Accounting Convention definition

Accounting Convention means GAAP on a basis consistent with the principles, practices and methodologies used by the Company in the preparation of the Financial Statements.

Accounting Convention means GAAP as to the determination of revenue (including deferred revenue) and cash and otherwise (with respect to other assets, liabilities and expenses of the Business), the historical accounting methods and principles of the Target Company and the Target Subsidiaries; provided, however, that, for avoidance of doubt, certain expenses related to, among other things, the allocation of corporate overhead and the participation of Business Employees in certain Seller share-based compensation plans, are prepared on a “carve-out” basis in accordance with past practice and not in accordance with GAAP

Accounting Convention means the accounting policies and procedures of Seller used to prepare the Financial Statements and described in Seller’s Annual Report on Form 10-KSB for the fiscal year ended March 31, 2005.

Examples of Accounting Convention in a sentence

• Accounting Convention The financial statements are prepared under the historical cost convention, modified to include the revaluation of land and buildings.

• As disclosed in note 2(a), Accounting Convention: Going Concern, the Group has performed an assessment of available liquidity to meet liabilities as they fall due during the forecast period.

• The significant accounting policies followed by the company are summarized below: - 1.1. Accounting Convention: The Financial statements have been prepared in accordance with accrual method of accounting following the historical cost convention as modified by revaluation of certain Fixed Assets.

• Accounting Convention and ConceptsThe Company follows the Historical Cost Convention and the Mercantile System of Accounting where the income and expenditure are recognized on accrual basis.2. Fixed AssetsFixed assets are valued at cost less depreciation.

• Accounting Convention: The accounts of the company are prepared under historical cost convention and in accordance with the applicable accounting standards and provisions of the Companies Act, 1956.

More Definitions of Accounting Convention

Accounting Convention means GAAP, except to the extent otherwise expressly set forth in the calculation of the Working Capital attached hereto as Annex I.

Accounting Convention means the significant accounting policies and procedures to be used by Seller in the preparation of the Closing Balance Sheet and that are described in Exhibit D.

Accounting Convention means GAAP; provided, however, that the Interim Financials include certain adjustments to eliminate the effects associated with application of purchase accounting, including, without limitation, certain pro forma adjustments to include deferred revenues that the Company Group would have recognized under GAAP but for the related purchase accounting.

Accounting Convention means IFRS for all periods from and after May 1, 2010 and shall mean Canadian generally accepted accounting principles for all periods prior to and through April 30, 2010.

Accounting Convention means the accounting principles and procedures used to prepare the Financial Statements as described in Exhibit A.

Accounting Convention means the accounting convention attached hereto as Schedule 1.1(a).

Accounting Convention means applicable Austrian GAAP with respect to the Company, Swiss GAAP with respect to Eco CH and German GAAP with respect to Eco GER, with the Austrian GAAP prevailing for consolidation purposes.