Special Accounting Principles definition

Special Accounting Principles means those elections under, and modifications and exceptions to, GAAP and the Companies’ past practice that are specifically described in Exhibit 1.59 attached hereto.
Sample 1
Special Accounting Principles means those principles set forth on Exhibit 1.58 attached hereto to be used in connection with preparing the Financial Statements, the Interim Financial Statements, the Initial Statement of Adjusted Working Capital and the Final Statement of Adjusted Working Capital.
Sample 1

Examples of Special Accounting Principles in a sentence

  • As of the Closing Date, the Companies will not be subject to any liability or obligation of a nature required to be reflected or reserved against on a balance sheet prepared in accordance with GAAP, subject to the Special Accounting Principles, that was not reflected on the December Balance Sheet (or disclosed in the notes thereto) and so required, except such that would not constitute a Material Adverse Effect.

  • The Inventory is valued on the books of the Companies at the lower of cost or market value in a manner consistent with GAAP and the past practices of the Companies, subject to the Special Accounting Principles.

  • The Interim Financial Statements, when delivered pursuant to Section 5.13(a) hereof, shall be true and correct in all material respects, and present fairly the financial position and results of operations of the U.S. Display Business as of the dates and for the periods specified therein, and shall be prepared in accordance with GAAP applied on a basis consistent with the current practice of Seller, subject to the Special Accounting Principles.

  • This work aims to develop a clear systematic simulated-based method that meets• the PI drivers and process specifications, and• easy and efficient utilization, that serves the future design, as well as the current facilities in operation.

  • As of December 31, 2000, the Companies were not subject to any liability or obligation of a nature required to be reflected or reserved against on a balance sheet prepared in accordance with GAAP, subject to the Special Accounting Principles, that was not reflected on the December Balance Sheet (or disclosed in the notes thereto) as so required.

  • Buyer and Seller agree that the Initial Statement of Adjusted Working Capital and Final Statement of Adjusted Working Capital shall include accruals for vacation pay, sick days and personal days in accordance with the Special Accounting Principles.

  • Within thirty (30) days after the Closing Date, Seller shall prepare and deliver to Buyer a draft Final Statement of Working Capital, which shall be prepared (i) except as required by the Special Accounting Principles, in accordance with GAAP applied on a basis consistent with the past practice of the Companies, and (ii) in a manner consistent with the Initial Statement of Working Capital.

  • The Financial Statements are true and correct in all material respects, and present fairly the financial position and results of operations of the U.S. Display Business as of the dates and for the periods specified therein, and were prepared in accordance with GAAP applied on a basis consistent with the current practice of Seller, subject to the Special Accounting Principles.

  • While administrative work for regional and central levels of the government health system may decrease with local fee retention and management, at the facility level there will be a greater need for management and accounting systems run by trained administrators.

  • The Companies’ unaudited combined balance sheet as of December 31, 2000 (the "December Balance Sheet"), is true and correct in all material respects, and presents fairly the combined financial position of the Companies as of the date thereof, and was prepared in accordance with GAAP applied on a basis consistent with the past practice of the Companies, subject to the Special Accounting Principles.

Related to Special 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.

  • 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.

  • 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.

  • 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.

  • 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);

  • 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.

  • GAAP means United States generally accepted accounting principles.

  • 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);

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

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

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

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

  • Accounting Standard means GAAP.

  • 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.

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

  • 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.

  • 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.

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

  • 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:

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

  • standards of generally recognised accounting practice means an accounting practice complying with standards applicable to municipalities or municipal entities as determined by the 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.