Accounting Methodology. The Depletions allowed for under this 20 Agreement derive from the water apportioned to the State under the Colorado River 21 Agreement (1922), the Upper Colorado River Compact (1948) and other existing laws 22 governing the administration of the Colorado River. Navajo Depletions described in this 23 Agreement will be accounted for using the same methodology applied to all other 24 comparable uses within the Colorado River System in the State.
Accounting Methodology. Initially, each Collaborator shall apply its internal cost accounting principles and methodology in determining Costs incurred with respect to the Collaboration, which shall be consistent with generally accepted accounting principles and with the principles and methodology applied by the Collaborator to its other projects and reasonably acceptable to the Management Committee. The Management Committee shall review the internal cost accounting principles and methodology of the Collaborators and as soon as practicable, but in no event later than receipt of the first Regulatory Approval of a Product in a Major Market, shall establish a statement of cost accounting principles and methodology, consistent with generally accepted accounting principles, to be used by each Collaborator and the JV in recording and reporting Costs as Allowable Expenses and calculating Operating Profits under this Agreement. The approved statement shall be attached to this Agreement as SCHEDULE VI. Any disagreement with respect to the development of the principles and methodologies to be set forth in SCHEDULE VI shall be resolved by a reputable firm of independent public accountants selected by the Collaborators.
Accounting Methodology. The accountant will consolidate the quarterly statement as provided by the Clinic Manager and compile an annual statement for income tax purposes. The accountant will as necessary reallocate the revenue or expenditures for the year to each Associate in accordance with section 3.1 and 3.3 of this agreement. Specifically, the variable revenue and expense formula will use the annual fee for service in the calculation, rather than the quarterly fees, as illustrated in the formula below: Associate’s annual fees for services minus amounts received by the Associate for CME as set out in the OHIP Remittance Advice Associate’s allocated of such Associate percentage of Variable = Costs All Associates’ annual fees for services minus amounts received by the Associates for CME as set out in the OHIP Remittance Advice of all Associates The accountant will review the revenue allocation to ensure it has been calculated in accordance with the attribution table. The accountant will ensure the statements are calculated on an accrual basis, thus including revenue and expenditures amounts that may be receivable or payable at year end. Upon approval of the Associates, the accountant will then summarize the financial data into a format that can be used by the Associates for income tax purposes. This same financial date will be used in the compilation of financial statements as described in section 4.3 of the Agreement. The accountant will provide this information with the following Notice to Reader appended:
Accounting Methodology. VEPGA accepts that for the Term of this Agreement, Dominion Virginia Power is continuing to include Construction Work in Progress (“CWIP”) as a component of rate base for ratemaking purposes and has discontinued the accrual of Allowance for Funds Used During Construction (“AFUDC”) with the exception of AFUDC accruals related to riders prior to the implementation of new riders, as per Virginia Jurisdictional rider methodology.
Accounting Methodology. The current accounting methodology and practices in effect among some or all of the Participants as of the Effective Date of this Agreement, including the agreements reached by the Joint Committee with some or all of the Participants, as reflected in (i) the minutes of the Joint Committee meetings held on August 20, 1984, respecting the methodology for computing GPC’s A&G expenses, and on April 18, 1983 and April 15, 1985 (and the April 1, 1985 minutes of the Joint Subcommittee for Finance and Accounting incorporated therein), respecting the 180-Day Rule, (ii) the minutes of the Joint Subcommittee for Power Generation meeting on February 27, 1988, respecting Joint Owners Revenue Allocations and Plant Hatch inventory accounting methodology, (iii) the January 18, 1990, revision to the A&G methodology, (iv) the May 8, 1979, Compromise and Settlement Agreement between GPC and MEAG, (v) the minutes of the Joint Subcommittee for Finance and Accounting meeting on February 12, 1991, respecting A&G methodology, (vi) the letter dated February 29, 1992, from Xxxxxx Xxxxx to Xxxx Xxxx respecting the agreed A&G methodology from the February 12, 1991 agreement, (vii) the minutes of the Joint Subcommittee for Finance and Accounting on February 2, 1981, respecting depository accounts, and (viii) the letter dated July 9, 2003, from Xxxxx Xxxx to Xxxx Xxxxxxx concerning the use of the DMG A&G methodology for MEAG, shall all remain in effect insofar as they apply to Plant Hatch or Plant Vogtle until such time as such methodology, practices or agreements shall be amended, modified or revoked by the Nuclear Managing Board, or by GPC and the affected Participants, as appropriate.
Accounting Methodology. The Estimated Closing Balance Sheet and the Closing Balance Sheet shall be prepared in accordance with United States generally accepted accounting principles (“GAAP”) applied in a manner consistent with the accounting principles applied in the preparation of the Company’s December 31, 2014 consolidated balance sheet (the “Balance Sheet”) and, where applicable, consistent with and using the methodology described on Schedule 2.6(c) (“Accounting Methodology”). To the extent there is any inconsistency between the methodology of GAAP applied in a manner consistent with the accounting principles applied in the preparation of the Balance Sheet and the methodology described on Schedule 2.6(c), the methodology described on Schedule 2.6(c) shall supersede and be the basis on which the Estimated Closing Balance Sheet and Closing Balance Sheet are prepared.
Accounting Methodology. The Company will provide the “
Accounting Methodology. As clarification to the application of the methodology described in Schedule 2.3, the following is a calculation of estimated net working capital based on the audited December 31, 2011 balance sheet. Estimated Net Working Capital Based on December 31, 2011 balances: Cash and cash equivalents $ 0 Accounts receivable 4,375,007 Prepaid expenses 15,000 Deposits and other assets 256,392 Vendor advances 1,686,041 Total current assets $ 6,332,440 Accounts Payable $ (10,606,825 ) Accrued and other liabilities (48,911,012 ) Employee accruals (0 ) Other Current Liabilities 0 Total current liabilities $ (59,517,837 ) Current Assets—Current Liabilities $ (53,185,397 ) Long Term Deferred Revenue $ (683,287 ) Estimated Net Working Capital $ (53,868,684 ) SCHEDULE 2.4
Accounting Methodology. All books of account and financial statements ---------------------- relating to the Cash Management System shall be prepared and maintained in accordance with generally accepted accounting principles.
Accounting Methodology. The Accounts have been prepared, unless otherwise expressly stated therein, on a basis consistent with the basis applied in preparing the Company’s audited accounts for the immediately preceding financial year.
