Annual Accounting definition

Annual Accounting. The Custodian shall from time to time, but at least once annually as of the close of each calendar year, render to the Depositor an accounting that reflects both the transactions occurring in the Depositor’s Custodial Account in the preceding period and the fair market value of the assets held in the Depositor’s Custodial Account as of the accounting date to the extent such information exists and is made available to the Custodian. Such accounting may consist of, or be supplemented by, statements of accounts regularly issued by the designated Brokerage Firm or an affiliate thereof. If the Depositor fails to file any written exceptions or objections to any such accounting within sixty (60) days after the mailing of same, the Depositor shall be deemed to have approved of such accounting and the Custodian shall be released, relieved and discharged with respect to all matters set forth in such accounting.
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Annual Accounting the accounting conducted every full year (twelve months) starting from the date when the Entrusted Party was entrusted for operation and management;
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Annual Accounting shall have the meaning set forth in Article 23.1;
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Examples of Annual Accounting in a sentence

  • Annual Accounting Period means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • In respect of any period other than an Annual Accounting Period, such remuneration shall be prorated on the basis of the actual number of days for which such remuneration has accrued in proportion to the total number of days in the Annual Accounting Period concerned.

  • For any period other than an Annual Accounting Period such remuneration will be prorated on the basis of the actual number of days for which such remuneration has accrued in proportion to the total number of days in an Annual Accounting Period concerned.

  • It is the ACD’s intention that Share Class Conversions will be processed at the next Valuation Point following receipt of the instruction, however the ACD reserves the right to defer a Share Class Conversion until no later than after the next Annual Accounting Date if it is in the interests of other Shareholders.

  • For any period, other than an Annual Accounting Period such remuneration will be prorated on the basis of the actual number of days for which such remuneration has accrued in proportion to the total number of days in an Annual Accounting Period concerned.

  • At the end of each Annual and Semi Annual Accounting Period or such other interval as the Commission may require, the Shariah Advisor shall issue a certificate to be included in the Annual reports or such other report in respect of the Shariah compliance of the preceding year’s or past operations of the Fund.

  • The Carrier shall submit the audit report and the Annual Accounting Statements to OPM in accordance with the requirements of the Guide.

  • The accounting is made on a statement of operations known as the Annual Accounting Statement.

  • Reconciliations between amounts reported and actual amounts shown in accounting records shall be provided as supporting schedules to the Annual Accounting Statements.

  • The Annual Accounting Period shall commence on 1st July and shall end on 30th June of the succeeding calendar year.


More Definitions of Annual Accounting

Annual Accounting. The Custodian shall, at least annually, provide the Responsible Individual with an accounting of such Designed Beneficiary’s account. Such accounting shall be deemed to be accepted by the Responsible Individual, if the Responsible Individual does not object in writing within 60 days after the mailing of such accounting. Amendment: The Depositor and Responsible Individual irrevocably delegate to the Custodian the right and power to amend this Agreement. Except as hereafter provided, the Custodian will give the Responsible Individual 30 days notice of any such amendment, or if later, the time required to be given under regulation or other guidance provided by the IRS. The Depositor and Responsible Individual shall be deemed to have consented to any such amendment unless the Responsible Individual notifies the Custodian to the contrary within 30 days after notice to the Responsible Individual and requests a distribution or transfer of the balance in the Xxxxxxxxx ESA.
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Related to Annual Accounting

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Annual Accounts means the accounts of the licensee prepared in accordance with the provisions of the Companies Act, 1956 and/or in such other manner as may be directed by the Commission in terms of the provisions of the Act;

  • Annual Accountant’s Report is defined in Section 3.04(a) of the Servicing Agreement.

  • Fiscal Year End means December 31 of each calendar year.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • School fiscal year means a fiscal year that commences July 1 and continues through June 30.

  • Most Recent Fiscal Year End has the meaning set forth in Section 4(g) below.

  • Accounting Periods means each month.

  • Financial Year means a year commencing on and including the 1st day of July;

  • Fiscal Year means the fiscal year of the Company.

  • Academy Financial Year means the year from 1st September to 31st August or such other period as the Secretary of State may from time to time specify by notice in writing to the Academy Trust;

  • Accounting Date means the thirtieth day of June in each year and any interim date on which the financial statements of the Trust are drawn up. Provided that the Management Company may, with the written consent of the Trustee and after obtaining approval from the Commission and the Commissioner of Income Tax may change such date to any other date and such change shall be intimated to the Commission.

  • Trust Fiscal Year means the period commencing on March 1 of any year and ending on February 28 (or February 29, if applicable) of the following year.

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

  • Accounting Period means a period ending on and including an accounting date and commencing (in case of the first such period) on the date on which the Trust Property is first paid or transferred to the Trustee and (in any other case) from the next day of the preceding accounting period.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • 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.

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Current Fiscal Year means the fiscal year for which a particular calculation is made.

  • old financial year means the financial year of an issuer that immediately precedes a transition year;

  • Accounting system means the Contractor's system or systems for accounting methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data for reporting in compliance with applicable laws, regulations, and management decisions, and may include subsystems for specific areas such as indirect and other direct costs, compensation, billing, labor, and general information technology.

  • Deferral Year means each calendar year during which the Trustee makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Non-profit making companies means companies set up under the Companies Act, 1956/Companies Act 2013.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • State Fiscal Year means the period beginning September 1 and ending August 31 each year, which is the annual accounting period for the State of Texas.