Accepted Accounting Practices definition

Accepted Accounting Practices means accounting principles, practices and procedures generally accepted and recognised in the international Petroleum industry.
View Source
Accepted Accounting Practices means the accounting practices and standards generally accepted in the United States of America.
View Source
Accepted Accounting Practices means the accounting practices and standards generally accepted in the United States of America. Accounts means a statement of income, balance sheet and a statement of cash flow together with any statements, reports (including any directors’ and auditors’ reports) and notes attached to or intended to be read with any of them.
View Source

Examples of Accepted Accounting Practices in a sentence

  • All rights of action under this Agreement or under any of the Certificates, enforceable by the Trustee, may be enforced by it without the possession of any of the Certificates, or the production thereof at the trial or other proceeding relating thereto, and any such suit, action or proceeding instituted by the Trustee shall be brought in its name for the benefit of all the Holders of such Certificates, subject to the provisions of this Agreement.

  • The Charter School will meet all Generally Accepted Accounting Practices (GAAP) as demonstrated by external, annual audit reports.

  • Contractor shall maintain, and require its Subcontractors to maintain, complete and accurate accounting records, in accordance with Generally Accepted Accounting Practices [GAAP] in the industry.

  • Participants must maintain financial statements prepared in accordance with Generally Accepted Accounting Practices applied on a consistent basis and audited annually by an independent Certified Accountant or other individual acceptable to Agency.

  • The Consultant and all Subcontractors shall maintain complete and accurate records in accordance with Generally Accepted Accounting Practices in the industry.

  • Such books will be maintained in a fashion acceptable under Generally Accepted Accounting Practices.

  • To furnish the Company with an audited financial statement prepared in accordance with Generally Accepted Accounting Practices (GAAP), for the most current year ended December 31st no later than one hundred and eighty (180) days after the execution of this Agreement, or the Company may, at its option, immediately terminate this Agreement.

  • Accounting terms used in the Agreement shall have ---------------- the meanings ascribed to such terms under Generally Accepted Accounting Practices, consistently applied by Company.

  • All records and accounts relating to financial matters must be in a format consistent with Generally Accepted Accounting Practices (“GAAP”).

  • Distributor agrees to maintain books of accounts and records according to Generally Accepted Accounting Practices, and that Producer or Producer's designees may examine Distributor's records, with at lease thirty (30) days notice, relating to this agreement at any time during this agreement at normal business hours, and make extracts therefrom at Producer's expense.

Related to Accepted Accounting Practices

  • UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4.

  • Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles in the United States, consistently applied, which are in effect on the date of this Indenture.

  • Agreed Accounting Principles means the accounting principles, procedures and methodologies set forth on Schedule 1.01(a).

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.