Accounting Cycle definition

Accounting Cycle means the applicable accounting period of each of TCCC and CCE (based on accounting policies in effect as of the date hereof) set forth in Section 1.1(a) of the Buyer Disclosure Letter.
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Accounting Cycle means the monthly closing date of the Servicer as provided in Schedule B attached hereto.
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Accounting Cycle means a four­week cycle determined by the employer;
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Examples of Accounting Cycle in a sentence

  • Accounting Cycle: Journal, Ledger, Trial Balance, Final Accounts (Trading Account, Profit and Loss Account and Balance Sheet with simple adjustments).

  • Syllabus: Unit-I – IntroductionNeed for Accounting – Definition – Objectives, – Accounting Concepts and Conventions – GAAP - Accounting Cycle - Classification of Accounts and its Rules – BookKeeping and Accounting - Double Entry Book-Keeping - Journalizing - Posting to Ledgers, Balancing of Ledger Accounts (including Problems).

  • Accounting Cycle: Journal, Ledger, Trial Balance, Final Accounts (Trading Account, Profit and Loss Account and Balance Sheet with simple adjustments).Text Books1.

  • Nature of Accounting Information: Scope of Accounting, Accounting concepts, Principles & Standards, Accounting Cycle, Journalisation, Subsidiary Books; Ledger Posting, Preparation of Trial Balance, Rectification of Error.

  • UNIT-I Accounting and its functions: Concepts and Conventions in Accounting .Accounting Cycle.

  • Accounting Process: Accounting Cycle - Constructing corporate financial statements i.e. Journal, Ledger, Assets, Liabilities, Capital and Revenue concepts – Depreciation – Provisions – Reserves – 8Inventory valuation – Errors and Rectifications – Income: Recognition and Measurement.(15 classes)3.

  • UNIT-I: ACCOUNTING PROCESS:Financial Accounting: Introduction – Definition – Evolution – Functions-Advantages and Limitations – Users of Accounting Information- Branches of Accounting – Accounting Principles: Concepts and Conventions- Accounting Standards– Meaning – Importance – List of Accounting Standards issued by ASB -– Accounting System- Types of Accounts – Accounting Cycle- Journal- Ledger and Trial Balance.

  • Concepts of Asset, Cost, Expense, and Loss; Classification of Costs; Cost Centre and Cost Unit; Cost Object; Cost Accounting Cycle; Factory Cost Flow; Statement of Cost of Goods Manufactured and Sold; Income Statement.

  • The Accounting Process: Double-Entry Accounting System (vis-à-vis Incomplete System; Accounting Equation - Effects of Transactions on the Accounting Equation; The Account- Classification of Accounts, Selection of Account titles, Chart of Accounts, Coding-Rules of Debit and Credit, Balancing and Normal Balance, Recording (Bookkeeping) Aspect of Accounting Cycle.

  • Course Contents: 1.Financial Accounting: Scope and nature of Accounting, Accounting concepts and Principles, Introduction to Accounting Standards, Accounting Cycle, Journalisation; Subsidiary Books; Ledger Posting; Preparation of Trial Balance; Rectification of Error; Depreciation Accounting; Preparation of Final Accounts: Trading Account, Profit and Loss Account, Balance Sheet (with adjustments); Introduction to Company Financial Statement; Contents of Corporate Annual Report with Annexures.

Related to Accounting Cycle

  • 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.

  • Accounting Event has the meaning set forth in the Supplemental Indenture.

  • Accounting Periods means each month.

  • 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;

  • 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.

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

  • Fiscal Year End means the end of each Fiscal Year.

  • Accounting Restatement Date means the earlier to occur of (a) the date that the Board, a committee of the Board authorized to take such action, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare an Accounting Restatement, or (b) the date that a court, regulator or other legally authorized body directs the Company to prepare an Accounting Restatement.

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

  • Accounting Reference Date means 31 December.

  • Accounting Period means a period ending on and including an accounting date and commencing (in case of the first such period) on the date on which the Trust Property is first paid or transferred to the Trustee and (in any other case) from the next day of the preceding accounting period.

  • Accounting Restatement means an accounting restatement that the Company is required to prepare due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period.

  • 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.

  • 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;

  • Counting room means a suitable and convenient private place or room,

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Current Fiscal Year means the fiscal year for which a particular calculation is made.

  • Financial Statement Date has the meaning set forth in Section 4.05 hereof.

  • 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.

  • Most Recent Fiscal Year End has the meaning set forth in Section 4(g) below.

  • Year-End Financial Statements has the meaning specified in Section 4.5.

  • School fiscal year means a fiscal year that commences July 1 and continues through June 30.

  • audited when used in regard to financial statements shall mean an examination of the financial statements by a firm of independent certified public accountants in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.

  • Counting center means one or more locations selected by the election officer in

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

  • Fiscal Quarter means a fiscal quarter of any Fiscal Year.