GAAP accounts definition

GAAP accounts means accounts drawn up in accordance with generally accepted accounting practice,
Sample 1Sample 2Sample 3

Examples of GAAP accounts in a sentence

  • US GAAP requires that the trade receivable reserves be presented in the consolidated financial statements as follows: Trade receivables 568,707 422,672 Allowance for doubtful accounts (500 ) (1,000 ) Trade receivables, net 568,207 421,672 [e] Accounts payable and accrued liabilities comprise:Under Canadian GAAP, accounts payable and accrued liabilities are presented in the consolidated financial statements on an aggregated basis.

  • This program will be funded with Title IA grant funds, appropriated from GAAP accounts 20-231-100-100; 20-231-200-100.

  • The date of transition to Ind AS is April 1, 2016 and the Company restated the previous Indian GAAP accounts to Ind AS compliant accounts for the financial year ended March 31, 2017.The Company has adopted all issued Ind AS standards, as applicable, and the adoption was carried out in accordance with Ind AS 101.

  • This program will be funded with Title IA grant funds, appropriated from GAAP accounts 20-231- 100-100; 20-231-200-100.

  • The Group does not produce consolidated UK GAAP accounts that are publicly available as it is exempt by virtue of S401 of the Companies Act 2006 from the requirement to prepare group financial statements.

  • Engineering incomes are registered as other revenues in BE GAAP accounts (below).

  • At that point, any realistic hope of having PwC approving the 2003 GAAP accounts disappeared, for it was practically impossible.

  • In the Annex to the accounts statements have been prepared showing the transition from UK GAAP accounts to those prepared in the new IFRS format and include the balance sheets for 2008-09 and 2009-10 and the Income & Expenditure Account for 2009-10.

  • Taking covered taxes from ‘conformed’ accounts and deferred tax from local GAAP accounts would mean that the ETR numerator would be a mixture of “apples and oranges” (while the ETR denominator is apples).

  • These increased current liabilities would increase the denominator when calculating current ratio, and therefore decrease the ratio.8. According to GAAP, accounts receivable must be reported at their net realizable value, meaning the maximum amount the company believes it will actually collect.

Related to GAAP accounts

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Audited Accounts means the audited accounts of the Company and of each of the Subsidiaries and the audited consolidated group accounts of the Group for the financial period ended on the Balance Sheet Date;

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Collection Accounts As defined in Section 3.10(a).

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Separate Accounts means the accounts which are to be prepared for each

  • Principal Account(s means deposit accounts of the Fund or a Portfolio carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • Last Accounts means the Accounts of the Target Companies in respect of the financial period ended on the Last Accounts Date;

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.