PRC GAAP definition

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

  • In return, Solomedia shall be entitled to 95% of net operating profits arising and derived from the Wi-Fi Networks calculated in accordance with the PRC GAAP.

  • Sole and exclusive right - Advertisements digitization service Pursuant to the terms of the Agreement, 廣東速度 has agreed to appoint Solomedia as its sole and exclusive Advertisements digitization service provider in respect of all Advertisements designed, produced and released through the Wi-Fi Networks and Solomedia shall be entitled to 95% of net operating profits arising and derived from the design, production and release of the Advertisements calculated in accordance with the PRC GAAP.


More Definitions of PRC GAAP

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