Preparation of financial statements definition

Preparation of financial statements means any preparation of financial statements engagement to be performed in accordance with SSARS.
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Preparation of financial statements means providing a service of any preparation of financial statements engagement to be performed in accordance with the AICPA Statements on Standards for Accounting and Review Services;
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Preparation of financial statements means providing a
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Examples of Preparation of financial statements in a sentence

  • Preparation of financial statements in accordance with the basis of accounting described in Note 2(a) requires management to make estimates and assumptions that impact reported amounts of assets and liabilities at the date of the financial statements and revenues and expenses during the reporting periods.

  • Preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions in certain circumstances, affecting amounts reported in these financial statements and related notes.

  • Preparation of financial statements in accordance with the basis of accounting described in note 2 a) requires management to make estimates and assumptions that impact reported amounts of assets and liabilities at the date of the financial statements and revenues and expenses during the reporting periods.

  • Preparation of financial statements in conformity with GAAP requires the use of management’s estimates and assumptions.

  • The financial statements have been prepared to comply with the Pension Fund Regulatory and Development Authority Act, 2013, PFRDA (Preparation of financial statements and Auditor’s report of Schemes under National Pension System) Guidelines – 2012, Accounting Standards notified under the Companies Act, 1956 to the extent made applicable by PFRDA (Preparation of financial statements and Auditor’s report of Schemes under National Pension System) Guidelines – 2012 and generally accepted accounting principles.

  • Preparation of financial statements requires the Company to make estimates and assumptions affecting the reported amounts of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities.

  • Preparation of financial statements in accordance with IFRS approved by the EU requires making accounting estimates and assumptions with regard to the future events or uncertainties existing at the balance sheet date.

  • Use of estimates: Preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures.

  • Preparation of financial statements in accordance with International Financial Reporting Standards (“IFRS”) requires the Management Board to make professional judgements, estimates and assumptions which affect the adopted principles and presented values of assets, equity and liabilities, income and expenses.

  • Preparation of financial statements in accordance with the basis of accounting described in Note 2 (a) requires management to make estimates and assumptions that impact reported amounts of assets and liabilities at the date of the financial statements and revenues and expenses during the reporting periods.

Related to Preparation of financial statements

  • Financial Statements has the meaning set forth in Section 3.06.

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2012, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • Audited financial statement means a financial statement audited by an outside accounting firm.

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

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • 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.

  • Initial Financial Statements means, collectively, (a) the audited annual consolidated financial statements of the Borrower dated as of December 31, 2014 and (b) the unaudited quarterly consolidated financial statements of the Borrower dated as of September 30, 2015.

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

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

  • Current Financial Statements has the meaning given to such term in Section 5.9.

  • 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.

  • Annual Financial Statements has the meaning set forth in Section 3.06.

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

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Applicable Financial Statements means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Financial Statement Date means December 31, 1999.

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Body charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • Audited Statements means the Consolidated balance sheets of the Borrower as at December 31, 2001, and the related Consolidated statements of income and cash flows of the Borrower for the fiscal year then ended, accompanied by the opinion thereon of the Borrower's independent public accountants.