Modified Cash Basis of Accounting definition

Modified Cash Basis of Accounting means a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America or International Financial Reporting Standards, wherein Contributions will be recorded when received, expenditures will be recorded as disbursements when paid rather than when committed;
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Modified Cash Basis of Accounting means a comprehensive basis of accounting
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Modified Cash Basis of Accounting means a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America or International Financial Reporting Standards, wherein Contributions will be recorded when received, expenditures will be recorded as disbursements when paid rather than when committed; 46. 47. 2“Monitoring System” means a nationwide monitoring, measuring and verification system, capable of monitoring Emission Reductions against an established Reference Scenario;
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Examples of Modified Cash Basis of Accounting in a sentence

  • Modified Cash Basis of Accounting The modified cash basis of accounting is a comprehensive basis of accounting other than GAAP and is a modification of the pure cash basis of accounting.

  • Modified Cash Basis of Accounting The modified cash basis of accounting is a comprehensive basis of accounting other than GAAP, and is a modification of the pure cash basis of accounting.

  • The Bank does not mandate a format for annual financial statements, however, where a Borrower prepares financial statements on a modified cash basis, the Bank encourages the adoption of formats laid out in the International Public Sector Accounting Standards (IPSAS), and Financial Reporting under the Modified Cash Basis of Accounting, in order to monitor and fully reflect any non-cash transactions and payables.

  • Financial Highlights - Modified Cash Basis of Accounting The County's assets exceeded its liabilities at the end of the current year by $1,209,929 (net assets).

  • However, where a Borrower prepares financial statements on the modified cash basis, the Bank encourages the adoption of formats laid out in the International Public Sector Accounting Standards (IPSAS), and Financial Reporting under the Modified Cash Basis of Accounting, in order to monitor any non-cash transactions.

  • The Trustee of the Readiness Fund shall provide to the Donor Participants and the Trustee of the Carbon Fund shall provide to the Carbon Fund Participants, audited financial statements, using a Modified Cash Basis of Accounting.

  • The Act regulates the following activities when conducted in or from within Malta: • the offering of a VFA to the public by anissuer; • the application, by an issuer, for admission of a VFA to trading on a DLT exchange; • the activity of a VFA agent; and • the provision of VFA services.

  • Financial Highlights - Modified Cash Basis of Accounting The County's assets exceeded its liabilities at the end of the current year by $9,995,501 (net position).

  • The World Bank encourages the adoption of formats laid out in the International Public Sector Accounting Standards, and Financial Reporting under the Modified Cash Basis of Accounting, in order to monitor any non-cash transactions.

  • Content and timeline of the adoption of Double-Entry Modified Cash Basis of Accounting.

Related to Modified Cash Basis of Accounting

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

  • Consolidated Adjusted EBITDA means, for any period, an amount determined for Borrower and its Subsidiaries on a consolidated basis equal to Consolidated Net Income for such period, plus, (i) to the extent deducted in determining Consolidated Net Income for such period, the sum, without duplication of amounts for:

  • GAAP means United States generally accepted accounting principles.

  • Consolidated Account means an account which is a consolidation of any separate accounts of a person who is liable for payment to the Municipality;

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Canadian GAAP means Generally Accepted Accounting Principles as provided in the Handbook of the Canadian Institute of Chartered Accountants.

  • IFRS means International Financial Reporting Standards.

  • Adjusted EBITDA means, for the twelve (12) month period preceding the calculation date, for any Person, the sum of (a) Net Income, plus (b) to the extent deducted in determining Net Income, the sum, without duplication, of such Person’s (i) Interest Expense, (ii) income tax expense, including, without limitation, taxes paid or accrued based on income, profits or capital, including state, franchise and similar taxes and foreign withholding taxes, (iii) depreciation and amortization (including, without limitation, amortization of goodwill and other intangible assets), (iv) extraordinary losses and non-recurring non-cash charges and expenses, (v) all other non-cash charges, expenses and interest (including, without limitation, any non-cash losses in respect of Hedge Agreements, non-cash impairment charges, non-cash valuation charges for stock option grants or vesting of restricted stock awards or any other non-cash compensation charges, and losses from the early extinguishment of Indebtedness), (vi) non-recurring integration costs and expenses resulting from operational changes and improvements (including, without limitation, severance costs and business optimization expenses) and (vii) non-recurring charges and expenses, restructuring charges, transaction expenses (including, without limitation, transaction expenses incurred in connection with any merger or acquisition) and underwriters’ fees, and severance and retention payments in connection with any merger or acquisition, in each case for such period, less extraordinary gains and cash payments (not otherwise deducted in determining Net Income) made during such period with respect to non-cash charges that were added back in a prior period; provided, however, (A) with respect to any Person that became a Subsidiary of the Borrower, or was merged with or consolidated into the Borrower or any of its Subsidiaries, during such period, or any acquisition by the Borrower or any of its Subsidiaries of the assets of any Person during such period, “Adjusted EBITDA” shall, at the option of the Borrower in respect of any or all of the foregoing, also include the Adjusted EBITDA of such Person or attributable to such assets, as applicable, during such period as if such acquisition, merger or consolidation, including any concurrent transaction entered into by such Person or with respect to such assets as part of such acquisition, merger or consolidation, had occurred on the first day of such period and (B) with respect to any Person that has ceased to be a Subsidiary of the Borrower during such period, or any material assets of the Borrower or any of its Subsidiaries sold or otherwise disposed of by the Borrower or any of its Subsidiaries during such period, “Adjusted EBITDA” shall exclude the Adjusted EBITDA of such Person or attributable to such assets, as applicable, during such period as if such sale or disposition of such Subsidiary or such assets had occurred on the first day of such period.