PRC GAAP definition

PRC GAAP means the generally accepted accounting principles in the PRC.

PRC GAAP means generally accepted accounting principles and practices in effect from time to time in the PRC applied consistently throughout the periods involved.

PRC GAAP means the China Accounting Standards (企业会计准则) as promulgated and amended from time to time and their interpretations, guidelines and implementation rules, which collectively are accepted as generally accepted accounting principles in the PRC.

Examples of PRC GAAP in a sentence

• Other information provided, except as noted below, to the senior management of the Company is measured under PRC GAAP.

• The appropriation to the statutory surplus fund must be at least 10% of the after-tax profits calculated in accordance with PRC GAAP.

• Specifically, but not by way of limitation, the respective balance sheets of the Financial Statements disclose all of the Group Companies’ respective debts, liabilities and obligations of any nature, whether due or to become due, as of their respective dates (including, without limitation, absolute liabilities, accrued liabilities, and contingent liabilities) to the extent such debts, liabilities and obligations are required to be disclosed in accordance with PRC GAAP.

• This basis of accounting differs in certain material respects from that used for the preparation of the books of account of the Company, which are prepared in accordance with the accounting principles and the relevant financial regulations applicable to enterprises with limited liabilities established in the PRC ("PRC GAAP"), the accounting standards used in the places of their domicile.

• The Articles of Association of the companies under the Group (other than overseas companies) requires that 10% of the profit after taxation for each year should be transferred to the statutory surplus reserve in accordance with the PRC GAAP, until it has reached 50% of the registered capital.

More Definitions of PRC GAAP

PRC GAAP means the Accounting Standards for Business Enterprises in China issued by the Ministry of Finance of the PRC from time to time;

PRC GAAP means PRC Accounting Standards for Business Enterprises in effect from time to time applied consistently throughout the periods involved.

PRC GAAP means the Accounting Standards for Business Enterprises in the PRC;

PRC GAAP means the Accounting Standards for Business Enterprises issued by the Ministry of Finance of the PRC and all applicable guidance, bulletins and other relevant accounting regulations issued thereafter, as amended from time to time;

PRC GAAP means generally accepted accounting principles in effect in the People’s Republic of China from time to time

PRC GAAP means the PRC Generally Accepted Accounting Principles;

PRC GAAP. ’ means the generally accepted accounting principles adopted in the PRC