Finnish GAAP definition

Finnish GAAP means generally accepted accounting principles of the Republic of Finland, as in effect from time to time.
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Finnish GAAP means accounting principles generally accepted in Finland consistently applied.
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Finnish GAAP means generally accepted accounting principles in Finland.
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Examples of Finnish GAAP in a sentence

  • Under Finnish GAAP, no deferred taxes have been provided on such differences.

  • Additional information to the financial statements also comply with Finnish accounting principles and corporate legislation.The parent company Caruna Networks Oy, founded in November 28, 2013, prepared its first financial statements in accordance with Finnish generally accepted accounting principles (Finnish GAAP).

  • Under Finnish GAAP revenue is recognized when the product has been delivered or the service rendered.

  • Orion shall maintain its records in accordance with Finnish GAAP or, as applicable, International Financial Reporting Standards (“IFRS”).

  • As Caruna Group did not prepare consolidated financial statements for the year ended 31 December 2013 due to the Finnish GAAP exception not to prepare such consolidated financial statements as certain threshold criteria for the preparation of consolidated financial statements were not met.

  • However, the concept of allocating the purchase consideration based on the estimated fair values of acquired tangible and intangible assets and liabilities assumed is less specific in Finnish GAAP than in US GAAP.

  • Under Finnish GAAP, goodwill arising from acquisitions is generally capitalized and amortized over the estimated useful life, not to exceed 20 years.

  • Under Finnish GAAP, the Group's comprehensive income differs from the net income only by the amount of the foreign currency translation differences credited or charged to shareholders' equity for the period.

  • In addition, under Finnish GAAP, goodwill from acquisitions is not required to be "pushed down" to the underlying businesses as required under SEC Staff Accounting Bulletin No. 73, Push Down Basis of Accounting Required in Certain Limited Circumstances.

  • Under Finnish GAAP, all assets acquired and liabilities were recognized at cost.


More Definitions of Finnish GAAP

Finnish GAAP has the meaning set forth in Section 1.3;
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Finnish GAAP means generally accepted accounting principles in Finland, which are subject to the Finnish Accountancy Act (1336/1997, as amended) and the Finnish Accountancy Regulation (1339/1997, as amended), as consistently applied by Subco.
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Finnish GAAP means the Finnish generally accepted accounting principles as consistently applied in accordance with the past practice of the Company, and the Transferor Companies when the Business was operated by the Transferor Companies.
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Finnish GAAP means Finnish generally accepted accounting principles applied on a consistent basis with prior accounting periods.
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Related to Finnish GAAP

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

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

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

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

  • 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.

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

  • 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).

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

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

  • 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

  • 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.

  • 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.

  • 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.

  • IASB means the International Accounting Standards Board;

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

  • IAS means International Accounting Standards;

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

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

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

  • PCAOB means the Public Company Accounting Oversight Board.

  • 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

  • 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.

  • 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.