Modified Accrual Basis definition
Examples of Modified Accrual Basis in a sentence
Such books, records and accounts shall be prepared and kept on a Modified Accrual Basis.
Not later than sixty (60) days prior to the beginning of each Fiscal Year, Manager shall submit to Owner for its approval proposed annual budget prepared on a Modified Accrual Basis for the Property for the ensuing Fiscal Year.
Each of the reports provided to Owner by Manager pursuant to this Agreement shall be prepared on a Modified Accrual Basis, and, at the option of Owner, shall be audited by an accounting firm selected by Owner (the “Auditor”).
Yes Accrual/Cash Basis Modified Accrual Basis (page 26 [32 of PDF]) Budget Cycle Budget process starts in Jan, due in March.
Such books, records and accounts shall be prepared and kept on a Modified Accrual Basis and a federal income tax basis (but only with respect to those items identified and in the manner described in Section III(D)(v)(b)).
Each of the reports provided to Owner and the Investor Report Recipient by Property Manager pursuant to this Agreement shall be prepared on a Modified Accrual Basis, and, at the option of the Owner, shall be audited by an accounting firm selected by Owner (the "Auditor").