ACCOUNTING RULES a) The Contractor shall keep its accounts in accordance with current legislation and the accounting principles and practices established and accepted in Peru and in the international Petroleum industry, and in accordance with the provisions of these Accounting Procedures.
ACCOUNTING RULES. (a) In calculating net payments and net receipts, the Administrator, on behalf of the Clubs, shall use the definitions contained in the 1995 FIQ, subject to the provisions of Section D below. Although the intention is to follow Generally Accepted Accounting Principles (“the GAAP rules”) in the adoption and application of revenue and expense definitions contained in the FIQ and in the accounting conventions, policies and practices reflected in the FIQ (and in any changes to any of the foregoing), it is acknowledged that specific exceptions to the GAAP rules have been and will be warranted to ensure uniformity, consistency and fair treatment among the Clubs, subject to the provisions of Section D below.
ACCOUNTING RULES. Except as otherwise expressly provided, all accounting terms used in this Agreement, whether or not defined in Section 1.01, shall be construed in accordance with GAAP. If and so long as any Person has one or more Subsidiaries, such accounting terms shall be determined on a consolidated basis for the Person and each of its Subsidiaries, and the financial statements and other financial information to be furnished by any Person pursuant to this Agreement shall be consolidated and presented in consolidating financial statements in accordance with GAAP.
ACCOUNTING RULES. 51.1. The Joint Venture Company’s fiscal year begins on January 1 and ends on December 31. The first fiscal year of the Joint Venture Company shall commence on the Business License Date and end on December 31 of the same year. The last fiscal year of the Joint Venture Company shall start on January 1 of the year of termination and end on the date of termination.
ACCOUNTING RULES. The financial statements of Alcon as a holding company shall be drawn up in accordance with Swiss statutory law, and shall use CHF as reporting currency. The consolidated financial statements of the Alcon Group shall be drawn up in accordance with U.S. Generally Accepted Accounting Principles, and shall use USD as reporting currency. The auditors of the Alcon Group shall devise suitable procedures, together with the auditors of the Nestle Group, to provide for a reconciliation of the Alcon Group financial information into the consolidated financial statements of Nestle which are be drawn up in accordance with IAS.
ACCOUNTING RULES. 1. The implementation of the Statement of Financial Accounting Standards No. 166 (FAS 166) and FAS 167 by the Financial Accounting Standards Board.
ACCOUNTING RULES. The balances reflected in the Balance Sheets of the Lucky Brand Business (as such terms are used in the Accounting Rules) as prepared in accordance with the Accounting Rules included in Exhibit A (i) include all material balances specific to the Business, which may be contained in JDE company codes that are either Lucky specific or co-mingled and (ii) do not include any material balances that are not specific to the Business.
ACCOUNTING RULES. 4.1 Tongshi shall keep completely accurate accounting books and complete original accounting certificates relating to the sales of WorldSpace China Receivers and WorldSpace China PC Cards, and shall keep complete accounting records according to international accounting standards, including records of the amount of payments made, calculation basis and method and ancillary materials evidencing the above amount. Tongshi shall preserve the above original certificates for five (5) years following the termination of this Agreement, and shall provide such certificates to WorldSpace China when requested.
ACCOUNTING RULES. The books shall be maintained on a cash basis. The fiscal year of the Company shall be the calendar year. Distributions to income accounts shall be made annually. The books shall be closed and balanced at the end of each calendar year and, if an audit is determined to be necessary by vote or consent of the Managers, it shall be made as of the closing date. The Managers may authorize the preparation of year-end profit-and-loss statements, balance sheet, and tax returns by a public accountant. For Colorado tax purposes, each Member who is a nonresident of Colorado shall execute and deliver to the Manager a Form DR 0107 - COLORADO LIMITED LIABILITY COMPANY NONRESIDENT MEMBER INCOME TAX AGREEMENT (the "Nonresident Tax Agreement") no later than 60 days after becoming a Member or Economic Interest Owner, as the case may be. The Manger shall timely file with the Colorado Department of Revenue, together with the Company's annual Colorado return, a Nonresident Tax Agreement with respect to each Nonresident Member.
ACCOUNTING RULES. The books shall be maintained on a cash basis. The fiscal year of the Company shall be the calendar year. Distributions to income accounts shall be made annually by the 15th of March following the end of the fiscal year. The books shall be closed and balanced at the end of each calendar year and, if an audit is determined to be necessary by vote or consent of the Manager, it shall be made as of the closing date. The Manager may authorize the preparation of year-end profit-and-loss statements, balance sheet, and tax returns by a public accountant. Any tax forms required to be sent to the Members shall be sent no later than the 15th of March following the fiscal year end.
