Closing Accounting Principles definition

Closing Accounting Principles means the accounting principles described on Exhibit A.
Sample 1Sample 2Sample 3
Closing Accounting Principles means (a) the accounting principles and procedures to be applied by the Parties and the Group Companies for the Final Closing Statement and the Closing Accounts as set out in Schedule 6 (Closing Accounting Principles) and (b) to the extent not covered in (a) above, the Accounting Principles.
Sample 1Sample 2
Closing Accounting Principles means (a) the Accounting Principles and (b) using consistent principles and methodologies as those used in the 2018 Financial Statements. For the avoidance of doubt, paragraph (b) shall take precedence over paragraphs (a) and the Closing Accounting Principles shall ignore the effects of Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers and ignore the effects of ASC Topic 842, Leases.
Sample 1Sample 2

Examples of Closing Accounting Principles in a sentence

  • Closing Working Capital shall be calculated in accordance with the Closing Accounting Principles for all purposes of this Agreement.

  • The Parties shall instruct the Independent Expert to solely apply the Closing Accounting Principles applied by AOAG, the Assets Sellers and the Target Group Companies on a consistent basis and the other directives and principles set forth in this Agreement (including the Price Allocation Principles) to resolve the disputed items and to complete the final determination of the Purchase Price and the Price Allocation.

  • The Closing Balance Sheet shall be prepared on a consolidated basis in accordance with the Closing Accounting Principles, and shall not include any changes in assets or liabilities as a result of purchase accounting adjustments or other changes arising from or resulting as a consequence of the transactions contemplated hereby.

  • The Dispute Resolution Auditor’s determination will be based solely on the definitions of Cash, Indebtedness, Net Working Capital and Transaction Expenses contained herein and the Closing Accounting Principles.

  • For purposes of the determination of the amounts of the Closing Net Debt, the Closing Working Capital, the Working Capital Adjustment, the Closing Capital Expenditure, the Capital Expenditure Shortfall and the Purchase Price Adjustment, the Parties and the Expert shall be bound by and shall apply the Closing Accounting Principles, the definitions, formula and other terms set forth in this Agreement and more specifically its Article 4.5.

  • The Effective Date Balance Sheet shall be prepared in accordance with the Closing Accounting Principles, and with the cooperation of, and in consultation with, ABB.


More Definitions of Closing Accounting Principles

Closing Accounting Principles means (a) the accounting principles and procedures to be applied by the Parties and the Group Companies for the Final Closing Statement and the Closing Accounts as set out in S chedule 6 (Closing Accounting Principles) and (b) to the extent not covered in (a) above, the Accounting Principles.
Sample 1

Related to Closing Accounting Principles

  • 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.

  • Agreed Accounting Principles means GAAP; provided, however, that, with respect to any matter as to which there is more than one generally accepted accounting principle, Agreed Accounting Principles means the generally accepted accounting principles consistently applied in the preparation of the Latest Audited Company Balance Sheet; provided, further, that, for purposes of the Agreed Accounting Principles, no known adjustments for items or matters, regardless of the amount thereof, shall be deemed to be immaterial.

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).

  • 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.

  • Generally Accepted Accounting Principles means the standards for accounting and preparation of financial statements established by the Federal Accounting Standards Advisory Board (or its successor agency) or any successor standards adopted pursuant to relevant SEC rule.

  • 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.

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

  • U.S. GAAP means United States generally accepted accounting principles.

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • International Accounting Standards means International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and related Interpretations (SIC-IFRIC interpretations), subsequent amendments to those standards and related interpretations, and future standards and related interpretations issued or adopted by the International Accounting Standards Board (IASB);

  • PRC GAAP means the generally accepted accounting principles in the PRC.

  • IFRS means the International Financial Reporting Standards as issued by the International Accounting Standards Board.

  • GAAP means United States generally accepted accounting principles.

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • 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.

  • MacBride Principles means those principles relating to nondiscrimination in employment and freedom of workplace opportunity which require employers doing business in Northern Ireland to:

  • Accounting Reference Date means 31 December of each year.

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Accounting Policies means GAAP, applied in a manner consistent with the accounting policies, principles, practices and methodologies used in the preparation of the Audited Balance Sheet.

  • 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;

  • Agreed Principles means the terms set out in Part 1 of Schedule 1;

  • Fixed GAAP Date means the Issue Date; provided that at any time after the Issue Date, the Company may by written notice to the Trustee elect to change the Fixed GAAP Date to be the date specified in such notice, and upon such notice, the Fixed GAAP Date shall be such date for all periods beginning on and after the date specified in such notice.

  • Practice of public accounting means the performance or the offering to perform, by a person holding oneself out to the public as a certified public accountant or a licensed public accountant, one or more kinds of professional services involving the use of accounting, attest, or auditing skills, including the issuance of reports on financial statements, or of one or more kinds of management advisory, financial advisory, or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters. However, with respect to licensed public accountants, the “practice of public accounting” shall not include attest or auditing services or the rendering of an opinion attesting to the reliability of any representation embracing financial information.

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • 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.

  • Australian Accounting Standards refers to the standards of that name, as amended from time to time, that are maintained by the Australian Accounting Standards Board referred to in section 227 of the Australian Securities and Investments Commission Act 2001 (Cth);