Open Book Accounting definition

Open Book Accounting. Means arrangements whereby all of the Provider's financial
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Open Book Accounting means the structured management and sharing of transparent, complete, accurate, current and accessible costing information– including data which would traditionally have been kept confidential – so as to facilitate the joint management of the Pooled Fund and facilitate better use of the resources in commissioning services and exercise of NHS Functions and/or Health Related Functions.
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Open Book Accounting means an arrangement in which the Purchaser grants Kāinga Ora access at reasonable times on reasonable notice to multiple layers of accounting information in a constant and consistent manner and in particular shares costs information in a complete, transparent, accurate, current and readily accessible manner.
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Examples of Open Book Accounting in a sentence

  • As part of the Open Book Accounting Principles, the Authority should have confidence that the Operator’s management information systems and financial systems are understood and are reliable for the intended purpose.

  • In seeking the Authority's consent for any Sub-Contract the Operator shall provide the Authority on request with a copy of the terms of the proposed Sub-Contract including in relation to the relevant charges a statement in accordance with the Open Book Accounting Principles set out in Schedule 6 (Finance).

  • Open Book Accounting - The GC/CM alternative contract delivery method allows for open book cost accounting and verification process.

  • Open Book Accounting On a quarterly basis, the Contractor(s) must detail to the Authority all costs associated with the delivery of the framework and demonstrate how those costs deliver value for money for the Scottish public sector.

  • The successful bidder will be required to adopt Open Book Accounting principles It will form the basis of the calculation of Authority Gainshare, by audit and analysis of actual Operating performance against that submitted within this model.

  • Both parties must agree to a policy of Open Book Accounting in order to facilitate this partnership.

  • The report will also contain details of the any area of the specification or standards used that should be reviewed in the light of problems encountered on site, any requirements for ongoing monitoring or maintenance requirements.

  • Open Book Accounting is required to enable the Authority to independently validate the level of margin made by the Operator and to ensure that the provision of the Services provides Value for Money.

  • In addition, where contractually required, we expect full and prompt disclosure of accurate cost, revenue and margin information (Open Book Accounting and Open Book Contract Management) in line with published guidance and the terms of the contract.

  • Premise Insert Premises XXXXX Open Book Accounting Is a particular type of supply-chain assurance where the Provider shares information about the costs and profits in the Care Services of this Agreement.


More Definitions of Open Book Accounting

Open Book Accounting or “Open Book”
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Open Book Accounting means the disclosure by the Contractor of all material data and infor- mation which relate to the performance of the Contractor’s's obligations under this Contract in- cluding staff costs, resources used, valuations, cost variations, profit margins, payment mecha- nisms, budget planning, defaults, claims, insurance, recovery of costs, administration and over- head costs, payments to sub-contractors and suppliers, transactions with intra-group and related parties, corporate overheads and the basis of such charges, capital expenditure, income from third parties and any other matter which is reasonably incidental to the performance of the Contractor's obligations under this Contract provided always that such information shall at all times be pre- pared and maintained in accordance with appropriate accounting practices (in accordance with Good Industry Practice)
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Related to Open Book Accounting

  • City Ledger Report means a list submitted by the Contractor indicating on a daily basis its total number of sleeping room nights rented as well as the total number for sleeping rooms removed from its available inventory or rentals, for purposes of repair.

  • Accounting Records means the general ledger and subsidiary ledgers and supporting schedules which support the general ledger balances.

  • audited when used in regard to financial statements shall mean an examination of the financial statements by a firm of independent certified public accountants in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.

  • Automated Message Accounting (AMA) is a structure inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by Telcordia (formerly known as Bellcore) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • Automated Message Accounting (AMA) means the structure that is inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by iconectiv (formerly known as Telcordia) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • Open Book Data means complete and accurate financial and non-financial information which is sufficient to enable the Customer to verify the Call Off Contract Charges already paid or payable and Call Off Contract Charges forecast to be paid during the remainder of this Call Off Contract, including details and all assumptions relating to: the Supplier’s Costs broken down against each Good and/or Service and/or Deliverable, including actual capital expenditure (including capital replacement costs); operating expenditure relating to the provision of the Goods and/or Services including an analysis showing: the unit costs and quantity of Goods and any other consumables and bought-in services; manpower resources broken down into the number and grade/role of all Supplier Personnel (free of any contingency) together with a list of agreed rates against each manpower grade; a list of Costs underpinning those rates for each manpower grade, being the agreed rate less the Supplier’s Profit Margin; and Overheads; all interest, expenses and any other third party financing costs incurred in relation to the provision of the Services; the Supplier Profit achieved over the Call Off Contract Period and on an annual basis; confirmation that all methods of Cost apportionment and Overhead allocation are consistent with and not more onerous than such methods applied generally by the Supplier; an explanation of the type and value of risk and contingencies associated with the provision of the Goods and/or Services, including the amount of money attributed to each risk and/or contingency; and the actual Costs profile for each Service Period.

  • Accounting Date means, with respect to any Collection Period the last day of such Collection Period.

  • Books and Records means all books, records, board minutes, contracts, licenses, insurance policies, environmental audits, business plans, files, computer files, computer discs and other data and software storage and media devices, accounting books and records, financial statements (actual and pro forma), filings with Governmental Authorities and any and all records and instruments relating to the Collateral or otherwise necessary or helpful in the collection thereof or the realization thereupon.

  • Balance Sheets has the meaning set forth in Section 4.5(a).

  • Accounting Reference Date means 31 December of each year.

  • consolidated basis means on the basis of the consolidated situation;

  • Consolidated Financial Statements means, with respect to any Person, collectively, the consolidated financial statements and notes to those financial statements, of that Person and its Consolidated Subsidiaries prepared in accordance with GAAP.

  • Financial Statement Date means December 31, 1999.

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.

  • Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Management Accounts Date means 30 September 2010;

  • Reconciliation Date means the last calendar day of each Reconciliation Period.

  • 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);

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Transferred Books and Records has the meaning set forth in Section 1.1(f).

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Monthly Reporting Date means the 25th day of each month after the date of this Agreement (or if any such day is not a Business Day, the next succeeding Business Day thereafter).

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • Reporting Accountants means the auditors of National Grid (but not acting in their capacity as auditors) or such other firm of accountants as may be nominated by National Grid and approved in writing by the Trustee for the purpose or, failing which, as may be selected by the Trustee for the purpose; and

  • Accounting Restatement Date means the earlier to occur of (a) the date that the Board, a committee of the Board authorized to take such action, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare an Accounting Restatement, or (b) the date that a court, regulator or other legally authorized body directs the Company to prepare an Accounting Restatement.