Generally Accepted Accounting Principles definition

Generally Accepted Accounting Principles means generally accepted accounting principles, being those principles of accounting set forth in pronouncements of the Financial Accounting Standards Board, the American Institute of Certified Public Accountants or which have other substantial authoritative support and are applicable in the circumstances as of the date of a report.

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.

Generally Accepted Accounting Principles means the standards for accounting and preparation of financial statements established by the Federal Accounting Standards Advisory Board (or its successor agency) or any successor standards adopted pursuant to relevant SEC rule.

Examples of Generally Accepted Accounting Principles in a sentence

• The Recipient shall establish or use existing financial systems that comply with Generally Accepted Accounting Principles and with 2 CFR § 200.302 & 303.

• Grantee will ensure that disposition of that item is in accordance with Xxxxxxx’s established organizational disposal policies, Generally Accepted Accounting Principles, and any applicable federal guidance.

• After an item reaches the end of its useful life, Grantee will ensure that disposition of any equipment is in accordance with Generally Accepted Accounting Principles, and any applicable federal guidance.

• Contractor will maintain a system of accounting and internal controls that is sufficient to adhere to Generally Accepted Accounting Principles.

• If CDFA cannot determine if expenditures are allowable under the terms of this Agreement because records are nonexistent or inadequate according to Generally Accepted Accounting Principles, CDFA may disallow the expenditures.

More Definitions of Generally Accepted Accounting Principles

Generally Accepted Accounting Principles means such accounting principles as are generally accepted at the time of any computation required hereunder.

Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession as amended and/or modified from time to time. All ratios and computations contained or referred to herein shall be computed in conformity with GAAP applied on a consistent basis.

Generally Accepted Accounting Principles means the recognised consensus or substantial authoritative support within a Party at a particular time as to which economic resources and obligations should be recorded as assets and liabilities, which changes in assets and liabilities should be recorded, how the assets and liabilities and changes in them should be measured, what information should be disclosed and how it should be disclosed, and which financial statements should be prepared. These standards may be broad guidelines of general application as well as detailed practices and procedures;

Generally Accepted Accounting Principles shall refer to generally accepted accounting principles as in effect from time to time in the United States of America.

Generally Accepted Accounting Principles for any Person means the generally accepted accounting principles and practices applied by such Person from time to time in the preparation of its audited financial statements.

Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles, in effect in Canada, as established by the Chartered Professional Accountants of Canada and as applied from time to time by the Company in the preparation of its consolidated financial statements.

Generally Accepted Accounting Principles means generally accepted accounting principles, as recognized by the American Institute of Certified Public Accountants, consistently applied and maintained on a consistent basis for the Borrower and its Subsidiaries on a consolidated basis throughout the period indicated and consistent with the financial practice of the Borrower and its Subsidiaries after the date hereof.