Polish GAAP definition

Polish GAAP means accounting rules, conventions, standards and procedures for reporting financial information set down in the Polish Act on Accounting of 29 September 1994 and the Polish Act on Public Finance of 30 June 2005, as in effect from time to time in Poland.
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Polish GAAP means Polish generally accepted accounting principles, consistently applied.
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Polish GAAP will mean generally accepted accounting principles as applied in the Republic of Poland.
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Examples of Polish GAAP in a sentence

  • She has seven years of experience in the financial audit departments of KPMG and Deloitte, where she has been involved in many projects, including statutory and group audits under Polish GAAP and IFRS, mergers and acquisitions, IPO projects, regulatory audits Since 2015, she has been involved in the Lendtech industry, first as CEO of a lending company and later as CEO of financial intermediary Fincapital, a service provider for Lendtech companies.

  • Transformation from a planned to a free market economy and ongoing globali- zation processes represent the major forces shaping developments withrespect of Polish GAAP, which took place in the 1990s.

  • It may be concluded that the 2002 amendments were an important step to reducing the differences between Polish GAAP and IFRS, placing Poland in the mainstream of harmonization.

  • This enabled separating accounting law from tax law and converting it into an autonomous regulation.2. Polish GAAP evolves in the direction proposed by the IASB.

  • Pursuant to resolutions of Ordinary General Shareholders Meetings and as permitted by the Polish Commercial Code, the Company has covered its 2015 and 2014 net loss (amounts resulting from the financial statements prepared in accordance with Polish GAAP) by reduction of the share premium.

  • Recognition of capitalized development costs as expenses According to Polish GAAP, the Company capitalized incurred development costs as assets and presented them as prepaid expenditures.

  • See also accounting policy for government grants in Note 4d.c) Accounting for depreciation of chromatographic equipment reclassified from inventoryFor the purposes of drugs development and related production company uses a chromatographic equipment which under Polish GAAP has been classified as an inventory.

  • Under Polish GAAP, the Company has recognized development costs as a prepaid expense much earlier than the moment of obtaining the regulatory approval.According to IAS 38, development costs are recognized as expenses because the criteria for capitalization set by IAS 38 are considered not to be met until the Company has received regulatory approval of the drug application.

  • The Company also does not apply any optional exemption from the full retrospective application of IFRS.Presented below is the impact of adjustments resulting from the adoption of IFRS on shareholders’ equity as of January 1, 2015 (date of transition to IFRS) and December 31, 2015 (reporting date of the last financial statement prepared in accordance with Polish GAAP), as well as on net loss / total comprehensive income for the year 2015.

  • A judge is likely to favour the parent that any children will live with after the divorce, but can also take into account the needs and financial resources of both of you.

Related to Polish GAAP

  • UK GAAP means generally accepted accounting principles in the United Kingdom.

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

  • GAAP means United States generally accepted accounting principles.

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

  • Brazilian GAAP means, collectively, the accounting principles prescribed by Brazilian Corporate Law, the rules and regulations issued by applicable regulators, including the CVM, as well as the technical releases issued by the Brazilian Institute of Accountants (Instituto Brasileiro de Contadores), in each case as in effect from time to time.

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

  • Canadian GAAP means Generally Accepted Accounting Principles as provided in the Handbook of the Canadian Institute of Chartered Accountants.

  • Mexican GAAP means generally accepted accounting principles in Mexico in effect on the Issue Date.

  • 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).

  • SAP means the SAP entity that has entered into this Agreement, as well its Affiliates.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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);

  • GAAS means generally accepted auditing standards in the United States.

  • 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.

  • Uniform System of Accounts means the most recent edition of the Uniform System of Accounts for Hotels as adopted by the American Hotel and Motel Association.

  • IAS means International Accounting Standards.

  • Fixed GAAP Terms (a) the definitions of the terms “Capitalized Lease Obligation,” “Consolidated Depreciation and Amortization Expense,” “Consolidated Interest Expense,” “Consolidated Net Income,” “Consolidated Tangible Assets,” “Consolidated Working Capital,” “EBITDA,” “ECF CNI,” “Excess Cash Flow,” “Fixed Charge Coverage Ratio,” “Fixed Charges,” “Funded Debt,” “Indebtedness,” “Investments,” “Net Income,” “Senior Secured Indebtedness” and “Senior Secured Indebtedness to EBITDA Ratio,” (b) all defined terms in this Agreement to the extent used in or relating to any of the foregoing definitions, and all ratios and computations based on any of the foregoing definitions, and (c) any other term or provision of this Agreement or the other Loan Documents that, at the Borrower’s election, may be specified by the Borrower by written notice to the Administrative Agent from time to time.

  • HKFRS Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants

  • PCAOB means the Public Company Accounting Oversight Board.

  • 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.

  • 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.

  • IASB means the International Accounting Standards Board;