Accounting Year Sample Clauses
The 'Accounting Year' clause defines the specific 12-month period used by a business or entity for financial reporting and accounting purposes. Typically, this period may align with the calendar year or follow a fiscal year chosen by the organization, and it determines when financial statements are prepared and audited. By clearly establishing the accounting year, this clause ensures consistency in financial records and reporting, facilitating accurate assessment of financial performance and compliance with regulatory requirements.
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Accounting Year. The Company’s fiscal year shall commence on January 1 of each year and shall end on December 31 of each year.
Accounting Year. The Trust shall operate on an accounting year which coincides with the calendar year, January 1 through December 31.
Accounting Year. The Board of Directors shall have the power, from time to time, to fix the fiscal year of the Corporation by a duly adopted resolution.
Accounting Year. Accounting year shall be 12 full calendar months. Accounting year may be established by CONTRACTOR, provided CONTRACTOR notifies COUNTY Auditor-Controller in writing of the accounting year to be used. Said accounting year shall be deemed to be approved by COUNTY Auditor-Controller unless Auditor-Controller has objected to CONTRACTOR’S selection in writing within 60 days of CONTRACTOR’S written notification. In the event CONTRACTOR fails to establish an accounting year of its choice, regardless of the cause, the accounting year shall be synonymous with the 12-month period contained in the first one- year term of the CONTRACT. Any portion of a year that is not reconciled, should the accounting year and the anniversary year of the CONTRACT commencement is not is same, shall be accounted for as if it were a complete accounting year. Once an accounting year is established, it shall be continued through the term of the CONTRACT unless COUNTY Auditor-Controller specifically approves in writing a different accounting year. COUNTY Auditor-Controller shall only approve a change in accounting years in the event of undue hardship being placed on CONTRACTOR, and not because of mere convenience or inconvenience.
Accounting Year. The Trustees shall have the power, from time to time, to fix the fiscal year of the Trust by a duly adopted resolution.
Accounting Year. The Borrower shall not, and shall not permit any Guarantor to, change its accounting Year end from December 31 without the written consent of the Agent, such consent not to be unreasonably withheld.
Accounting Year. The fiscal year of the Corporation shall end on December 31 of each fiscal year, and may thereafter be changed by duly adopted resolution of the Board from time to time.
Accounting Year. Landlord may adopt a different accounting year than the calendar year, in which case the times for payment of Additional Rent shall be adjusted accordingly.
Accounting Year. The term “Accounting Year” as used herein shall mean each calendar year during the Term.
Accounting Year. 8.2.1 The accounting year for the Fund shall end on June, 30 every calendar year or as determined by the Commission.