Accounting reports definition

Accounting reports means an audit, a review, a compilation, or a fiscal report.
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Accounting reports. Payments: Inspection. IMI and Genisys shall jointly be responsible for coordinating the collection of all revenues from the sale of the Product through the Infomercial and all other direct response sales. Genisys shall keep complete and accurate books of account regarding the manufacture, marketing and sale of The Product and the other sources of revenue which are the subject of this Agreement. Genisys shall allow IMI the right of inspection of such books during regular business hours and upon reasonable advance notice. During the term of this Agreement for each month in which there are sales of the Product or other revenue subject to this Agreement, within thirtv (30) days after the end of the month Genisys shall provide IMI with a report containing complete information regarding sales of the Product and as a required hereunder the calculation of Gross Receipts, the royalties due thereon, and including therewith a payment of any amounts due IDS for the prior month activities. Such books of account and supporting data shall be available for inspection by IMI during Genisys' regular business hours for a period of two (2) years following the end of the fiscal year to which they pertain. In the event the inspection of Genisys books and records reveals that any annual payment to IMI was understated by five percent (5%) or more, Genisys shall be responsible to pay for the reasonable costs of inspection, excluding travel costs related to the inspection. Additionally, any amount due IMI which is unpaid shall accrue interest at the rate of ten percent (10%) per annum until the total amount due, including interest, is paid in full. Any determination of underpayment shall not be a breach of this Agreement unless the full amount due remains unpaid for a period exceeding ten (I0) days after receipt of written payment demand,
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Accounting reports means an audit, a review, a compilation, or a fiscal report. (2) "Audit" means an examination that:
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Examples of Accounting reports in a sentence

  • Accounting reports shall be submitted to the Reinsurer by the Company and by the Reinsurer to the Company, not later than 15 business days after the end of each calendar month.

  • Accounting reports and annual financial statements to be submitted to the Parties or the Board shall be prepared and kept in both Chinese and English.

  • Accounting- Concurrently with the delivery of daily deposit receipts, Contractor shall file with OCPW Accounting reports of gross receipts for each parking facility operated.

  • Accounting reports shall be submitted to the Reinsurer by the Company not later than twenty (20) calendar days after the end of each calendar quarter.

  • Accounting reports as needed to close Client’s books within the applicable accounting window.

  • Accounting reports or other documents, including copies of all background documentation (invoices, documents related to tender, bank statements, etc.) shall be submitted to the Lead Partner, in accordance with the schedule and requirements stipulated by the Lead Partner.

  • Accounting reports (Schedules F, G, H and K) shall be submitted to the Reinsurer by the Company not later than fifteen (15) days after the end of each accounting period except in the case of calendar year end accounting reports as described in the following paragraph.

  • Accounting reports supplied by CENTER which are more than two (2) years old will be conclusively presumed to be correct.

  • Accounting reports, as required under this Agreement, shall be submitted to the Reinsurer by the Company and by the Reinsurer to the Company, not later than 20 calendar days after the end of each calendar quarter.

  • Accounting reports shall be submitted to the Reinsurer by the Company not later than ________ (__) calendar days after the end of each calendar quarter.


More Definitions of Accounting reports

Accounting reports. The governing board of the SUBGRANTEE is responsible to ensure that SUBGRANTEE complies with all accounting reporting requirements in federal law and the Nevada Revised Statutes. Close Out Financial Reports: Close out financial reports and reimbursement requests must be submitted by the January 10, 2020. Documentation to include final financial summary of expenses, and checks, invoices, contracts, vouchers, orders and other accounting documents evidencing in proper detail the nature and propriety of the respective charges. Annual Audit: SUBGRANTEE will submit a copy of their annual audit and management letter to County within 30 days of the audit completion. Audit must comply with all applicable standard accounting practices.
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Accounting reports is defined in Section 10.5(e).
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Related to Accounting reports

  • Financial Statements has the meaning set forth in Section 3.06.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Accounting Information means the annual audited consolidated financial statements or, as the case may be, the quarterly unaudited consolidated financial statements, each in respect of the Borrower and the Group, to be provided by the Borrower to the Agent in accordance with Clause 11.6.

  • audited when used in regard to financial statements shall mean an examination of the financial statements by a firm of independent certified public accountants in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.

  • Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.