Accounting Principles and Practices. Change or modify any of Seller's accounting principles or practices or any method of applying such principles or practices.
Accounting Principles and Practices. Change or modify any of Seller's accounting principles or practices or any method of applying such principles or practices if such principles, practices or method relate to or affect the Assets or the Business.
Accounting Principles and Practices. Change or modify any accounting principles or practices or any method of applying such principles or practices.
Accounting Principles and Practices. Change or modify any of the accounting principles or practices or any method of applying such principles or practices currently employed with respect to the Station, except as required by GAAP.
Accounting Principles and Practices. Without the prior written consent of Forest, Lone Pine may not change its accounting principles or practices if a change in such accounting principle or practice would be required to be disclosed in Lone Pine’s financial statements as filed with the Commission or otherwise publicly disclosed, except for such changes which are required by GAAP and as to which there is no discretion on the part of Lone Pine, as concurred on by the Lone Pine Auditors prior to its implementation. Lone Pine shall give Forest as much prior notice as reasonably practical of any proposed determination of, or any significant changes in, its accounting estimates or, subject as aforesaid, accounting principles from those in effect on the Separation Date. Lone Pine will consult with Forest and, if requested by Forest, Lone Pine will consult with Forest’s Auditors with respect thereto. Forest shall give Lone Pine as much prior notice as reasonably practical of any proposed determination of, or any significant changes in, its accounting estimates or accounting principles pertaining to Lone Pine from those in effect on the Separation Date.
Accounting Principles and Practices. (a) Where the character or amount of any asset or liability, or item of revenue or expense, is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any Credit Document, that determination or calculation shall, to the extent applicable and except as otherwise specified in this Agreement or as otherwise agreed in writing by the parties, be made in accordance with GAAP.
Accounting Principles and Practices. Without the prior written consent of Halliburton, KBR may not change its accounting principles or practices if a change in such accounting principle or practice would be required to be disclosed in KBR’s financial statements as filed with the SEC or otherwise publicly disclosed, except for such changes which are required by GAAP and as to which there is no discretion on the part of KBR, as concurred in by the KBR Auditors prior to its implementation. KBR shall give Halliburton as much prior notice as reasonably practical of any proposed determination of, or any significant changes in, its accounting estimates or, subject as aforesaid, accounting principles from those in effect on the Separation Date. KBR will consult with Halliburton and, if requested by Halliburton, KBR will consult with Halliburton’s Auditors with respect thereto. Halliburton shall give KBR as much prior notice as reasonably practical of any proposed determination of, or any significant changes in, its accounting estimates or accounting principles pertaining to KBR from those in effect on the Separation Date.
Accounting Principles and Practices. The accounting principles and practices applied in preparing financial statements are comparatively analyzed here according to their characteristic aspects. 【Table 3.1 Comparison of Accounting Principles and Practices Applied by Major Philippine GOCCs】 Accounting principles and Practices NPC LRTA PPA XXXX NIA LWUA Japanese GOCCs International accounting standard Accrual basis accounting ○ ○ ○ ○ ○ ○ ○ ○ Re-evaluation of fixed assets ○ ○ ○ ○ ○ － × ○ Capitalization of the interest for borrowing to acquire a fix asset ○ ○ － － － － ○ (Some) ○ Deferral tax calculation ○ － － － － － × ○ Capital lease accounting of BOT ○ － － － － － ○ ○ Adjustment of retained earnings from the preceding term ○ － － － － ○ × ○ Foreign-currency: Translation by the settlement day rate method ○ ○ （Some） － － － ○ ○ (Short-term credit and debt only) － ○：Used ×：Not used －：Inapplicable or unclear The accounting principles and practices of GOCCs exist to disclose profit and loss over the term to interested parties. As is the case with the accounting principles and practices of private corporations, the principle is that expenses and revenues are accounted for at the time they arise (accrual basis) and not at the time the actual money is paid or received (cash basis). In cases where equipment is held for long periods (mainly infrastructure), special accounting procedures are required, but on this point the accounting principles and practices employed by Philippine GOCCs reflect more realities than those employed by their Japanese counterparts. They are recognized on the international standard accounting. The characteristics accounting principles and practices employed by Philippine GOCCs are discussed below.
Accounting Principles and Practices. ... 22 6.1.3. Trade-out Agreements. ...................... 22 6.1.4. Broadcast Time Sales Agreements. ........... 22 6.1.5. Network Affiliation Agreements and Local Marketing Arrangements................ 23 6.1.6.
Accounting Principles and Practices. Maintain all of the books and records, including all financial statements, in accordance with accounting principles and practices consistent with those used for the most recent financial statements, except for changes in such principles and practices required by federal or state regulation or under generally accepted accounting principles.
