Method of Accounting definition

Method of Accounting means a cash basis method of accounting.
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Method of Accounting means the accrual method of accounting or any other method of accounting acceptable to the Accountant that the General Partner may select from time to time which shall be in accordance with generally accepted accounting principles now or hereafter in effect. All accounting terms not specifically defined herein shall be construed in accordance with the Method of Accounting.
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Method of Accounting means the method of accounting selected from time to time by the Managers.
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Examples of Method of Accounting in a sentence

  • Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting.

  • This presumption will stand until rebutted by an evaluation of all the facts and circumstances relating to the investment based on the criteria in FASB Interpretation No. 35, Criteria for Applying the Equity Method of Accounting for Investments in Common Stock, an Interpretation of APB Opinion No. 18.

  • BOOKS OF ACCOUNT, ACCOUNTING REPORTS, TAX RETURNS, FISCAL YEAR, BANKING Method of Accounting.

  • Consolidation and Equity Method of Accounting We consider entities to be Variable Interest Entities (“VIEs”) when they have insufficient equity to finance their activities without additional subordinated financial support provided by other parties, or the equity holders as a group do not have a controlling financial interest.

  • Method of Accounting -The financial statements of the Housing Authority have been prepared on the accrual basis of accounting and accordingly, reflect all significant receivables, payables and other liabilities.The Housing Authority applies all relevant Governmental Accounting Standards Board (GASB) pronouncements.

  • A taxpayer changing its method of ac- counting in accordance with this sec- tion must file a Form 3115, Application for Change in Method of Accounting, in duplicate.

  • On December 26, 2008, the ASBJ issued ASBJ Statement No. 16 (Revised 2008), “Revised Accounting Standard for Equity Method of Accounting for Investments”.

  • Real Estate Development Project:The Company follows completed project method of accounting ("Project Completion Method of Accounting").

  • Equity Method of Accounting for Investments in Bank and Nonbank Subsidiaries and Associated CompaniesEach holding company in preparing its parent company only financial statements shall account for all investments in subsidiaries, associated companies, and those corpo- rate joint ventures over which the holding company exercises significant influence according to the equity method of accounting, as prescribed by GAAP.

  • Method of Accounting The financial statements of the Foundation are presented on the accrual basis of accounting and maintained in accordance with accounting principles generally accepted in the United States of America (GAAP).


More Definitions of Method of Accounting

Method of Accounting means the accrued basis method of accounting unless another method of accounting is agreed upon by the Sole Member or is required to be used by the Code.
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Related to Method of Accounting

  • Subscription Accounting means an accounting of all subscriptions for Shares received and accepted by Broker as of the date of such accounting, indicating for each subscription the Subscriber’s name, social security number and address, the number and total purchase price of subscribed Securities, the date of receipt by Broker of the Cash Investment Instrument, and notations of any nonpayment of the Cash Investment Instrument submitted with such subscription, any withdrawal of such subscription by the Subscriber, any rejection of such subscription by Broker, or other termination, for whatever reason, of such subscription.

  • Accounting means activities providing information, usually quantitative and often expressed in monetary units, for:

  • Request for an accounting means a record authenticated by a debtor requesting that the recipient provide an accounting of the unpaid obligations secured by collateral and reasonably identifying the transaction or relationship that is the subject of the request.

  • 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.

  • Automated Message Accounting (AMA) is a structure inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by Telcordia (formerly known as Bellcore) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • external engineering service means an engineering service situated outside the boundaries of a land area and that is necessary to serve the use and development of the land area;

  • Accounting Procedure means the principles and procedures of accounting set out in Appendix C.

  • Automated Message Accounting (AMA means the structure that is inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by iconectiv (formerly known as Telcordia) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • Hours of Operation are the hours established by the Employer to provide adequate service to the public and to fulfil the functions of the work unit.

  • Accounting Authority means the Board of PRASA;

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

  • Registered in the System for Award Management (SAM means that–

  • 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;

  • Registered in the System for Award Management (SAM) database means that—

  • Data Controller shall have the same meaning as set out in the Data Protection Act 1998;

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

  • 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.

  • Areas of Operations means the locations where PURCHASER performs the operations described in the contract.

  • Accounting Standard means GAAP.

  • Board of Appeals means the local board of appeals as created by local ordinance.

  • consolidating supervisor means the competent authority responsible for the exercise of supervision on a consolidated basis of EU parent institutions and institutions controlled by EU parent financial holding companies or EU parent mixed financial holding companies.

  • Engineering control means the use of substitution, isolation, ventilation, and equipment modification to reduce exposure to SARS-CoV-2 virus and COVID-19 disease related workplace hazards and job tasks.

  • Engineering controls means constructed containment barriers or systems that control one or more of the following: downward migration, infiltration, or seepage of surface runoff or rain; or natural leaching migration of contaminants through the subsurface over time. Examples include caps, engineered bottom barriers, immobilization processes, and vertical barriers.

  • 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);

  • Records management means the systematic control of all records from creation or receipt through processing, distribution, maintenance and retrieval, to their ultimate disposition.

  • 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.