Examples of Modified GAAP in a sentence
We also present a cash flow analysis which includes operating results as defined in the Modified GAAP view, investments in capital (investing activities), and the impact of other financing activities.
Beginning in FY14 the FAS began reporting results on a Modified GAAP basis, which has been defined by the University.
The Modified GAAP Statement of Activity includes operating revenues less operating expenses, including depreciation expense.
Section 5.13 provides that “the inventories are adequate for the present needs of the business and are fairly reflected on the books of account of Sellers, stating items of inventory in accordance with Modified GAAP, consistently applied with adequate allowance for excessive or obsolete inventories.” Id. at 13.
Also included are statements prepared on a Modified GAAP Basis and relates more to the "Budget to Actual" statements.