GAAP accounts definition

GAAP accounts means accounts drawn up in accordance with generally accepted accounting practice,
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Examples of GAAP accounts in a sentence

  • It seems likely that the approach taken for prudential reporting will be closely related to that used for reporting in GAAP accounts but with an extra degree of prudence.

  • Even where specific sets of taxing provisions exist such as the loan relationships and derivatives code the way in which the profit or loss on a loan or an interest rate swap is taxed generally follows the treatment in the company's GAAP accounts and departures from this remain the exception rather than the norm.

  • Mongolia installed five Automatic Dependent Surveillance-Broadcast (ADS-B) ground stations during early 2013.

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

  • 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.

  • The effect was that the 2004 UK GAAP accounts recognized both the preference shares and the bonds but the 2005 IFRS accounts recognized neither the preference shares nor 95% of the bonds.

  • The introduction of FINREP on solo level would lead to double reporting standards in countries where IFRS is not allowed at solo level or where institutions are allowed to use IFRS in financial statements but are not exempted from filling local GAAP accounts.

  • For example, for a company adopting IFRSs for the first time in its individual accounts in 201610 the position is as follows:• any dividends accounted for in the 2015 accounts (eg, interim dividends paid during the year) do not have to have regard to the effect of adoption of IFRSs;• any final dividend for 201509 will not be provided in the 201509 UK GAAP accounts and will first be accounted for in the 201610 accounts.

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 unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • 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 report and audited accounts of the Company and of any Group Company and the audited consolidated accounts of the Group (if any) for the relevant Financial Year;

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

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

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

  • 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 accounts referred to in Section 3.03 (a) of this Agreement;

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Locked Box Accounts means the unaudited, aggregated balance sheet of the Group 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 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.

  • 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.

  • Financing Accounts means, collectively, the Credit Account and the Grant Account (or, where the context so requires, either of the Credit Account or the Grant Account).”

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