Acceptable Accounting Principles definition

Acceptable Accounting Principles means general accepted accounting principles which for the avoidance of doubt include GAAP or IFRS. ‘Accounting Date’ means the 31st December each year or such other time as determined by the Directors from time to time. ‘Administrator’ means Abacus Fund Administration Limited. ‘Annual General Meeting’ means the General Meeting held each year pursuant to the Articles. ‘Articles’ means the Articles of Association of the Company. ‘Bank’ means Turicum Private Bank Limited and any bank or banks that the Fund uses. ‘Base Currency’ means the currency in which the accounts of the Fund are drawn up and in which Shares in the Fund are denominated which in the case of the Fund is EURO. ‘Blockchain’ means a digital ledger in which transactions made in Digital Asset are recorded chronologically and publicly. ‘Board’, the ‘Board of Directors’ and/or the ‘Directors’ means the governing body for the Fund being the Directors of the Fund from time to time. ‘Business Day’ means a day other than a Saturday or Sunday or a day which is a public holiday, on which banks are open for general banking business in Gibraltar. ‘Commencement of Investment Activity’ means such date as determined by the Board of Directors having regard to the Minimum Trading Amount. ‘Companies Act’ means the Companies Act 2014 of Gibraltar and any modifications or re- enactment thereof.
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Acceptable Accounting Principles means generally accepted accounting principles consistently applied (i.e., GAAP).
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Acceptable Accounting Principles means GAAP or such other accounting methods or principles acceptable to Lender from time to time.
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Examples of Acceptable Accounting Principles in a sentence

  • The Reserve will be recorded and maintained in the appropriate Member Entity Fund in accordance with Generally Acceptable Accounting Principles.

Related to Acceptable Accounting Principles

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with those used in preparing the financial statements referred to in Section 5.5.

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).

  • Generally Accepted Accounting Principles means the standards for accounting and preparation of financial statements established by the Federal Accounting Standards Advisory Board (or its successor agency) or any successor standards adopted pursuant to relevant SEC rule.

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • U.S. GAAP means United States generally accepted accounting principles.

  • GAAP means generally accepted accounting principles in the United States of America in effect from time to time.

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Accounting Date means the thirtieth day of June in each year and any interim date on which the financial statements of the Trust are drawn up. Provided that the Management Company may, with the written consent of the Trustee and after obtaining approval from the Commission and the Commissioner of Income Tax may change such date to any other date and such change shall be intimated to the Commission.

  • Accounting Standard means GAAP.

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • IFRS means International Financial Reporting Standards.

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Accepted means that in the County’s reasonable opinion, substantial compliance with the requirements of this Contract has been achieved.