed on its Website from time to time.

  • 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.

  • Accounting Officer clause 65;

  • financial entity means the following entities which meet such criteria or conditions as the Central Government may, in consultation with the financial sector regulator, notify in this behalf, namely:

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Auditing Services means those services within the scope of the practice of a certified public accounting firm licensed under Chapter 473 of the Florida Statutes, and qualified to conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy.

  • Accounting Date means the thirtieth day of June in each year and any interim date on which the financial statements of the Trust are drawn up. Provided that the Management Company may, with the written consent of the Trustee and after obtaining approval from the Commission and the Commissioner of Income Tax may change such date to any other date and such change shall be intimated to the Commission.

  • Accounting means activities providing information, usually quantitative and often expressed in monetary units, for:

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

  • 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.

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • Financial Officer Certification means, with respect to the financial statements for which such certification is required, the certification of the chief financial officer of the Borrower that such financial statements fairly present, in all material respects, the financial condition of the Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments.

  • Accounting Policies means GAAP, applied in a manner consistent with the accounting policies, principles, practices and methodologies used in the preparation of the Audited Balance Sheet.

  • 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.

  • Financial Account means an account maintained by a Financial Institution, and includes:

  • Financial aid means loans and/or grants to needy students

  • Accounting Authority means the Board of PRASA;

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