Interval Accounting definition

Interval Accounting. The actual time a job executes within prime shift and off-prime shift will be accounted for separately. For example, assuming prime shift is 8AM to 5PM, and a job runs from 7 AM to 9AM (regardless of when it was submitted), it will accumulate 1 hour of off-prime shift time and 1 hour of prime shift time.
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Related to Interval 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;

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

  • 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.

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.