Prior Period Adjustment definition

Prior Period Adjustment means, as applicable, a billing adjustment related to: (i) the correction of a measuring equipment error pursuant to Article 4.2 hereof, (ii) the correction of a Shipper’s Monthly Bill pursuant to Article 7.5 hereof, or (iii) a correction by a Common Stream Operator of a month end allocation initially made pursuant to Article 19.1(a) hereof, which correction is accepted by Transporter in accordance with Transporter’s posted policy.

Prior Period Adjustment means any change to the True-Up Adjustment agreed upon or determined through the review and challenge procedures outlined in these Protocols that is carried forward with interest to the subsequent True-Up Adjustment.

Prior Period Adjustment means any adjustments, including but not limited to, actual delivered natural gas volumes, meter reading errors, or any other factor(s) which may affect the resulting actual cost of delivered natural gas supplies and other services made to any previous monthly invoice resulting in the actual cost to the Receiving Agency.

Examples of Prior Period Adjustment in a sentence

• In addition a third Balance Sheet is required where the Prior Period Adjustment is material.

• Budgetary Prior Period Adjustment In prior years certain funds that are legally budgeted in separate special revenue funds were considered part of the general fund on a budgetary basis.

• There have been no changes to accounting policy or material errors requiring restatement by Prior Period Adjustment.

• With regard to each Series, if a Prior Period Adjustment (or portion thereof) can be specifically identified as attributable to a Member or a former Member of such Series, then the Sponsor shall use reasonable efforts to allocate such Prior Period Adjustment to, and collect such Prior Period Adjustment from, such Member (by Redemption of Units or otherwise) or former Member.

• Statement of Significant Accounting Policies (cont’d)(l) Prior Period Adjustment (cont’d)Impact on the Statement of Financial Position (increase/(decrease)) as at 1 July 2020: 1 July 20201 July 20201 July 2020 Impact on the Statement of Financial Position (increase/(decrease)) as at 30 June 2021: 30 June 2021 Impact on the Statement of Cash Flows (increase/(decrease)) for the year ended 30 June 2021 is as follows: 1.

• The new service names were: • Economic Growth and Housing – previously Inward Investment and Employment• Education Excellence – previously Schools and Families• Highways and Public Protection – previously Locality Services – Commissioned• Locality Services – previously Locality Services - Provision The amounts are considered material enough to warrant a Prior Period Adjustment to ensure comparability between the two years.

• However, the Council has decided to treat the correction of the error as a Prior Period Adjustment rather than an adjustment in 2011/2012.

• For such purposes, a given Prior Period Adjustment shall include all items relating to the same or related causes occurring at or about the same time, as the Sponsor may determine.

• Prior Period Adjustment: This line should be used only when opening net asset balances in the university’s audited financial statements have been adjusted in the current reporting period.

• M-RETS will post the Prior Period Adjustment to the Generation Log associated with the Generating Unit.

More Definitions of Prior Period Adjustment

Prior Period Adjustment means any item or items of expense, loss, tax, income or gain incurred or accrued during one Accounting Period which arises from claims, events or transactions relating to a prior Accounting Period, including all costs of prosecuting, defending, investigating, settling or otherwise dealing with any of the foregoing, such item or items to be accounted for pursuant to Section 3.10.

Prior Period Adjustment shall m ean any adjustm ents, in cluding but not lim ited to, actual delivered natural gas volum es, meter reading errors, or any other factor(s) which m ay affect the resulting actual cos t of delivered natural gas supplies and other services made to any previous monthly invoice resulting in the actual cost to the Receiving Agency.

Prior Period Adjustment means, as applicable, a billing adjustment related to: (i) the correction of a measuring equipment error pursuant to Article 4.2 hereof, (ii) the correction of a