Financial Statement Principles definition

Financial Statement Principles means GAAP applied in a manner consistent with the accounting principles and methodologies used by Calavo in preparing its financial statements at the relevant time.

Financial Statement Principles has the meaning set forth in the definition of Accounting Rules.

Financial Statement Principles means the accounting principles set forth on Exhibit A hereto. With respect to any calculation of U.S. Net Assets or Canadian Net Assets for the purposes of this Agreement, no change in accounting principles shall be made from those set forth on Exhibit A hereto, including with respect to the nature of accounts or methodologies with respect to reserves or accruals. For purposes of the preceding sentence, “changes in accounting principles” includes all changes in accounting principles, policies, practices, procedures or methodologies with respect to financial statements or their classification or presentation, as well as all changes in practices, methods, conventions or assumptions (unless required by objective changes in underlying events) utilized in making accounting estimates. To the extent that the accounting principles set forth on Exhibit A hereto do not address or resolve the inclusion or calculation of any amount, such matters shall be determined in accordance with GAAP, applied on a consistent basis with the preparation of the Fleet Financials.

Examples of Financial Statement Principles in a sentence

• Consolidation Financial Statement Principles were set by the BADC in 1975 (Final revision 2011) and the disclosure of consolidated financial statements under the Financial Instruments and Exchange Act commenced in 1978.All subsidiaries in which the parent company owns more than 50% of the voting shares should be included in the consolidation, although they may be omitted where they are immaterial.

• The MLIM Balance Sheet was prepared in accordance with the MLIM Financial Statement Principles.

• The Estimated U.S. Net Assets and the Estimated Canadian Net Assets will be prepared in conformity with the Financial Statement Principles and Exhibit B.

• Each Earn-Out Statement will be prepared in accordance with Financial Statement Principles.

• Such Monthly Financial Statements have each been prepared in accordance with GAAP (except for normal year-end adjustments identified in SCHEDULE 6.1.7(b) and the absence of notes to such financial statements, which, in each case, would not be material) and on a basis consistent with the policies, principles and methodology used in connection with the preparation of the Audited Financial Statement Principles.

• The Net Working Capital of Seller as of the Closing Date determined in accordance with this Section 4.3 is referred to herein as the "CLOSING WORKING CAPITAL BALANCE." In the event that the Financial Statement Principles do not include any policies, principles or methodology required to determine the Net Working Capital of Seller, then the Net Working Capital of Seller will be determined on a basis in accordance with GAAP.

• Exhibit A-4 MLIM Financial Statement Principles This exhibit describes the general principles for the construction of the MLIM Balance Sheet.

• The Closing Adjustment Amounts will be prepared in conformity with the Financial Statement Principles and Exhibit B.

• With respect to any calculation of Net Working Capital for the purposes of this Agreement, no change in accounting principles or methodology shall be made from the Financial Statement Principles, including, without limitation, with respect to the nature of accounts, level of reserves or level of accruals.

• All reserves reflected on the Financial Statements have been established in accordance with GAAP, except as otherwise specified in the Financial Statement Principles.

More Definitions of Financial Statement Principles

Financial Statement Principles has the meaning set forth in Section 4.3(a).