Accounting reports definition

Accounting reports means an audit, a review, a compilation, or a fiscal report.
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Accounting reports is defined in Section 10.5(e).
Sample 1
Accounting reports. Payments: Inspection. IMI and Genisys shall jointly be responsible for coordinating the collection of all revenues from the sale of the Product through the Infomercial and all other direct response sales. Genisys shall keep complete and accurate books of account regarding the manufacture, marketing and sale of The Product and the other sources of revenue which are the subject of this Agreement. Genisys shall allow IMI the right of inspection of such books during regular business hours and upon reasonable advance notice. During the term of this Agreement for each month in which there are sales of the Product or other revenue subject to this Agreement, within thirtv (30) days after the end of the month Genisys shall provide IMI with a report containing complete information regarding sales of the Product and as a required hereunder the calculation of Gross Receipts, the royalties due thereon, and including therewith a payment of any amounts due IDS for the prior month activities. Such books of account and supporting data shall be available for inspection by IMI during Genisys' regular business hours for a period of two (2) years following the end of the fiscal year to which they pertain. In the event the inspection of Genisys books and records reveals that any annual payment to IMI was understated by five percent (5%) or more, Genisys shall be responsible to pay for the reasonable costs of inspection, excluding travel costs related to the inspection. Additionally, any amount due IMI which is unpaid shall accrue interest at the rate of ten percent (10%) per annum until the total amount due, including interest, is paid in full. Any determination of underpayment shall not be a breach of this Agreement unless the full amount due remains unpaid for a period exceeding ten (I0) days after receipt of written payment demand,
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Examples of Accounting reports in a sentence

  • Accounting reports will be generated based on data received prior to any suspension.

  • Accounting reports A r t i c l e 61 The Agency shall be provided with an initial report on all nuclear material subject to safeguards under this Agreement.

  • Accounting reports, deposit slips, credit card receipts, copies of manual cash receipts, etc.

  • Accounting reports may be included in Biannual LUP Implementation Status Reports under 15A NCAC 07L .0511.

  • Accounting reports are often the basis on which the effectiveness of stewardship decisions and actions are evaluated.

  • Accounting reports shall be submitted to the Reinsurer by the Company and by the Reinsurer to the Company, not later than 15 business days after the end of each calendar month.

  • NTP is using the diagnostic criteria evaluations from the pathology workshops.

  • System should provide Operational, Administrative and Accounting reports The following Reports are indicative as per the current practices and not exhaustive.

  • Accounting reports of expected rebates and rebate payments received in each incurred fiscal quarter were studied to estimate future actual to expected collection ratios.

  • Accounting reports are required to be prepared within 30 days of each event.

Related to Accounting reports

  • Financial Statements has the meaning set forth in Section 3.06.

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

  • 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;

  • 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.

  • Historical Financial Statements means as of the Closing Date, (a) the audited consolidated balance sheets and related statements of income and cash flows of the Borrower for the Fiscal Years ended December 31, 2019 and December 31, 2020 and (b) the unaudited consolidated balance sheets and related statements of income and cash flows of Holdings for each fiscal quarter (other than the fourth fiscal quarter) ended after the most recent fiscal year of Holdings and at least forty-five (45) days prior to the Closing Date.

  • SOS Reports means the official reports from the Secretaries of State of each Collateral State, the state where Borrower’s chief executive office is located, the state of Borrower’s formation and other applicable federal, state or local government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report.

  • Engineering Reports has the meaning assigned such term in Section 2.07(c)(i).

  • Accountants’ Report means the report of a firm of nationally recognized Independent Accountants described in Section 4.11.

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

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Audited Statements means the Consolidated balance sheets of the Borrower as at December 31, 2009, and the related Consolidated statements of income and cash flows of the Borrower for the fiscal year then ended, accompanied by the opinion thereon of the Borrower’s independent public accountants.

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • Annual Accountant’s Report is defined in Section 3.04(a) of the Servicing Agreement.

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

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Financial Reports means the Annual Financial Statements and the Interim Accounts.

  • 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.

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • 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.

  • Annual Financial Statements has the meaning set forth in Section 3.06.

  • Reporting Accountants means the auditors of National Grid (but not acting in their capacity as auditors) or such other firm of accountants as may be nominated by National Grid and approved in writing by the Trustee for the purpose or, failing which, as may be selected by the Trustee for the purpose; and

  • Engineering Report means either an Independent Engineering Report or an Internal Engineering Report.

  • Financials means the annual or quarterly financial statements, and accompanying certificates and other documents, of the Borrower and its Subsidiaries required to be delivered pursuant to Section 5.01(a) or 5.01(b).

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.