Preparation of financial statements definition

Preparation of financial statements means any preparation of financial statements engagement to be performed in accordance with SSARS.
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Preparation of financial statements means providing a service of any preparation of financial statements engagement to be performed in accordance with the AICPA Statements on Standards for Accounting and Review Services;
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Preparation of financial statements means providing a
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Examples of Preparation of financial statements in a sentence

  • Preparation of financial statements in accordance with the basis of accounting described in Note 2(a) requires management to make estimates and assumptions that impact reported amounts of assets and liabilities at the date of the financial statements and revenues and expenses during the reporting periods.

  • Preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions in certain circumstances, affecting amounts reported in these financial statements and related notes.

  • Preparation of financial statements in accordance with the basis of accounting described in note 2 a) requires management to make estimates and assumptions that impact reported amounts of assets and liabilities at the date of the financial statements and revenues and expenses during the reporting periods.

  • Use of estimates Preparation of financial statements in accordance with generally accepted accounting principles in Israel (Israeli GAAP) and with the directives and guidelines of the Supervisor of Banks requires Management to use judgment, make estimates and assumptions which affect the implementation of the accounting policy and the reported amounts of assets and liabilities and the amounts of income and expenses.

  • Preparation of financial statements requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period.

  • Preparation of financial statements in accordance with International Financial Reporting Standards (“IFRS”) requires the Management Board to make professional judgements, estimates and assumptions which affect the adopted principles and presented values of assets, equity and liabilities, income and expenses.

  • Preparation of financial statements in compliance with IFRS require estimates and assumptions affecting value of assets and liabilities recognised in the financial statements, and disclosures in the notes at the year-end as well as income and expenditures recognised in the reporting period.

  • Preparation of financial statements in conformity with GAAP requires the use of management’s estimates and assumptions.

  • Preparation of financial statements in conformity with GAAP requires making estimates and assumptions that affect: [1] the reported amounts of assets and liabilities, [2] disclosures such as contingencies, and[3] the reported amounts of revenues and expenditures or expenses included in the financial statements.

  • The Preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period.

Related to Preparation of financial statements

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

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

  • 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.

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

  • Audited financial statement means a financial statement audited by an outside accounting firm.

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

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

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

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

  • 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.

  • Initial Financial Statements means, collectively, (a) the audited annual consolidated financial statements of the Borrower dated as of December 31, 2014 and (b) the unaudited quarterly consolidated financial statements of the Borrower dated as of September 30, 2015.

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

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

  • 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.

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

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

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • Target Financial Statements has the meaning set forth in Section 3.4(a).

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Buyer Financial Statements has the meaning set forth in Section 4.7.

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

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Authority charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • 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.

  • Annual Financial Statement is defined in Section 10.1(a).

  • Original Financial Statements means the audited consolidated financial statements of the Company for the year ended 31 December 2012.