Accounting Conventions definition

Accounting Conventions means GAAP, as applied using the accounting rules and principles set forth in Exhibit A.
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Accounting Conventions means the agreements, assumptions and conventions used in connection with preparing the Financial Statements and to be used in connection with preparing the Closing Balance Sheet, as set forth on Schedule 2.3.
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Accounting Conventions means the agreements, assumptions and conventions used in connection with preparing the Financial Statements and to be used in connection with preparing the Closing Balance Sheet, as set forth on Schedule 2.3. ------------
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Examples of Accounting Conventions in a sentence

  • Unit 1: INTRODUCTION TO FINANCIAL ACCOUNTING 08 HrsIntroduction – Meaning and Definition – Objectives of Accounting – Functions of Accounting – Users of Accounting Information – Limitations of Accounting – Accounting Principles – Accounting Concepts and Accounting Conventions.

  • These are legitimate costs of running a business, and are accepted under the Government Accounting Conventions for this reason.To take account of these factors a margin for sustainability and investment (MSI) is added to the costs reported in the consolidated financial statements to present a full economic cost.

  • Module 2: ACCOUNTING CONCEPTS, CONVENTIONS AND STANDARDS - I Accounting Concepts: Income Statement Concepts and Balance Sheet Concepts; Accounting Conventions.

  • Whenever that contractor is already required to follow U.K. Government Accounting Conventions, the disclosed practices shall be in accord with the re- quirements of those conventions.

  • We have also observed that Accounting Conventions cannot supersede any express provisions of the laid down provisions of the specific law on the subject.

  • Accounting Conventions help in comparing accounting data of different business units or of the same unit for different periods.

  • We have gone through the various submission made including the various citations made by them and observed that whether during the period of Corporate Insolvency Resolution Process when Section 14 (Moratorium) of the I&B Code, 2016 is in operation & whether any dues can be set off as per Accounting Conventions when Moratorium is in force.

  • Liens in connection with easements, rights-of-way, zoning restrictions and other similar encumbrances affecting real property which, in the aggregate, do not impose material financial obligations on the Borrower or any Loan Party, and which do not, in the aggregate, materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of such property or the Loan Party that owns such property.

  • APPENDIX “A” M.F.A (MASTER OF FINANCE AND ACCOUNTING) - COURSE MATRIX Paper Paper 1.1 : Accounting Conventions and Standards Objectives:To expose the students to the role of accounting standards and the process of standard setting.

  • Accounting Conventions, Concepts and PrinciplesDefinition and scope of accounting; basic principles of accounting; concepts and conventions underlying accounting statements, substance over form, the impact of International Accounting Standards as applicable in Pakistan, (IAS 1, & 16).


More Definitions of Accounting Conventions

Accounting Conventions has the meaning set forth in Section 6.17.
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Accounting Conventions means the accounting assumptions and ---------------------- methodologies of the Companies set forth on Exhibit A attached hereto. ---------
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Accounting Conventions means the same accounting conventions, methods, principles, policies, practices, and procedures, with consistent classification, judgments, and estimation methodology, as were used by the Company in preparing, and in the form of, the Recent Balance Sheet. Notwithstanding the foregoing, for purposes of the Closing Statement, the amounts for the following line items shall be as follows: (a) Account 15180 - Accrued Burden: $461,000; (b) Account 15840 – Accrued Insurance: $741,089; (c) Account 15800 – Accrued 401(k) Match: $0; and (d) Account 15900 – Accrued Expenses Other: $105,000.
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Accounting Conventions means the illustrative calculation and the accounting principles, procedures, practices, policies and calculations set forth on Section 11.1(a) of the Disclosure Letter.
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Accounting Conventions shall have the meaning ascribed to such term in Section 2.04.
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Related to Accounting Conventions

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with those used in preparing the financial statements referred to in Section 5.5.

  • 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);

  • 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.

  • STCW Convention means the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, 1978 of the IMO, as it applies to the matters concerned taking into account the transitional provisions of Article VII and Regulation I/15 of the Convention and including, where appropriate, the applicable provisions of the STCW Code, all being applied in their up-to-date versions;

  • 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.

  • 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 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).

  • 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.

  • FRN Convention or “Eurodollar Convention” means that each such date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the Final Terms after the calendar month in which the preceding such date occurred, provided that:

  • 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.

  • Montreal Convention means the Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Montreal, May 28, 1999.

  • Geneva Convention means the Convention of 28 July 1951 relating to the status of refugees, as amended by the New York Protocol of 31 January 1967;

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

  • 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);

  • ICSID Convention means the Convention on the Settlement of Investment Disputes between States and Nationals of Other States, done at Washington, March 18, 1965;

  • Paris Convention means the Paris Convention for the Protection of Industrial Property of March 20, 1883, as last revised;

  • 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.

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

  • Hague Convention means the Convention on the Service Abroad of Judicial and Extra Judicial Documents in Civil or Commercial Matters done at the Hague on 15 November 1965;

  • Warsaw Convention means the Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, October 12, 1929, as amended, but not including the Montreal Convention as defined above.

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

  • Accounting Information means (a) the annual audited consolidated financial statements of the Group and (b) the quarterly unaudited consolidated financial statements of the Group, each as provided or (as the context may require) to be provided to the Bank in accordance with clause 5.1.4;

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

  • Accounting Standard means GAAP.

  • the Convention means the Convention on International Civil Aviation opened for signature at Chicago on 7 December 1944, and includes: (i) any amendment that has entered into force under Article 94(a) of the Convention and has been ratified by all the Contracting Parties to this Agreement, and (ii) any Annex or any amendment thereto adopted under Article 90 of the Convention, insofar as such Annexes or amendments are, at any given time, effective for all the Contracting Parties to this Agreement;