Accounting Method Change definition

Accounting Method Change means the Company’s application to change its method of determining the cost of vacation ownership interests and cost of sales expense for U.S. federal income tax reporting purposes, which the Company submitted to the IRS on IRS Form 3115 dated as of December 30, 2020.
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Examples of Accounting Method Change in a sentence

  • The Estimated Accounting Method Change Tax Liability of the Company shall be set forth and included in the calculation of Closing Working Capital in the Statement delivered by Parent pursuant to Section 3.1(c)(i), subject to determination in accordance with the procedures of Sections 3.1(c)(ii) and 3.1(c)(iii).

  • For the avoidance of doubt, the provisions of this Section 6.19(j) shall in no way limit Parent’s rights pursuant to Section 6.19(i) related to the Accounting Method Change.

  • Notwithstanding the forgoing, the control of the Accounting Method Change shall be governed by Section 6.19(i).

  • Following the Closing, Parent shall be entitled to control the Accounting Method Change and none of the Sellers shall have any rights with respect thereto.

  • State of Incorporation or Location; Change in Accounting Method; Change of Fiscal Year.

Related to Accounting Method Change

  • Accounting Methodology means GAAP, and to the extent consistent with GAAP, the accounting principles, methods and practices utilized in preparing the Financial Statements, applied on a consistent basis.

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Accounting Change refers to any change in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable, the SEC.